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ONE – Europe’s First Mobile Household & Private Liability Insurer Goes Online

  • Europe's first 100 % digital household & private liability insurance carrier with Munich RE as reinsurer
  • Ashton Kutcher and other international VCs are investing
  • Policy confirmation in three minutes; damage processing in a few hours; cancellable monthly

BERLIN; VADUZ, 02/01/2018 – Insurance has been around for hundreds of years, that much is clear. ONE is Europe’s first digital all-round insurer. Starting today, users can get household and third-party liability insurance in minutes through their smartphone. Further types of insurance will follow shortly. The investor behind the startup is the WeFox Group. A large number of renowned VCs and celebrities from show business have participated in the holding company. Munich RE, the world’s largest reinsurer, participates as a strategic partner in the company.

Customers expect a completely different kind of service today than they did 15 years ago. Amazon delivers packages the same day, Netflix runs on-demand, not just at 8:15 pm. We want people to forget everything they know about insurance and give them a whole new experience and attitude. Stephan Ommerborn, CEO of ONE

Instead of using snail-mail correspondence and hotlines, ONE relies on fully digital communication: Through the app, customers answer the most important questions about their insurance, input their credit card or direct debit data, and are insured within a few minutes. Of course, a telephone hotline is still available, because ultimately the customer should be able to choose how he or she wants to connect with ONE. Claims are reported directly via the smartphone and assessed within a maximum of two hours. In 60 percent of all cases, the damage is paid on the same day – for example, in case of a bicycle theft. Complex damages are settled within a maximum of eight days.

This is a whole new dimension in the insurance industry. So far, most startups in the field have been active only as brokers or have focused only on a particular type of insurance. In contrast, ONE acts as an actual insurer, with a license for the entire EU region and its own insurance products in all important areas of life. Stephan Ommerborn, CEO of ONE

ONE brings insurance to the digital world, giving it the ability to tailor its own insurance packages to the customer: The startup offers monthly, cancellable policies that can be flexibly adjusted at any time via the app or the web – for example, changing the sum insured. “The best thing about this is: if a customer remains faultless, we reward him,” says Julian Teicke, CEO of the WeFox Group and co-founder of ONE. Once a year, ONE users can withdraw money, get a discount, or donate the amount to a good cause. “We want to take the bonus system a step back to the original idea of insurance: A group of people withdraw money if one member of the group runs into trouble. If everyone is doing well, then everyone should benefit accordingly.”

Household and third-party liability insurance are just the beginning. In the future, ONE intends to develop from a material insurer to an all-round insurer, true to the chosen company name, ONE.

Today, many customers use different insurance service providers, each with different terms and with different contact persons. In the future, we want to give customers the opportunity to cover all important areas of life with a single policy. Stephan Ommerborn, CEO of ONE

About ONE

ONE is the first 100% digital household & private liability insurance in Europe. Users can take out monthly, cancellable insurance policies via smartphone within a few minutes – initially for household and liability insurance. Damage is reported directly via the app and paid on the same day in 60 percent of cases. With no claims, the customer receives money back – or the opportunity to donate for a good cause.

ONE was created by CEO Stephan Ommerborn in November 2016 and has offices in Vaduz and Berlin. Its partners include the leading reinsurer, Munich RE, and the US software group Salesforce. Through its parent company and investor WeFox Group, global investors such as the Japanese SBI Investment Ltd., Target Global, Mountain Partners, Speedinvest and Horizons and iD Ventures from Silicon Valley have invested a high, double-digit million amount. A variety of German pop singers and Celebrities such as Ashton Kutcher (Sound Ventures) have also invested with other business angels. Since 2017, ONE has been part of the WeFox Group founded by Julian Teicke.

About wefox


wefox. Empowering Insurance.

wefox wurde 2015 von Julian Teicke, Fabian Wesemann und Dario Fazlic gegründet. Das Ziel des InsurTechs: Empowering Insurance - die Versicherungsindustrie vollständig zu digitalisieren und so alle Akteure auf einfachem Wege zusammenzubringen.

Im März 2024 wurde Mark Hartigan zum CEO der wefox Gruppe ernannt, um das Unternehmen in die nächste Wachstumsphase zu führen. Seit der Gründung 2015 hat das Unternehmen seinen Umsatz jährlich gesteigert und 800 Mio. USD im Jahr 2023 erzielt. wefox hat aktuell knapp 3 Mio. Kunden in seinen Märkten Deutschland, Österreich, Italien, Polen, den Niederlanden und der Schweiz.

Im Mai 2023 erweiterte wefox seine Series-D-Finanzierung um 55 Mio. USD und sicherte sich eine zusätzliche RCF in Höhe von 55 Mio. USD von J.P. Morgan und Barclays. Das Unternehmen ist mit 4,5 Mrd. USD bewertet.


wefox. Empowering Insurance.

wefox was founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic. wefox is an insurtech driven by a single purpose: Empowering Insurance - driving the digital transformation of the insurance industry and facilitating seamless collaboration among all stakeholders.

In March 2024, Mark Hartigan was appointed CEO of the wefox Group to lead the company into the next growth phase. Since its founding in 2015, the company has annually increased its revenue and achieved $800 million in 2023. wefox currently has nearly 3 million customers in its markets of Germany, Austria, Italy, Poland, the Netherlands, and Switzerland.

In May 2023, wefox expanded its Series D financing by $55 million and secured an additional RCF of $55 million from J.P. Morgan and Barclays. The company is valued at $4.5 billion

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