wefox, the Berlin-based digital insurance company, is appointing former president and chief strategy officer of Samsung Electronics, Young Sohn, as the Chairman of the Board. Young’s chairmanship is effective immediately.
Julian Teicke, CEO and founder of wefox, said: “I am delighted to announce Young as our new Chairman. He brings such vision, experience and drive with him which I know are going to be a perfect fit for wefox as we continue to build on our intentions - to invest in technology and growth globally and make wefox the number one personal insurer within a decade – that we stated in June when we announced our record-breaking Series C investment round of $650m giving wefox a post-money valuation of $3bn.”
Mr Sohn said: “It is a privilege to be appointed as the Chairman of wefox. I have watched the business systematically act to realise its vision and put action behind its objectives and its purpose. In reinventing the world of insurance through the deployment of technology, wefox is delivering digital experience and convenience for consumers. I am looking forward to continuing the success of wefox as we innovate, grow and help even more people around the world to be safe.”
About wefox
[GER]
wefox. Empowering Insurance.
wefox ist ein 2015 gegründetes europäisches Insurtech, das ein Ziel verfolgt: Empowering Insurance - die digitale Transformation der Versicherungsindustrie vorantreiben und eine nahtlose Zusammenarbeit zwischen allen Beteiligten ermöglichen.
[ENG]wefox. Empowering Insurance.
Founded in 2015, wefox is a European insurtech driven by a single purpose: Empowering Insurance - driving the digital transformation of the insurance industry and facilitating seamless collaboration among all stakeholders.