Young Sohn Appointed as Chairman of the wefox Board

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


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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