wefox, the world's leading insurtech, has been awarded the Digital Trust Label by The Swiss Digital Initiative, a Geneva based independent foundation for advancing digital trust and transparency globally.
This Label recognizes wefox's commitment to data protection and information transparency. The Label serves as an assurance to customers and partners of the trustworthiness of the company's digital services.
Ravindra Nath, Chief Information Officer of wefox, said: “Building trust with customers is essential for insurance companies. Our customers need to be confident that their personal and financial information is safe, and that their claims will be handled with fairness and professionalism. wefox's commitment to transparency and data protection helped to establish a reputation for reliability, which in turn attracted more customers and investors”.
The Digital Trust Label was developed by the Swiss Digital Initiative, which advances digital ethics and trust through practice-oriented projects. wefox is the first non-Swiss company to receive the Label, which highlights the company's commitment to adhering to business regulations and standards.
The Digital Trust Label provides a third-party validation for companies to demonstrate their compliance with the Label criteria that was developed in a collaborative effort during 2 years and gives a solid definition of digital trust. . The Label criteria are divided into four categories: Security, Data Protection, Reliability, and Fair User Interaction, comprising a total of 35 criteria. The certification process is based on a catalogue of standards, such as ISO 27001, ISO 22301 and GDPR.
About wefox
[GER]
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.
[ENG]
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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