WEFOX AWARDED THE DIGITAL TRUST LABEL

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. wefox ist ein Insurtech mit einem einzigen Ziel: Empowering Insurance; die Sicherheit von Menschen gewährleisten, indem wir Versicherungen zugänglich machen. Seit der Gründung 2015 hat das Unternehmen seinen Umsatz jährlich verdoppelt und lag 2022 bei 580 Mio. USD. wefox hat aktuell über 2 Mio. Kunden in seinen Märkten Österreich, Deutschland, Italien, Polen, den Niederlanden und der Schweiz. Im Mai 2023 sicherte sich wefox eine Kreditfazilität von 55 Mio. USD von J.P. Morgan und Barclays und einen zweiten Abschluss seiner Series D in Höhe von 55 Mio. USD ab. wefox 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: enabling people to be safe through empowering insurance. Since launching in 2015, the company has doubled its revenues every year to reach US$580 million in 2022 serving more than 2m customers across Austria, Germany, Italy, Poland, The Netherlands and Switzerland where wefox currently operates. In May 2023, wefox secured US$55m credit facility from J.P. Morgan and Barclays alongside a $55m second close in its series D at US$4.5bn valuation.


Contact details

Related topics

Receive exclusive news

Are you a journalist or do you work for a publication?
Sign up and request access to exclusive news.

Request access

Receive wefox news on your RSS reader.

Or subscribe through Atom URL manually