WEFOX APPOINTS DR. GÜNTHER BLAICH AS COUNTRY HEAD FOR GERMANY

wefox, the world's leading insurtech, has announced the appointment of Dr. Günther Blaich (46) as the Country Lead for Germany. Effective immediately, Dr. Blaich will be responsible for leading wefox Germany and driving the company's growth and profitability strategy.

Dr. Blaich brings with him an impressive insurance pedigree, with over two decades of experience in various senior management roles in sales, product management, and operations within the Swiss Life Group servicing the sales organisations horbach, Proventus, tecis, and Swiss Life Select. Prior to joining wefox, Dr. Blaich was Managing Partner for Franke und Bornberg Research in Germany, where he was responsible for the expansion of their platform strategy.

Peter Huber, Chief Insurance Officer of wefox, said: “We are delighted to welcome Dr. Blaich to our team. His management experience in financial services product worlds and his expertise, especially in process optimization, are second to none. The affinity business is also an important part of our hybrid sales strategy and has remained completely untouched in Germany. With Dr. Blaich, we now have a new colleague who shares our passion for digital sales processes.”

 

wefox focuses on indirect distribution (B2B), which also includes the affinity business in which insurance products are distributed through selected partners in other industries and can often be embedded in existing products.

Dr. Blaich said: “wefox has the broadest distribution of its business lines in the German insurance market. In addition to process optimization, we will also focus on the implementation and linking of these business models in the future in order to form the basis for the development of the upcoming wefox platform. That's why I'm all the more pleased to have found a team in wefox that combines their top experience from the classic insurance world with their identity as a technology company. For me, the wefox principle is not a one-hit wonder, but the future.”

Julian Teicke, CEO of wefox said, “We are very pleased that Dr. Blaich will strengthen our team in Germany. He is the latest in a line of appointments by insurance industry figures. His experience and knowledge will make an important contribution to leading our German business to sustainable earnings and profitability by 2024."

 

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.


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