WEFOX SECURES NEW AFFINITY PARTNERSHIP WITH PROPUP

wefox, the Berlin-based insurtech and Austrian proptech start-up, PROPUP - announce a new affinity partnership. 

The partnership aims to use the innovative power and the enormous potential of digital transformation to benefit and protect customers and to make property insurance transactions simple through greater transparency, security and above all efficiency.

Julian Teicke, CEO at wefox said: “Keeping people safe and helping them to protect everything that matters to them has always been at the heart of everything we do. Property is probably one of the greatest investments people make and of course, the right protection in the form of fit for purpose insurance is critical. 

“Our new partnership with PROPUP is not only an excellent demonstration of our digital technology in play to protect the customer, but also a clear validation of the importance of removing the paper jungle usually associated with property and real estate whilst ensuring every customer gets the right insurance for their needs,” added Mr. Teicke. 

Kristof Konstantin, co-founder and co-CEO of PROPUP, said: “By working with wefox, we can expand our offering and now also give our customers access to a wide range of insurance solutions and advice via our platform. Whether it is household insurance, homeowners insurance or other types of insurance.”

Michael Reikersdorfer co-founder and CTO of PROPUP, added: "In addition, wefox , with its technology platform as a hub between customers, insurance brokers and insurance companies, enables us to make insurance processes relevant to our customers in the real estate business more efficient, such as much faster application and processing times for insurance contracts. The protection of customer data as the top priority and the guarantee of the highest security standards were enormously important decision-making factors for the partnership with wefox."

This latest affinity partnership announcement from wefox is another endorsement of the wefox strategy to strengthen distribution capabilities via the global Affinity business. wefox is now delivering on its plans to build a tech platform that enables more companies to distribute insurance products.  

Another important aspect of the partnership is the personalised advice every customer can benefit from. wefox’s platform makes it possible to better understand a customer's insurance profile and to create tailor-made offers. 

PROPUP enables paperless work in real estate transactions and connects sellers, buyers, brokers, notaries, banks, lawyers, property managers and all important players in a real estate transaction. The central figure is the real estate agent, who can handle and digitally map important processes in his workflow via the PROPUP platform, from the submission of the offer to the conclusion of the purchase or rental contract, or his entire property and prospect management. A central PROPUP core function is a completely digitized form system for real estate agents and property managers. In the partnership with wefox, PROPUP is now expanding its service offering in an important core segment of the real estate business.