The new brand claim defines the company’s unique position as more than just an insurance company. It paves the way for wefox to also provide a wide range of tech-enabled insurance solutions.
Julian Teicke, CEO and co-founder of wefox, said: “When we founded wefox it was with the simple promise of enabling people to be safe. We set ourselves the task of bringing insurance back to its roots - it had to be simple, easy, and fit for purpose so that people and all that they cherish are safe and protected from risk. We have always used technology to deliver on our promise.”
“Over time we have learned a lot. We have seen gaps in the insurance ecosystem and realised that with the wefox technology platform we could empower more of our peers, brokers, and partners and help keep all of our customers safe.
“Empowering insurance makes sense and is the obvious next milestone in our strategic business maturity. It underscores our commitment to using technology to provide insurance products that meet the needs of today and the uncertainties of tomorrow,” added Mr. Teicke.
wefox is continuing its efforts to develop and refine its proprietary technology platform. The platform uses artificial intelligence, data analytics, and automation to streamline insurance processes, improve risk assessment, and enhance customer experiences, whether the customer is an insurance company, a broker, a partner or customer.
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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