WEFOX APPOINTS LAURA ESCHRICHT AS CHIEF MARKETING OFFICER wefox, the world’s leading insurtech, has appointed Laura Eschricht as Chief Marketing Officer, with immediate effect.Julian Teicke, CEO and Founder of wefox said: “It’s a real pleasure to welcome Laura to the wefox team as CMO. She joins us at an exciting time as we continue to deploy our strategy to grow our business and keep more people safe. I have no doubt her extensive knowledge and experience together with her passion and energy will help realise our goals of new markets, new technologies and as always, insurance that is fit for purpose in today’s world.”Eschricht is a seasoned marketing professional with over 15 years of global experience that spans both the beauty and fashion industries with B2B and B2C environments, and includes leading e-commerce retailer Zalando, and global beauty brands amika and Moroccanoil. “I am excited to join wefox and play my part in the insurance revolution,” said Ms Eschricht. “I want to make wefox insurance a truly global product, helping to prevent risk worldwide and keeping more and more people safe. The insurance industry is ripe for a digital transformation as wefox has already proved. I want wefox to become a household name in the global insurance industry. I want wefox to stand for competence, trust and simplicity in the minds of the people we keep safe and, I want to be the most trusted partner for our  brokers.”In July this year, wefox successfully closed a series D round of US$400m giving the company a post-money valuation of US$4.5bn.

WEFOX APPOINTS LAURA ESCHRICHT AS CHIEF MARKETING OFFICER

wefox, the world’s leading insurtech, has appointed Laura Eschricht as Chief Marketing Officer, with immediate effect.

Julian Teicke, CEO and Founder of wefox said: “It’s a real pleasure to welcome Laura to the wefox team as CMO. She joins us at an exciting time as we continue to deploy our strategy to grow our business and keep more people safe. I have no doubt her extensive knowledge and experience together with her passion and energy will help realise our goals of new markets, new technologies and as always, insurance that is fit for purpose in today’s world.”

Eschricht is a seasoned marketing professional with over 15 years of global experience that spans both the beauty and fashion industries with B2B and B2C environments, and includes leading e-commerce retailer Zalando, and global beauty brands amika and Moroccanoil.&nbsp;

“I am excited to join wefox and play my part in the insurance revolution,” said Ms Eschricht. “I want to make wefox insurance a truly global product, helping to prevent risk worldwide and keeping more and more people safe. The insurance industry is ripe for a digital transformation as wefox has already proved. I want wefox to become a household name in the global insurance industry. I want wefox to stand for competence, trust and simplicity in the minds of the people we keep safe and, I want to be the most trusted partner for our&nbsp; brokers.”

In July this year, wefox successfully closed a series D round of US$400m giving the company a post-money valuation of US$4.5bn.

wefox appoints Laura Eschricht as Chief Marketing Officer.

WEFOX CHIEF DATA OFFICER WINS INDUSTRY EXCELLENCE AWARD Robin Jose, Chief Data and Analytics Officer at wefox, has been named as the Chief Data Officer (CDO) of the Year in this years’ Digital Masters Awards. Jose is the latest member of the wefox c-suite to be recognised in the Digital Masters Awards.  Fabian Wesemann, CFO and Founder at wefox won the Excellence in Finance award in 2021.Robin said: “I am incredibly proud to have been recognised as Chief Data Officer of the Year by the Digital Masters Awards. For me it is a testament to our strategy at wefox and my passion for data and analytics. Our focus has always been to keep people safe. We know that the future of insurance will be driven by real-time data. This means insurance products will be modular, timestamped, and IoT-triggered. Product design for a better user experience is essential. I accept the award for myself, my brilliant team and wefox.”Jose joined wefox in 2018 as Chief Data and Analytics Officer. His responsibilities include the development of data science solutions in the company. wefox is pioneering the transformation of insurance to this new paradigm, and is a market leader in the responsible processing of sensitive IoT data.The Digital Masters Awards (DMA) is the only event of its kind, shining a light on the talent within the European tech industry. Now in their ninth year, the DMAs are the benchmark for excellence in digital leadership. Talent continues to be pivotal in the development of the European digital ecosystem, and the awards seek to highlight the unique individuals who have been instrumental in their field.

WEFOX CHIEF DATA OFFICER WINS INDUSTRY EXCELLENCE AWARD

Robin Jose, Chief Data and Analytics Officer at wefox, has been named as the Chief Data Officer (CDO) of the Year in this years’ Digital Masters Awards.&nbsp;

Jose is the latest member of the wefox c-suite to be recognised in the Digital Masters Awards.&nbsp; Fabian Wesemann, CFO and Founder at wefox won the Excellence in Finance award in 2021.

Robin said: “I am incredibly proud to have been recognised as Chief Data Officer of the Year by the Digital Masters Awards. For me it is a testament to our strategy at wefox and my passion for data and analytics. Our focus has always been to keep people safe. We know that the future of insurance will be driven by real-time data. This means insurance products will be modular, timestamped, and IoT-triggered. Product design for a better user experience is essential. I accept the award for myself, my brilliant team and wefox.”

Jose joined wefox in 2018 as Chief Data and Analytics Officer. His responsibilities include the development of data science solutions in the company. wefox is pioneering the transformation of insurance to this new paradigm, and is a market leader in the responsible processing of sensitive IoT data.

The Digital Masters Awards (DMA) is the only event of its kind, shining a light on the talent within the European tech industry. Now in their ninth year, the DMAs are the benchmark for excellence in digital leadership.&nbsp;

Talent continues to be pivotal in the development of the European digital ecosystem, and the awards seek to highlight the unique individuals who have been instrumental in their field.

wefox CDO has been recognised for his brilliance in all things data and analytics in the 2022 Digital Masters Awards.

WEFOX CONTINUES INVESTMENT IN AI AND INNOVATION WITH THIRD TECH HUB OPENING wefox, the world’s leading insurtech, is continuing its investment in AI and innovation with a new tech hub opening.  Based in Milan, Italy, the tech hub is the third of its kind for the business.  The other two are based in Paris, France and Barcelona, Spain. The latest hub will focus on AI to accelerate the wefox strategy. The team will build and deploy cutting edge innovation that continues to break trends in insurtech and disrupt the insurance industry whilst endorsing wefox as a significant tech player.Sergi Baños, Chief Technology Officer at wefox, said: “I am excited by the synergy our customers and business partners will enjoy as a result of the expansion of our tech strategy and the opening of our new tech hub in Milan. We have proved already that AI helps us to increase product innovation, it increases productivity for our brokers, and it reduces fraud. In Milan, we will invent and build new technology to accelerate our embedded insurance products through our affinity partnerships.”“To be able to open our third tech hub off the back of our recent series D fundraising round of $400mn and our post-money valuation of $4.5bn – which is a 50% increase from our valuation last year of $3bn - is a real testament to our business strategy and discipline. We are reimaging insurance through technology. We are helping to keep people safe and prevent risk. We are making insurance 10 times better.”The new tech hub will employ a team of highly skilled tech experts. wefox has grown the business from 650 people in 2021 to more than 1600 today.  ENDS.

WEFOX CONTINUES INVESTMENT IN AI AND INNOVATION WITH THIRD TECH HUB OPENING

wefox, the world’s leading insurtech, is continuing its investment in AI and innovation with a new tech hub opening.&nbsp;

Based in Milan, Italy, the tech hub is the third of its kind for the business.&nbsp; The other two are based in Paris, France and Barcelona, Spain. The latest hub will focus on AI to accelerate the wefox strategy. The team will build and deploy cutting edge innovation that continues to break trends in insurtech and disrupt the insurance industry whilst endorsing wefox as a significant tech player.

Sergi Baños, Chief Technology Officer at wefox, said: “I am excited by the synergy our customers and business partners will enjoy as a result of the expansion of our tech strategy and the opening of our new tech hub in Milan. We have proved already that AI helps us to increase product innovation, it increases productivity for our brokers, and it reduces fraud. In Milan, we will invent and build new technology to accelerate our embedded insurance products through our affinity partnerships.”

“To be able to open our third tech hub off the back of our recent series D fundraising round of $400mn and our post-money valuation of $4.5bn – which is a 50% increase from our valuation last year of $3bn - is a real testament to our business strategy and discipline. We are reimaging insurance through technology. We are helping to keep people safe and prevent risk. We are making insurance 10 times better.”

The new tech hub will employ a team of highly skilled tech experts. wefox has grown the business from 650 people in 2021 to more than 1600 today. 

wefox, the world’s leading insurtech, is continuing its investment in AI and innovation with a new tech hub opening.

WEFOX APPOINTS HELEN HESLOP TO BOARD wefox, the Berlin-based insurtech, has appointed Helen Heslop to the Board. Heslop will serve as a Non-Executive Director and Chair of the Audit Committee, with immediate effect.  Julian Teicke, CEO and Founder of wefox said: “We have always had a clear purpose at wefox – to keep people safe. To achieve that we have a team of brilliant people.  It’s a pleasure to welcome Helen to that team. Her financial experience will without doubt come into its own as we maintain our focus on sustainable growth and profitability.”Helen Heslop said: “I love the vision and the ambition at wefox. It’s exciting to join a company that has a clear strategy of how to improve the insurance experience through technology. I am looking forward to playing my part in the ongoing success of the business.” Heslop, a former internationally experienced finance director, brings more than 20 years of financial services experience to wefox from across banking and insurance sectors, including PWC, GE Capital and Aviva. Heslop’s appointment is the latest in a line of recent Board announcements by wefox, which includes Prince Maximilian von und zu Liechtenstein and former Klarna executive, Hanna Jacobsson.In July this year, wefox successfully closed a series D round of US$400m giving the company a post-money valuation of US$4.5bn.

wefox, the Berlin-based insurtech, has appointed Helen Heslop to the Board. Heslop will serve as a Non-Executive Director and Chair of the Audit Committee, with immediate effect.&nbsp;&nbsp;

Julian Teicke, CEO and Founder of wefox said: “We have always had a clear purpose at wefox – to keep people safe. To achieve that we have a team of brilliant people.&nbsp; It’s a pleasure to welcome Helen to that team. Her financial experience will without doubt come into its own as we maintain our focus on sustainable growth and profitability.”

Helen Heslop said: “I love the vision and the ambition at wefox. It’s exciting to join a company that has a clear strategy of how to improve the insurance experience through technology. I am looking forward to playing my part in the ongoing success of the business.”

Heslop, a former internationally experienced finance director, brings more than 20 years of financial services experience to wefox from across banking and insurance sectors, including PWC, GE Capital and Aviva. Heslop’s appointment is the latest in a line of recent Board announcements by wefox, which includes Prince Maximilian von und zu Liechtenstein and former Klarna executive, Hanna Jacobsson.

Helen Heslop appointed to the wefox Board as NED and Chair of the Audit Committee.

WEFOX APPOINTS HELEN HESLOP TO BOARD

WEFOX CALLS ON INSURANCE INDUSTRY TO IMPROVE CUSTOMER EXPERIENCE ‘Unfair’, ‘complicated’, ‘a waste of money’- findings from the wefox Global Safety Report   wefox, the world’s leading insurtech, has published today the ‘Global Safety Report’. The results show widespread dissatisfaction and lack of trust in the global insurance industry in an era when the customer experience is at a click of a button.It also shows that despite this sentiment and in the face of insurance rates and the rising cost of living, only 13 per cent of respondents would cut back on insurance, even if they were struggling to make ends meet, demonstrating the resilience of the age-old industry.Julian Teicke, CEO and founder at wefox, said: “Our first Global Safety Report has shown exactly what we at wefox have known for a long time - the customer experience sucks - because the sector is not keeping up with the needs of today’s consumer.”“The founding principle of our industry - to keep people safe - is as important today as it has always been. However, we believe that insurance can do more. It needs to go beyond protect and support. We have the power to help keep people safe and prevent risk. That’s the responsibility of our industry.”.“People are now demanding a better customer experience that is simple, convenient and fast. We are already witnessing how technology is delivering a superior level of customer experience from ordering groceries, booking travel or simply paying for their coffee all at a click of a button. Insurance can do the same,” added Mr. Teicke.wefox surveyed more than 12,850 consumers in Germany, Italy, Poland, Switzerland, the UK and the US. The results were illuminating. Forty eight per cent of respondents said the cost of their policies had increased in the last 12 months. Sixty nine percent were worried about being able to afford their policies in the future and 55 per cent didn’t think they were getting a good deal from their insurance provider.Along with a clear appetite for technological change, the wefox Global Safety Report also shows an interest in personalised insurance with 57 per cent of policyholders wanting insurers to use personal data to tailor premiums to their needs. Forty seven percent feel their premiums penalise them for factors outside of their control, such as postcode or profession.Mr. Teicke said: “Insurance is an ancient industry that continues to be crisis resistant. Now is the time for the industry to step up and take care of our customers. The words used by the thousands of consumers we spoke to in compiling this report were that insurance is ‘unfair’, ‘complicated’ and ‘a waste of money’. That’s a long way from ‘protect’, ‘support’ and ‘keep me safe’.”“Technology is transforming industries. Yet the greater part of the insurance industry hasignored the advantages and opportunities that technology can bring. At wefox, we can see that by harnessing the power of technology to drive innovation we can revolutionise the way people not only think about insurance, but how they experience it“Fifty-five percent of consumers who took part in our survey want the industry to offer digital and mobile services, just as banks do. Our customers can use these options.  We cannot allow the customer insurance experience to continue to suck. The insurance industry has to step up.  The time is now,” added Mr. Teicke.The wefox Global Safety Report comes off the back of a recent series D funding round of $400m giving the company a post-money valuation of $4.5bn, a 50 per cent increase from the 2021 valuation of $3bn.

WEFOX CALLS ON INSURANCE INDUSTRY TO IMPROVE CUSTOMER EXPERIENCE

‘Unfair’, ‘complicated’, ‘a waste of money’- findings from the wefox Global Safety Report&nbsp;&nbsp;

wefox, the world’s leading insurtech, has published today the ‘Global Safety Report’. The results show widespread dissatisfaction and lack of trust in the global insurance industry in an era when the customer experience is at a click of a button.

It also shows that despite this sentiment and in the face of insurance rates and the rising cost of living, only 13 per cent of respondents would cut back on insurance, even if they were struggling to make ends meet, demonstrating the resilience of the age-old industry.

Julian Teicke, CEO and founder at wefox, said: “Our first Global Safety Report has shown exactly what we at wefox have known for a long time - the customer experience sucks - because the sector is not keeping up with the needs of today’s consumer.”

“The founding principle of our industry - to keep people safe - is as important today as it has always been. However, we believe that insurance can do more. It needs to go beyond protect and support. We have the power to help keep people safe and prevent risk. That’s the responsibility of our industry.”.

“People are now demanding a better customer experience that is simple, convenient and fast. We are already witnessing how technology is delivering a superior level of customer experience from ordering groceries, booking travel or simply paying for their coffee all at a click of a button. Insurance can do the same,” added Mr. Teicke.

wefox surveyed more than 12,850 consumers in Germany, Italy, Poland, Switzerland, the UK and the US. The results were illuminating. Forty eight per cent of respondents said the cost of their policies had increased in the last 12 months. Sixty nine percent were worried about being able to afford their policies in the future and 55 per cent didn’t think they were getting a good deal from their insurance provider.

Along with a clear appetite for technological change, the wefox Global Safety Report also shows an interest in personalised insurance with 57 per cent of policyholders wanting insurers to use personal data to tailor premiums to their needs. Forty seven percent feel their premiums penalise them for factors outside of their control, such as postcode or profession.

Mr. Teicke said: “Insurance is an ancient industry that continues to be crisis resistant. Now is the time for the industry to step up and take care of our customers. The words used by the thousands of consumers we spoke to in compiling this report were that insurance is ‘unfair’, ‘complicated’ and ‘a waste of money’. That’s a long way from ‘protect’, ‘support’ and ‘keep me safe’.”

“Technology is transforming industries. Yet the greater part of the insurance industry has

ignored the advantages and opportunities that technology can bring. At wefox, we can see that by harnessing the power of technology to drive innovation we can revolutionise the way people not only think about insurance, but how they experience it

“Fifty-five percent of consumers who took part in our survey want the industry to offer digital and mobile services, just as banks do. Our customers can use these options.&nbsp; We cannot allow the customer insurance experience to continue to suck. The insurance industry has to step up.&nbsp; The time is now,” added Mr. Teicke.

The wefox Global Safety Report comes off the back of a recent series D funding round of $400m giving the company a post-money valuation of $4.5bn, a 50 per cent increase from the 2021 valuation of $3bn.&nbsp;

wefox publishes its inaugural Global Safety Report. 

(German below) WEFOX APPOINTS ANOTHER INDUSTRY EXPERT wefox, the world’s leading insurtech, is continuing its investment in industry talent with the appointment of Emanuele Diquattro as Country Head of wefox Switzerland with effect from 1 November 2022.Emanuele Diquattro, current CEO of Adcubum, a leading software provider for the international insurance industry and former long-time member of the Executive Board of Sanitas Versicherungen. He was responsible for IT and sales/marketing in the roles of CIO and CMO at Sanitas Insurance. He joins the business off the back of the recent series D fundraising round of $400mn and the post-money valuation of $4.5bn, which is a 50% increase from the company valuation last year of $3bn.Julian Teicke, CEO at wefox said: “I am delighted to welcome Emanuele to our Swiss business. His unique experience that spans insurance, technology and fintech will be well placed at this point in our business journey. His values and beliefs mirror our business strategy and discipline. He will take a critical role as we continue to reimagine insurance through technology. We are helping to keep people safe and prevent risk.  We are making insurance 10 times better.”Emanuele added: “I am really looking forward to leading and further advancing the wefox Switzerland team and business. There are many exceptional people in wefox who have already achieved tremendous feats. I am passionate about the power of digitisation. wefox is already breaking trends in insurtech and I’m excited to be part of the team that is disrupting and innovating the insurance industry.” Emanuele replaces Jeton Topalli in the role of Country Head, wefox Switzerland. Jeton will remain with wefox Switzerland and will be part of the board of directors. ENDS. Notes to Editors About wefox:  wefox was founded in 2015 by Julian Teicke, Fabian Wesemann and Dario Fazlic. wefox is a full-stack digital insurance company driven by a single purpose: to make insurance 10 times better by reinventing insurance at scale through technology. wefox is the parent company of wefox Insurance, which is the in-house regulated insurance carrier. In July 2022, wefox closed US$400m series D funding round at a post-money valuation of US$4.5bn. In June 2021, wefox closed a world record series C investment round for an insurtech of US$650m with a post-money valuation of US$3bn. Today, wefox is the most valuable insurtech in the world. Since launching in 2015, the company has doubled its revenues every year to reach US$300 million in 2021 and has grown to 1,200 people serving more than 2 million customers across Austria, Germany, Italy, Poland and Switzerland where wefox currently operates. For more information contact: <a href="mailto:john.shewell@gmail.com" target="_blank">John Shewell, </a>Director of Global Communications &amp; Public Affairs - wefox HQ, Ph: +49 (0)1731406796, E-Mail: <a href="mailto:john.shewell@wefox.com" target="_blank">john.shewell@wefox.com</a>Sallyanne Heywood, Communications Consultant, Ph: +44 (0)7884 187 074, E-Mail: <a href="mailto:sallyanne.heywood@ext.wefox.com" target="_blank">sallyanne.heywood@ext.wefox.com</a> German WEFOX ERNENNT WEITEREN BRANCHENEXPERTEN wefox, das weltweit führende Insurtech, setzt seine Investitionen in Branchentalente fort und ernennt Emanuele Diquattro ab 01. November 2022 zum Country Head der wefox Schweiz.Emanuele Diquattro, aktueller CEO der Adcubum, einem führenden Softwarehersteller für die internationale Versicherungsindustrie und ehemaliges, langjähriges Geschäftsleitungsmitglied der Sanitas Versicherungen. Unter anderem war er in den Rollen CIO und CMO verantwortlich für Informatik und Vertrieb/Marketing. Er stösst zu wefox, nachdem das Unternehmen kürzlich seine Serie-D-Finanzierungsrunde in Höhe von 400 Mio. US-Dollar abgeschlossen und eine Bewertung von 4,5 Mrd. US-Dollar erreicht hat – eine Steigerung von 50 % gegenüber der Unternehmensbewertung von 3 Mrd. US-Dollar im letzten Jahr.Juila Teicke, wefox CEO, bekräftigt: «Ich freue mich, Emanuele in unserem Team begrüssen zu dürfen. Mit seiner großen Erfahrung in den Bereichen Versicherung, Technologie und digitaler Transformation ist er an diesem Punkt unserer Reise die perfekte Ergänzung. Seine Werte und Überzeugungen spiegeln unsere Geschäftsstrategie und Ideale wider. Er wird eine entscheidende Rolle dabei spielen, wie wir das Versicherungswesen durch Technologie neu definieren. Wir helfen dabei, die Menschen zu schützen und Risiken zu vermeiden. Wir machen Versicherung 10 Mal besser.» Emanuele Diquattro bestätigt: «Ich freue mich sehr darauf, das Team und das Geschäft der wefox Schweiz zu leiten und gemeinsam weiterzuentwickeln. Es gibt viele außergewöhnliche Menschen bei wefox, die bereits Großartiges geleistet haben. Ich bin begeistert von der Kraft der Digitalisierung. wefox bricht bereits jetzt Trends in der Versicherungsbranche und ich freue mich darauf, Teil des Teams zu sein, das die Versicherungsbranche innoviert.» Emanuele Diquattro löst Jeton Topalli als Country Head, wefox Schweiz, ab. Jeton Topalli wird der wefox Schweiz erhalten bleiben und im Rahmen des Verwaltungsrates der wefox Schweiz Aufgaben wahrnehmen.  ENDE. Hinweise an die Redaktion Über wefox:  wefox wurde 2015 von Julian Teicke, Fabian Wesemann und Dario Fazlic gegründet. wefox ist ein digitales Versicherungsunternehmen, das von einem einzigen Ziel angetrieben wird: Versicherungen 10 Mal besser zu machen, indem man sie durch Technologie neu erfindet. wefox ist die Muttergesellschaft von wefox Insurance, dem hauseigenen regulierten Versicherungsunternehmen. Im Juli 2022 schloss wefox eine Serie-D-Finanzierungsrunde über 400 Mio. US$ mit einer Bewertung von 4,5 Mrd. US$ ab. Im Juni 2021 bereits, schloss wefox eine Weltrekord-Investitionsrunde der Serie C für ein Insurtech in Höhe von 650 Mio. US$ mit einer Post-Money-Bewertung von 3 Mrd. US$ ab. Heute ist wefox das wertvollste Insurtech der Welt.Seit der Gründung im Jahr 2015 hat das Unternehmen seinen Umsatz jedes Jahr verdoppelt, um 2021 300 Millionen US-Dollar zu erreichen, und ist auf 1'200 Mitarbeiter gewachsen, die mehr als 2 Millionen Kunden in Österreich, Deutschland, Italien, Polen und der Schweiz betreuen, wo wefox derzeit tätig ist. Für weitere Informationen wenden Sie sich bitte an: John Shewell, Director of Global Communications &amp; Public Affairs – wefox HQ, Tel: +49 (0)1731406796, E-Mail: <a href="mailto:john.shewell@wefox.com" target="_blank">john.shewell@wefox.com</a>Sallyanne Heywood, Kommunikationsberaterin, Tel.: +44 (0)7884 187 074, E-Mail: <a href="mailto:sallyanne.heywood@ext.wefox.com" target="_blank">sallyanne.heywood@ext.wefox.com</a>

wefox, the world’s leading insurtech, is continuing its investment in industry talent with the appointment of Emanuele Diquattro as Country Head of wefox Switzerland with effect from 1 November 2022.

Emanuele Diquattro, current CEO of Adcubum, a leading software provider for the international insurance industry and former long-time member of the Executive Board of Sanitas Versicherungen. He was responsible for IT and sales/marketing in the roles of CIO and CMO at Sanitas Insurance. He joins the business off the back of the recent series D fundraising round of $400mn and the post-money valuation of $4.5bn, which is a 50% increase from the company valuation last year of $3bn.

Julian Teicke, CEO at wefox said: “I am delighted to welcome Emanuele to our Swiss business. His unique experience that spans insurance, technology and fintech will be well placed at this point in our business journey. His values and beliefs mirror our business strategy and discipline. He will take a critical role as we continue to reimagine insurance through technology. We are helping to keep people safe and prevent risk.&nbsp; We are making insurance 10 times better.”

Emanuele added: “I am really looking forward to leading and further advancing the wefox Switzerland team and business. There are many exceptional people in wefox who have already achieved tremendous feats. I am passionate about the power of digitisation. wefox is already breaking trends in insurtech and I’m excited to be part of the team that is disrupting and innovating the insurance industry.”&nbsp;

Emanuele replaces Jeton Topalli in the role of Country Head, wefox Switzerland. Jeton will remain with wefox Switzerland and will be part of the board of directors.

wefox was founded in 2015 by Julian Teicke, Fabian Wesemann and Dario Fazlic. wefox is a full-stack digital insurance company driven by a single purpose: to make insurance 10 times better by reinventing insurance at scale through technology. wefox is the parent company of wefox Insurance, which is the in-house regulated insurance carrier.&nbsp;

In July 2022, wefox closed US$400m series D funding round at a post-money valuation of US$4.5bn. In June 2021, wefox closed a world record series C investment round for an insurtech of US$650m with a post-money valuation of US$3bn. Today, wefox is the most valuable insurtech in the world.

Since launching in 2015, the company has doubled its revenues every year to reach US$300 million in 2021 and has grown to 1,200 people serving more than&nbsp;2 million&nbsp;customers across Austria, Germany, Italy, Poland and Switzerland where wefox currently operates.

<a href="mailto:john.shewell@gmail.com" target="_blank" rel="noopener noreferrer">John Shewell,&nbsp;</a>Director of Global Communications &amp; Public Affairs - wefox HQ,&nbsp;

Ph: +49 (0)1731406796, E-Mail:&nbsp;<a href="mailto:john.shewell@wefox.com" target="_blank" rel="noopener noreferrer">john.shewell@wefox.com</a>

Sallyanne Heywood,&nbsp;Communications Consultant, Ph: +44 (0)7884 187 074,&nbsp;

E-Mail:&nbsp;<a href="mailto:sallyanne.heywood@ext.wefox.com" target="_blank" rel="noopener noreferrer">sallyanne.heywood@ext.wefox.com</a>

wefox, das weltweit führende Insurtech, setzt seine Investitionen in Branchentalente fort und ernennt Emanuele Diquattro ab 01. November 2022 zum Country Head der wefox Schweiz.

Emanuele Diquattro, aktueller CEO der Adcubum, einem führenden Softwarehersteller für die internationale Versicherungsindustrie und ehemaliges, langjähriges Geschäftsleitungsmitglied der Sanitas Versicherungen. Unter anderem war er in den Rollen CIO und CMO verantwortlich für Informatik und Vertrieb/Marketing. Er stösst zu wefox, nachdem das Unternehmen kürzlich seine Serie-D-Finanzierungsrunde in Höhe von 400 Mio. US-Dollar abgeschlossen und eine Bewertung von 4,5 Mrd. US-Dollar erreicht hat – eine Steigerung von 50 % gegenüber der Unternehmensbewertung von 3 Mrd. US-Dollar im letzten Jahr.

Juila Teicke, wefox CEO, bekräftigt: «Ich freue mich, Emanuele in unserem Team begrüssen zu dürfen. Mit seiner großen Erfahrung in den Bereichen Versicherung, Technologie und digitaler Transformation ist er an diesem Punkt unserer Reise die perfekte Ergänzung. Seine Werte und Überzeugungen spiegeln unsere Geschäftsstrategie und Ideale wider. Er wird eine entscheidende Rolle dabei spielen, wie wir das Versicherungswesen durch Technologie neu definieren. Wir helfen dabei, die Menschen zu schützen und Risiken zu vermeiden. Wir machen Versicherung 10 Mal besser.»&nbsp;

Emanuele Diquattro bestätigt: «Ich freue mich sehr darauf, das Team und das Geschäft der wefox Schweiz zu leiten und gemeinsam weiterzuentwickeln. Es gibt viele außergewöhnliche Menschen bei wefox, die bereits Großartiges geleistet haben. Ich bin begeistert von der Kraft der Digitalisierung. wefox bricht bereits jetzt Trends in der Versicherungsbranche und ich freue mich darauf, Teil des Teams zu sein, das die Versicherungsbranche innoviert.»&nbsp;

Emanuele Diquattro löst Jeton Topalli als Country Head, wefox Schweiz, ab. Jeton Topalli wird der wefox Schweiz erhalten bleiben und im Rahmen des Verwaltungsrates der wefox Schweiz Aufgaben wahrnehmen.&nbsp;

wefox wurde 2015 von Julian Teicke, Fabian Wesemann und Dario Fazlic gegründet. wefox ist ein digitales Versicherungsunternehmen, das von einem einzigen Ziel angetrieben wird: Versicherungen 10 Mal besser zu machen, indem man sie durch Technologie neu erfindet. wefox ist die Muttergesellschaft von wefox Insurance, dem hauseigenen regulierten Versicherungsunternehmen.&nbsp;

Im Juli 2022 schloss wefox eine Serie-D-Finanzierungsrunde über 400 Mio. US$ mit einer Bewertung von 4,5 Mrd. US$ ab. Im Juni 2021 bereits, schloss wefox eine Weltrekord-Investitionsrunde der Serie C für ein Insurtech in Höhe von 650 Mio. US$ mit einer Post-Money-Bewertung von 3 Mrd. US$ ab. Heute ist wefox das wertvollste Insurtech der Welt.

Seit der Gründung im Jahr 2015 hat das Unternehmen seinen Umsatz jedes Jahr verdoppelt, um 2021 

300 Millionen US-Dollar zu erreichen, und ist auf 1'200 Mitarbeiter gewachsen, die mehr als 2 Millionen Kunden in Österreich, Deutschland, Italien, Polen und der Schweiz betreuen, wo wefox derzeit tätig ist.

Für weitere Informationen wenden Sie sich bitte an:

John Shewell, Director of Global Communications &amp; Public Affairs – wefox HQ, 

Tel: +49 (0)1731406796, E-Mail: <a href="mailto:john.shewell@wefox.com" target="_blank" rel="noopener noreferrer">john.shewell@wefox.com</a>

Sallyanne Heywood, Kommunikationsberaterin, Tel.: +44 (0)7884 187 074, 

E-Mail: <a href="mailto:sallyanne.heywood@ext.wefox.com" target="_blank" rel="noopener noreferrer">sallyanne.heywood@ext.wefox.com</a>

wefox, the world’s leading insurtech, is continuing its investment in industry talent with the appointment of Emanuele Diquattro as Country Head of wefox Switzerland with effect from 1 November 2022.


WEFOX APPOINTS ANOTHER INDUSTRY EXPERT

WEFOX CLOSES US$400M SERIES D ROUND wefox, the Berlin-based insurtech, has successfully closed a Series D funding round of $400m and increased its post-money valuation to US$4.5bn. Mubadala Investment Company led the equity raise with participation from EDBI, Eurazeo, Lightrock, the impact investing platform affiliated with LGT, Horizons Ventures, OMERS Ventures and Target Global. The round sees wefox increase its valuation from US$3bn to US$4.5bn in 12 months, bucking the trend currently experienced in the insurtech market and more broadly across the tech sector. Julian Teicke, CEO and founder of wefox, said: “This new valuation of US$4.5 billion is a clear validation of our business model, which focuses on indirect distribution via agents rather than direct. This makes our business one of the most credible insurtechs in the market right now.” “We continue doubling our revenues with last year reaching US$320m. Within the first four months of this year wefox generated more than US$200m in revenues, which keeps us on track to achieve our revenue target of US$600m by the end of 2022. “wefox now has more than two million customers and we aim to reach three million customers by the end of this year. It is further proof that wefox is trusted and testament to our focus on prediction and prevention, rather than the traditional approach of repair and replace. We are making insurance 10 times better through technology. As a result, our customer experience is simple and fit for purpose for the way we live today,” added Mr. Teicke. wefox intends to use the funding for product development and expand across Europe and thereafter Asia and the US. Fabian Wesemann, CFO and founder of wefox, said: “wefox is in the strongest position ever.  In successfully closing this funding round we reinforce our strategy and enable faster acceleration on our path to greater revenues and profit.” “This additional investment is a strong validation from the investor community of our indirect model, which allows us to be cash efficient and is another testament to our continuous performance even in turbulent times. wefox has a proven model and a sustainable track record to replicate globally, for which the additional funds will be used. “Our model ensures we deliver a stronger financial profile with a clear path to profitability. This is vital at all times but especially in the current economic climate which demands greater financial discipline,” added Mr. Wesemann. Ibrahim Ajami, Head of Ventures and Growth at Mubadala, said: “Unlike most direct to consumer insurtechs, wefox acts as an ecosystem enabler - empowering the various distribution channels instead of competing with them. This model has allowed wefox to scale quickly and sustainably, providing brokers and customers alike a platform that seamlessly digitizes the insurance market.” Despite the current economic climate, wefox remains one of the very few tech companies still recruiting, with more than 1300 employees in the company today up from 550 employees in 2021. wefox expects to reach 2000 employees by the end of 2022. wefox is a fully licensed digital insurance company that sells insurance through intermediaries and not directly to customers, which has resulted in significant growth. Earlier this year, wefox appointed Prince Max von zu Liechtenstein to the board alongside former Klarna executive, Hanna Jacobsson. In December of last year, wefox appointed former president of Samsung Electronics, Young Sohn as chairman of the board. Ends/

wefox, the Berlin-based insurtech, has successfully closed a Series D funding round of $400m and increased its post-money valuation to US$4.5bn.

Mubadala Investment Company led the equity raise with participation from EDBI, Eurazeo, Lightrock, the impact investing platform affiliated with LGT, Horizons Ventures, OMERS Ventures and Target Global.

The round sees wefox increase its valuation from US$3bn to US$4.5bn in 12 months, bucking the trend currently experienced in the insurtech market and more broadly across the tech sector. 

Julian Teicke, CEO and founder of wefox, said: “This new valuation of US$4.5 billion is a clear validation of our business model, which focuses on indirect distribution via agents rather than direct. This makes our business one of the most credible insurtechs in the market right now.”

“We continue doubling our revenues with last year reaching US$320m. Within the first four months of this year wefox generated more than US$200m in revenues, which keeps us on track to achieve our revenue target of US$600m by the end of 2022.

“wefox now has more than two million customers and we aim to reach three million customers by the end of this year. It is further proof that wefox is trusted and testament to our focus on prediction and prevention, rather than the traditional approach of repair and replace. We are making insurance 10 times better through technology. As a result, our customer experience is simple and fit for purpose for the way we live today,” added Mr. Teicke.

wefox intends to use the funding for product development and expand across Europe and thereafter Asia and the US.

Fabian Wesemann, CFO and founder of wefox, said: “wefox is in the strongest position ever.&nbsp; In successfully closing this funding round we reinforce our strategy and enable faster acceleration on our path to greater revenues and profit.”

“This additional investment is a strong validation from the investor community of our indirect model, which allows us to be cash efficient and is another testament to our continuous performance even in turbulent times. wefox has a proven model and a sustainable track record to replicate globally, for which the additional funds will be used.

“Our model ensures we deliver a stronger financial profile with a clear path to profitability. This is vital at all times but especially in the current economic climate which demands greater financial discipline,” added Mr. Wesemann.

Ibrahim Ajami, Head of Ventures and Growth at Mubadala, said: “Unlike most direct to consumer insurtechs, wefox acts as an ecosystem enabler - empowering the various distribution channels instead of competing with them. This model has allowed wefox to scale quickly and sustainably, providing brokers and customers alike a platform that seamlessly digitizes the insurance market.”

Despite the current economic climate, wefox remains one of the very few tech companies still recruiting, with more than 1300 employees in the company today up from 550 employees in 2021. wefox expects to reach 2000 employees by the end of 2022.

wefox is a fully licensed digital insurance company that sells insurance through intermediaries and not directly to customers, which has resulted in significant growth. Earlier this year, wefox appointed Prince Max von zu Liechtenstein to the board alongside former Klarna executive, Hanna Jacobsson. In December of last year, wefox appointed former president of Samsung Electronics, Young Sohn as chairman of the board.

wefox, the Berlin-based insurtech, has successfully closed a Series D funding round of $400m (comprising equity and debt) and increased its post-money valuation to US$4.5bn.

WEFOX CLOSES US$400M 

WEFOX REACHES TWO MILLION CUSTOMERS wefox, the Berlin-based digital insurance company, now serves two million customers making it one of the first insurtechs to reach the milestone.Julian Teicke, CEO and founder of wefox, said: “We’ve always been very clear about why wefox exists. We want to help people prevent risk and stay safe. We set out to disrupt an ancient industry and reinvent it using technology.” “As a result, our insurance is simple and fit for purpose for the way we live today. Our customers enjoy new standards of insurance and service. And if the worst happens, we pay claims fast.”“Reaching two million customers is proof that wefox is trusted. It demonstrates that our unique business model works and its testament to our focus on making insurance 10 times better through technology that keeps people safe,” added Mr Teicke.wefox continues to double its revenues every year on track reaching $350m in revenues in 2021. The company already generated more than $200m in the first four months of business this year and is on track to reach its target for 2022. wefox has grown the business from 550 people in 2021 to more than 1300 today and aims to continue hiring. Earlier this month, wefox announced the appointment of Prince Maximilian von und zu Liechtenstein and former Klarna executive, Hanna Jacobsson, to its board.

wefox, the Berlin-based digital insurance company, now serves two million customers making it one of the first insurtechs to reach the milestone.

Julian Teicke, CEO and founder of wefox, said: “We’ve always been very clear about why wefox exists. We want to help people prevent risk and stay safe. We set out to disrupt an ancient industry and reinvent it using technology.” 

“As a result, our insurance is simple and fit for purpose for the way we live today. Our customers enjoy new standards of insurance and service. And if the worst happens, we pay claims fast.”

“Reaching two million customers is proof that wefox is trusted. It demonstrates that our unique business model works and its testament to our focus on making insurance 10 times better through technology that keeps people safe,” added Mr Teicke.

wefox continues to double its revenues every year on track reaching $350m in revenues in 2021. The company already generated more than $200m in the first four months of business this year and is on track to reach its target for 2022. 

wefox has grown the business from 550 people in 2021 to more than 1300 today and aims to continue hiring. Earlier this month, wefox announced the appointment of Prince Maximilian von und zu Liechtenstein and former Klarna executive, Hanna Jacobsson, to its board.

wefox serves two million customers making it one of the first insurtechs to reach the milestone. 

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