Wefox
Founded Year
2015Stage
Convertible Note - II | AliveTotal Raised
$1.546BLast Raised
$27M | 4 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-11 points in the past 30 days
About Wefox
Wefox is an insurtech company that provides a platform connecting insurance companies, brokers, businesses, and customers for digital insurance solutions. The company offers a comprehensive ecosystem that facilitates the launch of new insurance products, enhances broker advisory capabilities, and integrates insurance services into business offerings. Wefox also focuses on ensuring customer safety and support through its platform. It was founded in 2015 and is based in Berlin, Germany.
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ESPs containing Wefox
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The insurtech producers — home market comprises insurtech agents, brokers, distributors, and other intermediaries that provide homeowners and renters insurance. Customer experience initiatives — particularly those focused on improving the ease of insurance sales and policy management for insureds — are often a focus of these companies. This market excludes managing general agents.
Wefox named as Leader among 11 other companies, including PolicyGenius, Insurify, and The Zebra.
Wefox's Products & Differentiators
Insurance product builder
Drag and drop tool to configure and launch digital products to market. Product can be connected to any external distribution channel via APIS and allow 100% digital quote and bind processes with dynamic customer journeys.
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Research containing Wefox
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Wefox in 5 CB Insights research briefs, most recently on Aug 7, 2023.
Expert Collections containing Wefox
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Wefox is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,249 items
Fintech 100
999 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Insurtech
4,363 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
13,413 items
Excludes US-based companies
Insurtech 50
100 items
Report: https://app.cbinsights.com/research/report/top-insurtech-startups-2022/
Latest Wefox News
Sep 20, 2024
Ex-interim chief to remain as chairman Share Joachim Müller (pictured), former chief executive of Allianz Global Corporate & Specialty and Allianz Commercial, has joined insurtech Wefox as CEO. He takes over from chairman Mark Hartigan, who simultaneously functioned as interim chief executive while Wefox was restructuring. Remaining as Wefox chair, Hartigan said: “We are very pleased to have gained such an experienced insurance manager like Joachim Müller for Wefox. We are confident that together we can create the basis for a successful and sustainable future for our company. “I welcome him to the Wefox family and look forward to working with him.” The company’s board also extended gratitude to Hartigan for his stint as interim CEO. “Under his executive leadership, Wefox successfully streamlined its operations, and made key strategic decisions to focus on core businesses that promise long-term value and sustainability,” the highlighted said in its CEO succession announcement. “These changes have better positioned Wefox for future profitable growth. Mark will further support… carrier Wefox Insurance AG where Wefox remains fully committed to all its regulatory duties.” In July, the European insurtech completed two transactions to exit the German insurance market as part of the refocusing of its portfolio.
Wefox Frequently Asked Questions (FAQ)
When was Wefox founded?
Wefox was founded in 2015.
Where is Wefox's headquarters?
Wefox's headquarters is located at Am Karlsbad 16, Berlin.
What is Wefox's latest funding round?
Wefox's latest funding round is Convertible Note - II.
How much did Wefox raise?
Wefox raised a total of $1.546B.
Who are the investors of Wefox?
Investors of Wefox include Target Global, Chrysalis Investments, UniCredit, Deutsche Bank, Barclays Bank and 44 more.
Who are Wefox's competitors?
Competitors of Wefox include Feather, ELEMENT, Insly, Bolttech, TONI Digital and 7 more.
What products does Wefox offer?
Wefox's products include Insurance product builder and 4 more.
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Compare Wefox to Competitors
GetSafe operates in the insurance industry. It offers a range of insurance services, including personal liability, contents, and income protection insurance, all managed through a dedicated app. Its primary customer base includes individuals seeking easy-to-manage, flexible insurance solutions. The company was founded in 2015 and is based in Heidelberg, Germany.
Qover specializes in insurance orchestration within the insurance sector. The company offers a platform-as-a-service to enable businesses to integrate insurance services into their digital experiences, including claims management and customer support. Qover primarily serves sectors that require integrated insurance solutions, such as fintech, automotive, retail, and the gig economy. It was founded in 2016 and is based in Brussels, Belgium.
Allianz is a company that focuses on providing insurance services in various sectors. The company offers a wide range of insurance products, including auto, home, life, and business insurance, as well as digital services such as claims management and assistance. It primarily serves individuals and businesses seeking insurance coverage. It is based in Munich, Germany.
TONI Digital is a company that focuses on innovating in the insurance industry. The company offers a white-label solution that allows insurers, brokers, and distribution partners to create and offer tailored insurance products to their customers. These products cover a range of areas including car, building, travel, life, and household insurance. It was founded in 2017 and is based in Zurich, Switzerland.
Lovys operates as a digital insurance provider offering an all-in-one subscription service. The company provides a range of insurance products including home, auto, pet, smartphone, health, and borrower's insurance, all manageable online with customizable coverage options and a monthly payment model. It primarily serves insurance sector. The company was founded in 2017 and is based in Paris, France.
Muffin is a company that specializes in providing digital insurance advice and developing software for the insurance industry. The company offers impartial and bespoke insurance guidance, utilizing a wide range of insurance products to cater to individual customer needs. Muffin's services are accessible in multiple languages and are explained using easy-to-understand infographics. It was founded in 2021 and is based in Berlin, Germany.
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