Wefox

wefox is a digital insurance company based in Berlin, Germany, founded in 2015. It aims to enhance safety and minimize risk by leveraging technology to reinvent the insurance experience. The company primarily sells insurance through intermediaries rather than direct channels, which allows for better customer engagement and satisfaction. By utilizing analytics, wefox achieves superior loss ratios compared to the market average and boasts over 90% straight-through processing. Its central product factory enables rapid and cost-effective innovation in insurance offerings. Additionally, wefox has established a network of thousands of digitally enabled advisors across Europe, which helps to lower customer acquisition costs, enhance cross-selling opportunities, and reduce customer churn. The company's platform also provides policy management, claims settlement services, and quotations for various types of insurance, ensuring that customers receive personalized coverage.