InsurTech Magazine September 2020 | Page 90

TOP 10

2017

YEAR FOUNDED

Julian Teicke

CEO

Germany COUNTRY

90

04

Wefox Group

Valuation : $ 1.76bn

Dubbing itself a “ dynamic force determined to drive the digital and big data revolution ,” Wefox Group is one of Europe ’ s leading insurtechs . Prioritising the value and security of the data which enables the insurance sector , the company places the ownership of information squarely with customers themselves , even calling data “ a basic human right ”. Founded three years ago by CEO Julian Teicke , the Group consists of two companies : wefox and ONE . Wefox is a simplified digital marketplace for insurance , whilst ONE is a tech disruptor that utilises artificial intelligence ( AI ) and internet of things ( IoT ) to integrate with wefox in order to deliver faster , cheaper and better insurance to users . Regarding ONE , actor Ashton Kutcher commented : “ The way people are buying insurance is changing and ONE is at the forefront of that change .” SEPTEMBER 2020