wefox reaches two million customers

By Edlyn Cardoza

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,” Teicke continued.

“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 Teicke.

The Company continues to double its revenues every year, reaching $350 million in revenues in 2021. The company already generated more than $200 million 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, the Company announced the appointment of Prince Maximilian von und zu Liechtenstein and former Klarna executive Hanna Jacobsson to its board.

wefox was founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic. It is a digital insurance company driven by a single purpose: to make insurance 10x better by reinventing insurance at scale through technology. The Company is the parent company of wefox Insurance, the in-house regulated insurance carrier.