wefox, which claims to be one of many world’s main Insurtechs, has launched its international affinity enterprise, which connects insurance coverage firms with companions to distribute insurance coverage merchandise.
This new enterprise “will increase the prevailing distribution channel for wefox and extends the corporate’s capacity to ship insurance coverage merchandise via companions.” The crew, led by Tomaso Mansutti and Pierfrancesco Ricca, will likely be “focusing on a world market value round US$3 trillion in simply embedded insurance coverage alone.”
Tomaso Mansutti, Group Head of Worldwide Partnerships at wefox mentioned:
“In taking our affinity enterprise international we aren’t solely endorsing our affinity data and expertise, but additionally making certain each one in every of our companions advantages from extra than simply merchandise and repair options. We are going to proceed to develop bespoke insurance coverage merchandise for our affinity clients, however for us, mutually profitable affinity enterprise can also be about tradition and authenticity. We collaborate and all the time place our clients on the coronary heart of each choice we take collectively.
Mr. Mansutti added:
“wefox delivers progressive options throughout channels that empower our companions with new income streams and improve buyer loyalty. The know-how wefox affords creates new alternatives, from insurance coverage embedded in electrical energy for brand new mobility, to new underwriting capabilities utilizing completely new variables. All that is provided to insurance coverage carriers for our companions,”
Pierfrancesco Ricca, Group Head of Affinity Partnerships, mentioned:
“This can be a excellent match and an enormous market alternative for wefox. By our current capabilities, expertise and business data throughout insurance coverage, distribution and know-how, we’ll ship worth for our clients and succeed on this house. We’re an insurance coverage enterprise enabler. wefox delivers end-to-end digital journeys, from selling and promoting services via our companions channels, to managing renewals, upselling and cross promoting, claims and an in depth and common reporting system on the progress of all the program.”
Mr. Ricca continued:
“Our mannequin permits our companions to make affinity insurance coverage a core a part of their enterprise and be sure that they preserve full management. That is achieved via our easy and clear course of. Now we have constructed stable programs and processes and may simply combine with all of the stakeholders to make sure strong compliance, buyer satisfaction and the best enterprise efficiency, whatever the complexity of the enterprise by way of product options, insurers – one of the best performing one for every product – channels and third events or nations concerned.”
In Germany, the brand new Nation Head, Guenther Blaich, will “lead the native affinity enterprise.”
Final November “noticed two additions to the crew: Thomas Rettenwander joined the crew to guide the affinity enterprise for Austria, and Daniele Del Bo was appointed as Group Enterprise Improvement Director for Affinity Automotive. Different hires are within the course of.”
As lined, wefox was “based in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic.”
wefox is “a category-defining insurtech platform that’s connecting insurance coverage firms, distributors, and clients, to offer the world easy entry to digital insurance coverage options.”
The aim is “to maintain folks protected by making insurance coverage 10x higher via know-how. wefox is the father or mother firm of wefox Insurance coverage, which is the in-house regulated insurance coverage service.”
