German insurtech targets brokers with free launch

Berlin-based insurtech Wefox Group has launched a slimmed down version of its digital personal lines distribution platform which will be free to insurance brokers across Europe, including the UK. The early release of the Wefoxgo platform follows a 200% uptick in the usage of its video conferencing tool in the wake of the coronavirus pandemic.

The new platform enables insurance brokers to connect their calendars to schedule meetings and conduct consultations via the platform’s video conference functionality enabling both brokers and customers to communicate anywhere with a network connection.

Julian Teicke, chief executive of Wefox Group, said: “There’s a real risk that all brokers’ businesses will be severely impacted by coronavirus. The direct sales of insurance companies will definitely increase from currently nine percent, but online sales of life and health insurance products will sharply decline during the crisis. We are talking about 90 percent of all insurance sales globally being at risk. Therefore, we created WefoxGo to help insurance brokers through this crisis.”

The Wefox Group comprises two integrated but separate digital insurance businesses: Wefox, a digital insurance marketplace connecting brokers and customers to insurers, and One, a digital insurance company.

    Share Story:

YOU MIGHT ALSO LIKE