Digital Manager Wefox acquires digital insurance carrier One
Berlin-based digital manager Wefox, formerly known as FinanceFox, announced that it has acquired emerging insurer One, which is set to launch in September 2017 . The terms remained undisclosed. “With mobile claims reporting, claims can be settled, and in 60% of claims the money will be transferred into a customer’s account in under a minute” – says One. And here’s what Wefox had to say:
On a similar note, back in April, digital insurance manager and a Wefox competitor, GetSafe, ditched the term ‘manager’ in exchange for ‘provider’ when it announced it will operate as an insurance carrier, making plans to offer its own policies starting with liability coverage. Recall emerging digital insurers below.