Marsh and Wefox Collaborate in Europe
Marsh and Wefox Group are partnering to target the European SME insurance market, with the aim to deliver expanded services to micro small and medium-sized businesses across Continental Europe. The collaboration brings together wefox’s “proprietary technology platform,” its network of independent insurance agents and brokers, and digital insurer ONE, with Marsh’s global commercial insurance capabilities, including Bluestream, its recently-launched digital broker, and Victor Insurance, a managing general underwriter. Through the collaboration, wefox and Marsh will deliver a full range of insurance products to micro SME businesses, including those engaged in the sharing economy, tradespeople, independent retailers, and non-profit organizations. The companies will initially focus on Germany, Austria and Switzerland, with plans to extend across Continental Europe during 2019.
“The collaboration with Marsh is an exciting development for our company. With our combined digital capabilities and underwriting experience, Marsh and wefox will help micro-SME businesses across Continental Europe source their insurance cover in a more efficient way.” – Group CEO of wefox Group, Julian Teicke.
“There are significant opportunities in the micro-SME insurance market, driven by the evolution of the workplace and growing demand for digital solutions. We look forward to working with wefox to deliver innovative solutions to micro SME clients, through our combined distribution and cutting-edge technology platforms.” – President, Global Risk and Digital, Marsh, John Drzik.