wefox Appoints Former CEO of Cosmos Direkt as COO

wefox, the Berlin-based digital insurance company, has appointed the former CEO of Cosmos Direkt, Dr David Stachon, as the new chief operating officer (COO).  Dr Stachon takes up his position on 1 July 2021 and will focus on driving the company’s global growth strategy. 

The move comes after wefox recently announced its record Series C investment round of $650m which gave the company a post money valuation of $3bn.

 

Julian Teicke, CEO and founder of wefox, said: “When we announced our record-breaking Series C earlier this month, we were very clear about our intentions. We will invest in technology and growing our global footprint. wefox will be the number one personal insurer within a decade."  

“David’s appointment demonstrates our commitment to achieving these goals. I am confident that with his experience and expertise in insurance and digital technology, he will deliver on our objectives.”

Dr Stachon said: “I am delighted to be joining wefox at such an exciting time and just off the back of a huge Series C investment round. “wefox is already disrupting the industry and is clearly reinventing insurance. Insurance was created to be a force for good.  It was all about people taking care of people.

“At wefox, that’s what insurance is once again. Using technology we make insurance about preventing risk and keeping people safe. I am determined that we will do more of that for more people around the world.”

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About wefox

[GER]

wefox. Insurance. But simple. Europas digitaler Versicherer Nr. 1.

wefox ist ein digitaler Echtzeit-Versicherer. Makler*innen können innerhalb weniger Minuten papierlos Versicherungen für ihre Kund*innen abschließen. Schäden werden digital gemeldet und in über 60 Prozent der Fälle noch am selben Tag beglichen. Policen sind in Deutschland, Italien, Polen und der Schweiz erhältlich.

Der innovative digitale Versicherer wird von CEO Julian Teicke geführt. Zu den Partnern von wefox zählen als führender Rückversicherer die Munich Re sowie der Softwarekonzern Salesforce. Bislang investierten globale Investoren wie die japanische SBI Investments Ltd., Mubadala Ventures aus Abu Dhabi, CreditEase, Target Global, Ashton Kutcher's Sound Ventures, Speedinvest sowie Horizons und iD Ventures aus dem Silicon Valley einen dreistelligen Millionenbetrag.

[ENG]

wefox. Insurance. But simple. Europe's No. 1 digital insurer.

wefox is a digital real-time insurer. Brokers can conclude paperless insurance policies for their clients within a few minutes. Claims are filed digitally and settled on the same day in over 60 percent of cases. Policies are available in Germany, Italy, Poland, and Switzerland.

The innovative digital insurer is led by CEO Julian Tecke. As a leading reinsurer, wefox' partners include Munich Re and the software group Salesforce. So far, global investors such as Japan's SBI Investments Ltd, Mubadala Ventures from Abu Dhabi, CreditEase, Target Global, Ashton Kutcher's Sound Ventures, Speedinvest as well as Horizons and iD Ventures from Silicon Valley have invested a three-digit million amount.