Insurtech Wefox integrates Munich Re-backed digital insurer One

Swiss insurtech Wefox, a marketplace for insurance solutions, is integrating Munich Re-backed digital insurer One into its product.

The two companies will continue being legally independent companies but they share the same shareholders.

One will operate as a fully-licensed cover provider and will be integrated into the Wefox platform from September 2017.

Since its start 18 months ago, Wefox has attracted around 300 insurers, 600 brokers and 125,000 clients. Munich Re subsidiary ERGO and Barmenia cooperate with Wefox, according to a June 26 press release.

Munich Re will act as One’s reinsurer. Since January 2017, Munich Re is also supporting One in product development and data analytics.

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