wefox, which claims to be one of the world’s leading Insurtechs, has appointed Rene Besenbäck as Head of Sales in Austria, with immediate effect.
Rene Besenbäck will be “responsible for delivering sales for wefox Austria and working closely with the Head of Country, Rainer Vogelmann, in building the business to become the number one insurtech in Austria.”
Rene brings extensive retail management experience “in the insurance and risk-mitigation product spheres.” For nine years he worked “for the multinational company Aon as Managing Director for sales and special solutions.”
Vogelmann said:
“We are focused on driving sustainable revenues and profitability in 2023, and so we are doubling down on high-performance sales teams, which is why we hired Rene, whose impressive sales expertise and insurance industry experience will allow us to grow faster in one of our key regions.”
Besenbäck added:
“I am really excited about the opportunity to bring an innovative and sustainable approach to the insurance industry in Austria, being pretty sure that the added value of wefox´ technology will lead clients, partners and insurance companies to a more efficient approach to deal with insurance and risk. I am looking forward to joining the wefox team and continue improving our business in Austria and across Europe.”
As covered, wefox was founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic.
wefox is “a category-defining insurtech platform that is connecting insurance companies, distributors, and customers, to give the world simple access to digital insurance solutions.”
The goal is “to keep people safe by making insurance 10x better through technology.”
wefox is “the parent company of wefox Insurance, which is the in-house regulated insurance carrier.”
As covered last year, wefox, a Germany-based Insurtech, has raised $400 million in a Series D funding round that gave the firm a $4.5 billion “post money” valuation, according to a statement by the company. The funding was in both debt and equity. The company did not share the split.
Mubadala Investment Company led the equity raise with participation from Eurazeo, LGT, Horizons Ventures, OMERS Ventures, and Target Global.
wefox was previously valued at $3 billion, and the company noted they were bucking the trend of lower valuations and down rounds.