Insurtech wefox Partners with Green & Advanced Transport Ecosystem (GATE)

wefox, which claims to be one of the world’s leading insurtechs, and GATE (Green & Advanced Transport Ecosystem), have formed a new partnership that uses digital solutions and a pay-per-use formula for the long-term rental of electric commercial vehicles, founded by Iveco Group.

The multi-year deal will “support GATE in revolutionizing electric commercial transport through a pay-per-use formula, innovative and long-term rental.”

GATE says that it is a pioneering digital service that “unlocks the future of the mobility business.”

This first phase will see GATE “supply an all-inclusive offer, devised in three flexible packages, providing clients a world of benefits in each kilometre.”

The solution reportedly “includes 100% green vehicles, a digital ecosystem of services, maintenance & repair, telematics, recharging and insurance.”

Julian Teicke, CEO at wefox said:

“Our new deal with GATE from IVECO is another endorsement of our strategy to strengthen our distribution capabilities via our global Affinity business. We are now delivering on our plans to build a tech platform that enables more companies to benefit from insurance products. Our partnership with GATE is exactly that in action.”

Customized insurance products are embedded in GATE’s rental offer for electric commercial vehicles.

Working to the company’s specific needs, wefox identified “the best products and supported GATE, enabling an all-inclusive formula. wefox will also manage the insurance chain from beginning to end via the organisation’s third tech hub in Milan.”

The entire operation is digital, according to today’s needs and GATE’s fully digital ecosystem.

Simone Olivati, President, Financial Services, Iveco Group, and Head of GATE:

“GATE is an exciting new opportunity for the world of goods transport and bringing a fully electric rental service to market, complete with insurance in play, allows our new business to exceed the needs and expectations of our customers. wefox is a natural choice for us. They believe in teamwork, collaboration and aren’t afraid of pushing boundaries. The combination of the wefox business model, knowledge, newly developed international scale and their technology platform was a perfect fit.”

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.”

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