SlideShare a Scribd company logo
reinventing
insurance at
scale
Robin Jose
Chief Analytics Officer
“I can drive the car out of showroom
tomorrow”
Week 1
Desperation as I still do not have the
insurance
Week 2
My Car Insurance Journey
How long does an auto insurance take?
2
Relief that it’s finally over!
Week 3
“Everything should be made as simple as possible, but not simpler”
attributed to Einstein
4
Our Vision : “Win-Win-Win“ !
Distribution Customer
Insurer
5
A digital marketplace connects the
shared interests between customers,
distribution and insurers through
technology.
The wefox Marketplace
6
Building the Amazon of Insurance
Insurer
CustomerDistributionFor Distribution
2x-10x revenue growth
Easier to do business
Loyal customers
For customers
Convenience
Chatbot and Human Support
Trusted Advisor
For insurers
Loyal Customers
Targeted Sales Growth
Innovation without disruption
6
“AI is eating Software”
Jensen Huang, 2017
“Software is eating the world”
Marc Andreessen, 2011
Building a Smart Digital Marketplace
Creating the Win-Win-Win with the power of Smart Software
Success
Provide a seamless
experience to the
customer throughout
the insurance journey
Global
A scalable platform that works can easily scale
across the world
Intuitive
Understand the changing needs of the customer,
and offer products in real-time
Convenience
Intelligently automate the purchase of the right
insurance products and benefitting from them.
Trust
The journey doesn’t end when customer buys a
product. It continues through the life of the
product.
8
Wien
Berlin
Zürich
Barcelona
Largest insurtech in Europe
9
170 employees
across 4 offices
>300k
customers
EUR
>300m
GWP
EUR 15m
2nd year
revenue
EUR 50m
2018 revenue
run rate
>450k
policies under
management First fully
digital
European
carrier
Sep 2015
went live
reinventing
insurance at
scale
robin.jose@wefox.com

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DN18 | Reinventing Insurance at Scale | Robin Jose | Wefox

  • 2. “I can drive the car out of showroom tomorrow” Week 1 Desperation as I still do not have the insurance Week 2 My Car Insurance Journey How long does an auto insurance take? 2 Relief that it’s finally over! Week 3
  • 3. “Everything should be made as simple as possible, but not simpler” attributed to Einstein
  • 4. 4 Our Vision : “Win-Win-Win“ ! Distribution Customer Insurer
  • 5. 5 A digital marketplace connects the shared interests between customers, distribution and insurers through technology.
  • 6. The wefox Marketplace 6 Building the Amazon of Insurance Insurer CustomerDistributionFor Distribution 2x-10x revenue growth Easier to do business Loyal customers For customers Convenience Chatbot and Human Support Trusted Advisor For insurers Loyal Customers Targeted Sales Growth Innovation without disruption 6
  • 7. “AI is eating Software” Jensen Huang, 2017 “Software is eating the world” Marc Andreessen, 2011
  • 8. Building a Smart Digital Marketplace Creating the Win-Win-Win with the power of Smart Software Success Provide a seamless experience to the customer throughout the insurance journey Global A scalable platform that works can easily scale across the world Intuitive Understand the changing needs of the customer, and offer products in real-time Convenience Intelligently automate the purchase of the right insurance products and benefitting from them. Trust The journey doesn’t end when customer buys a product. It continues through the life of the product. 8
  • 9. Wien Berlin Zürich Barcelona Largest insurtech in Europe 9 170 employees across 4 offices >300k customers EUR >300m GWP EUR 15m 2nd year revenue EUR 50m 2018 revenue run rate >450k policies under management First fully digital European carrier Sep 2015 went live