wefox offers a cloud‑native platform that consolidates insurance distribution and MGA services for European brokers and multi‑agent networks. Through a web‑based portal and open APIs, users can obtain real‑time quotes, issue policies, and access automated underwriting for niche products, while analytics and compliance tools provide portfolio insight and regulatory adherence.
Funding
$1.9B raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+7Founders
Product
Problem
Insurance distribution across Europe remains fragmented, with brokers and multi‑agents relying on legacy, paper‑based processes and disconnected carrier systems. This limits their ability to offer fast quotes, transparent risk advice, and access to specialized underwriting capacity such as term‑life MGA products.
Solution
wefox operates a cloud‑native insurance platform that unifies digital distribution and Managing General Agent (MGA) services for the European market. The platform provides brokers and multi‑agents with a single, web‑based interface to obtain real‑time quotes, issue policies, and manage the full policy lifecycle. Integrated risk‑advice tools combine actuarial data and underwriting rules to deliver personalized coverage recommendations. For specialized lines, the MGA engine underwrites and administers policies on behalf of carrier partners, enabling rapid product rollout without the need for carriers to build their own infrastructure. The solution is delivered via open APIs and a white‑label portal, allowing partners to embed the functionality into their own brand experiences while maintaining compliance with local regulations. Data is stored in a GDPR‑compliant environment with end‑to‑end encryption and role‑based access controls. Analytics dashboards give brokers insight into portfolio performance and help insurers monitor risk exposure across markets.
Target Audience
Primary customers are independent insurance brokers, multi‑agent networks, and MGA partners seeking a scalable digital distribution channel across European markets. The platform also serves insurers that want to outsource niche underwriting and leverage a unified distribution layer.
Features
- Web‑based broker portal with real‑time quoting, policy issuance, and document management
- Multi‑agent dashboard supporting bulk onboarding, commission tracking, and cross‑border operations
- MGA underwriting engine for niche products (e.g., term‑life) with automated risk scoring and pricing rules
- Open RESTful APIs and white‑label SDKs for seamless integration into partner websites or mobile apps
- GDPR‑aligned data architecture, end‑to‑end encryption, and role‑based access controls for security and compliance
- Real‑time analytics and reporting suite showing loss ratios, renewal forecasts, and market trends
- Localization framework covering Austria, Switzerland, the Netherlands, and additional European jurisdictions
- Automated compliance checks and regulatory reporting tools built into the policy lifecycle