Insurance technology group Wefox has claimed its new digital start - up , ONE , will dominate the insurance industry . Insurance , in addition to banking , insurance and services , has " not even slightly been disrupted by technology " , said Wefox CEO Julian Teicke . The cloud - based ONE platform , launching in September , aims to provide a more customer - driven approach to insurance , including a simple payment mechanism , flexibility of cover in real time , instant payment on claims and rewards for customers .
Insurance technology group Wefox has claimed its new digital start-up, ONE, will disrupt the insurance industry. Insurance, in contrast to banking, energy and services, has "not even slightly been disrupted by technology", said Wefox CEO Julian Teicke. The smartphone-based ONE platform, launching in September, aims to provide a more customer-driven approach to insurance, including a simple payment system, flexibility of cover in real time, instant feedback on claims and rewards for customers.