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 company is working with a number of insurers on an "insurance-as-a-service" model that allows customers to access their own medical records from any device or mobile device.
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.