German Insurtech Wefox Plans to Launch Product that Warns of Looming Danger

BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke told Reuters on Thursday.

The product, to be called Wefox Prevent, is being developed by a Paris-based team recently hired from Samsung, the Korean electronics giant that has also backed Wefox, and is expected to go live next year.