Insurtech giant wefox to raise $250M

The Germany-based insurtech is expected to close the massive funding round next month to hit a $2 billion valuation, per Sky News. Founded in 2015, the insurtech is made up of two business units: wefox and ONE. Wefox is the group's AI-driven business-to-business-to-consumer (B2B2C) operation, where brokers manage end users via wefox's platform.