Munich Re backed carrier ONE acquired by InsurTech wefox

A digital insurance carrier backed and reinsured by global player Munich Re is to be integrated into InsurTech start-up wefox’s platform as an innovation partner from September 2017, as wefox acquires ONE. Fintech image via George Washington UniversityWefox said that it is integrating digital insurer ONE, which was launched in 2016 by former Zurich Insurance Group executive Stephan Ommerborn, in order to “keep pace with the digital revolution.”