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Monday, February 6, 2023

Wefox: Insurance start-up pumped up with questionable deals

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With Wefox, Julian Teicke has built a billion-dollar start-up that should turn the old insurance industry upside down. But the growth is based on well-known methods.

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Collaboration: Hannah Schwär

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In his dreams, he had imagined the job in a start-up to be exactly like this: the CEO drove around the office on his hoverboard between the desks while he negotiated new money with investors. Everyone knew everyone. The working days were long but didn’t feel long – and the bar was always well stocked. This is how Daniel Heller* remembers his beginnings at the insurance start-up Wefox.

Source: Stern

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