wefox, a full-stack digital insurance company based in Berlin, has announced the appointment of Peter Huber, formerly Chief Executive Officer (CEO) at Zurich International, as its Chief Insurance Officer, effective September 20th, 2021.
wefox was founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic. The company’s goal is to make people safe and prevent risk by reinventing insurance at scale through technology.
Huber joins with more than two decades of industry experience, having first joined Zurich in 2013 as CEO for Zurich Global Life in Singapore, before taking over as President Director and CEO of Zurich Topas Life (Indonesia) in 2015.
He joined Zurich from global reinsurer Swiss Re, where he was a Managing Director in the Reinsurance unit based in Switzerland.
Earlier in his career, he served as Regional General Manager, Life & Health for Allianz SE Asia-Pacific, based in Singapore.
wefox founder and CEO, Teicke, commented: “I am delighted to announce Peter’s appointment.He is the second global insurance industry superstar to join us, following our new COO, Dr David Stachon, earlier this year. Peter brings over 20 years of insurance and global business experience to the business. His knowledge together with his proven commercial acumen and leadership skills are second to none.
“We clearly stated our intentions back in June when we announced our record-breaking Series C investment round of $650m – we will invest in technology and growth globally and wefox will be the number one personal insurer within a decade. With Peter’s appointment, I truly expect to see those intentions accomplished.”
Huber said: “I have long believed in the role insurance has to play in sustaining societies and helping to keep people safe by preventing risk. It’s why I joined the industry over 20 years ago. In wefox, I have found an organisation that believes as I do and is taking big, bold, disruptive steps to act upon what is now our shared purpose. wefox is already transforming the industry and making a positive impact. The business is really trying to make the world a better place. I was both impressed and motivated by the strength of passion and belief at wefox. There’s a humility at wefox that is missing in so many organisations. The business is open, engaged and determined.
“The fact that wefox also happens to be the only insurtech that clearly understands how to be successful and is actively doing so, made my decision to join the business an easy one. I am looking forward to joining the team and driving our insurance strategy, innovation and international expansion together with ensuring our enterprise is fit to continue to act upon our purpose today and tomorrow from both human and regulatory perspectives.”