The insurtech, wefox, has opened a new technology center in Italy, specifically in Milan, in addition to the other two centers located in Paris and Barcelona. In this way, the startup will create and develop solutions that will continue to set trends in the sector, as well as in the insurance industry, in addition to supporting wefox as a major technology player.
This new center will mean a narrowing and strengthening of relations with Italy, thanks to the support that it will provide due to the global structure for which the company is betting. In addition, it implies an opportunity for growth and an improvement of its positioning both in the Iberian and European markets.
Sergi Bañostechnological director of wefox, assures that: “I am very happy with the great work that our customers and business partners will be able to enjoy thanks to the expansion of our technological strategy and the opening of our new Tech Hub in Milan. Throughout these years, we have already been able to demonstrate that AI helps us improve product innovation, as well as boost the productivity of our brokers and reduce fraud. In Milan, we will create and build new technologies to accelerate the development of our embedded products through our partners and partners.”
«Opening this third technology center following our recent $400 million Series D funding round and our $4.5 billion valuation, which is an increase of 50% over our valuation last year of 3,000 million dollars, is a true milestone in our business strategy and discipline. We are reinventing insurance through technology; helping to keep people safe, preventing risks and making insurance 10 times better.”
The new technology center employ a team of 150 experts Highly skilled in technology. Despite the current economic situation, wefox is one of the few technology companies that is still hiring. With around 1,600 employees today, up from 650 in 2021, it expects to reach 2,000 by the end of 2022.
Tech Hub in Barcelona, leader of the company’s technological development
The technology center located in Barcelona has been key throughout wefox’s history to position them where they are now. This center is considered the driving force of the company and pursues a clear objective: to revolutionize the insurance sector. Thanks to the great technological equipment that the company has in Barcelonathey can be in charge of the development of the platform and the products for their digital clients at the same time.
This center has with more than 100 expert engineers specialized in best practices software development, creating a robust and visionary platform for wefox stakeholders and customers.
Other aspects that make the Barcelona technology center special is its firm commitment to diversity and inclusion through different actions, such as its mentoring program, which this year will celebrate its second edition in autumn. Through this program, which is having great success, they have been able to incorporate talent into the company that normally does not have the opportunity to join the IT industry, such as people at risk of exclusion and women. Clear evidence of the success of this program is that, today, the Hub’s female talent ratio is one of the highest in the local industry.
