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Berlin based insurtech platform raised $110m in a second tranche of a Series B at a $1.65m pre-money valuation led by Omers Ventures.
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Perhaps more significantly, Teicke says One’s loss ratio (what percentage of premiums earned is subsequently paid out in claims) is below 40%, which is much better than the industry as a whole. He pinned that on WeFox’s use of data, which, he says, enables One to understand risk in a much more technology-driven and granular way.
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