Former wefox Insurance CEO Oliver Lang joins WeGroup’s board of directors
The Belgium-based insurtech WeGroup strengthens its ranks once again. This time, their board of directors is joined by Oliver Lang, until recently the CEO of wefox Insurance, one of the world’s most successful insurtech companies. Lang brings a lifetime of experience in insurance and risk management, as well as decades of learnings coming from founding and leading various highly successful hyper-growth companies.
WeGroup is a Belgian insurtech company that helps insurance providers, ranging from local brokers to some of the world’s biggest insurance companies and banks, to digitise and accelerate their distribution process. Via the WeGroup platform, intermediaries or embedded third parties can generate new leads, analyse need and risk profiles and link them to the most fitting insurance solutions.
With this proposition, the company was not only able to convince over a 1000 brokerages, agencies and carriers all over Europe, but also ensured 7 million euro in funding. They were equally able to attract valuable industry experience, such as former Aviva COO and Head of Insurance Markets for the French Treasury Ayméric Oudin. Now, WeGroup adds another sounding name to their Board of Directors with Oliver Lang, who was until recently CEO of wefox Insurance, one of the largest insurtechs on the planet.
“With Oliver on board, we are taking another step in our pan-European and global ambitions. Next to a lot of industry experience, most recently at wefox, and a vast network, Oliver is also bringing valuable learnings as an entrepreneur and founder. We are convinced he brings all we need to accelerate our growth even faster” explains WeGroup CEO Arvid De Coster.
Lang himself sees great potential in WeGroup’s business. “I have always been passionate about startups and venture-building. In my eyes, WeGroup has all it takes to reach the absolute top. The scalable product addresses some of the industry’s biggest challenges and is aligned with both current and future trends. On top of this, I see a very motivated and talented team that was able to achieve impressive growth so far”, he declares.
As to potential competition between wefox, Lang’s previous employer, and WeGroup, both De Coster and Lang were very clear. “Other than our name, both companies have little in common. Wefox is an insurance carrier whereas WeGroup is a technology provider, helping carriers and independent intermediaries. If anything, we would be great partners”.
🎓 Oliver Lang is an experienced insurance executive and serial-entrepreneur with a passion for profitable growth and scalable organizations. After an economics degree and MBA at the Eberhard Karls university in Tübingen, Germany, he started his career as a consultant at McKinsey & Company and later on moved to Zürich, Switzerland, to become Global Head of Risk Management for Converium, a medium-size Swiss reinsurance company. After a corporate career for 10 years, Lang founded various startup companies and initiatives. Among them Avato, which was successfully exited in 2013 with over 50 million euro in annual revenue, and 3C, a Berlin based fintech and insurtech company builder that already banked various successful exits. Most recently, Oliver Lang was active as CEO for wefox insurance and COO within the wefox Group. At the helm of one of the world’s most successful insurtech companies, he increased revenues from under 50 to over 250 million euros in just one year and prepared the company for an IPO in 2023.
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