Wrisk, a digital insurance platform specialising in embedded insurance for the automotive sector, has secured a strategic investment from Allianz as part of its recently announced Series B funding round.
The Series B round was led by Alma Mundi Ventures and Opera Tech Ventures, with Allianz joining as a new strategic investor, though the company did not disclose the funding total.
Allianz’s participation adds to Wrisk’s growing list of shareholders and highlights the company’s long-standing relationship with the insurer, which has been its primary underwriter for nearly a decade.
The fresh capital will support Wrisk’s international expansion and further investment in its data science and analytics capabilities.
The company said it plans to scale its platform while strengthening relationships across the automotive and insurance ecosystems, as demand grows for more integrated, data-driven insurance solutions.
Allianz’s investment is particularly significant given its long-standing relationship with Wrisk, having acted as the company’s primary underwriter for nearly a decade. The move reflects a broader shift among insurers towards closer collaboration with technology providers as OEMs look to work with fewer, more strategic insurance partners.
Wrisk CEO Nimeshh Patel said, “Allianz’s investment is a strong endorsement of Wrisk’s strategy and our role in helping insurers and OEMs work more closely together. As OEMs increasingly look for fewer, more strategic insurance partners, our ability to combine deep OEM relationships with sophisticated data and technology becomes ever more important. We are delighted to welcome Allianz as a shareholder and look forward to deepening our long-term partnership.”
Founded to bridge the gap between insurers and car manufacturers, Wrisk provides a platform that enables OEMs to offer integrated insurance products directly to customers.
The company works closely with automotive brands to embed insurance into the vehicle ownership journey, allowing for more seamless customer experiences and data-driven underwriting. Its technology brings together real-time insurance, vehicle, financial and behavioural data to support smarter decision-making across pricing, claims and engagement.
The company’s core platform is built around a proprietary embedded data framework designed specifically for automotive OEMs.
This framework harmonises inputs from connected vehicles, telematics, transactional data and customer interactions, enabling insurers and manufacturers to gain deeper insights into risk and behaviour.
Wrisk uses machine learning models that evolve alongside vehicle technology and changing consumer expectations, allowing partners to improve risk selection, pricing accuracy and long-term customer value.
Ulf Lange, managing director of personal lines at Allianz UK, said, “Wrisk has built a compelling platform at the intersection of insurance, data and the automotive sector. Its close relationships with OEMs and focus on data-driven insurance solutions align closely with Allianz’s strategic priorities, and we are pleased to support Wrisk as it continues to scale its business and capabilities.”
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