Wrisk, a London-based digital insurance platform focused on embedded insurance for the automotive sector, said Allianz Holdings plc has joined its Series B financing as a strategic investor, deepening a long-running commercial relationship between the two companies. The investment follows Wrisk’s recently announced Series B round, which the company said was led by Alma Mundi Ventures and Opera Tech Ventures.
Wrisk positions itself as an embedded insurance partner for automotive original equipment manufacturers, helping car brands and their captive finance arms offer more integrated insurance products at the point of vehicle purchase or ownership. The company said Allianz’s participation strengthens its credibility with OEM clients looking to consolidate insurer relationships and work with fewer strategic underwriting partners.
Allianz has served as Wrisk’s primary underwriter for nearly a decade, according to the company. Wrisk said that continuity, combined with its proximity to OEM customers, allows it and its insurer partners to build advantages in areas such as data enrichment, risk selection, and pricing.
Wrisk said its platform aggregates real-time signals across insurance, vehicle, financial and behavioral datasets to support decision-making across pricing, claims, and customer engagement. Central to that approach is a proprietary embedded data framework designed for OEM use cases, bringing together inputs from connected-car systems, telematics, transactional records, and customer interactions. Wrisk added that the framework supports scalable intelligence through machine learning models that evolve alongside changes in vehicle technology, customer behavior, and market conditions.
The company said the Series B proceeds, including Allianz’s participation, will be used to support international expansion and continued investment in data science and data insights as it scales its platform and broadens partnerships across automotive and insurance ecosystems.
Wrisk said it is headquartered in London and employs more than 100 people globally, with regulated managing general agent subsidiaries operating in the UK and EU. The company listed clients including BMW Financial Services, Jaguar Land Rover, Volvo Financial Services, Mercedes-Benz Insurance Services, Stellantis Financial Services UK, Suzuki GB, and Toyota Insurance Services.
KEY QUOTES:
“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.”
Nimeshh Patel, CEO, Wrisk
“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.”
Ulf Lange, Managing Director, Personal Lines, Allianz UK
