W

Wrisk

www.wrisk.co link_icon

Wrisk Company Research Report



Company Overview



  • Name: Wrisk

  • Mission: To fundamentally redesign the consumer insurance experience to put people back at the core, leveraging technology and expertise to create a frictionless digital insurance experience tailored to modern needs.

  • Founded: 2016

  • Founders: Darius Kumana and Niall Barton

  • Key People:

  • Niall Barton - Co-Founder & Executive Chairman

  • Nimeshh Patel - Chief Executive Officer

  • Shiv Bhaduri - Chief Operating Officer & CDO

  • Stephan Ruby - Managing Director, Wrisk Europe

  • Robert Cottrell - VP Commercial Development UK

  • Darius Kumana - Co-Founder & Chief Product Officer

  • Headquarters: London, with offices in Munich and Vienna

  • Number of Employees: 70+

  • Revenue: No information is available

  • Known For: Wrisk is known for offering a customizable, digital-first platform that empowers the automotive industry to deliver seamless and efficient digital insurance experiences.


Products



Platform


  • Description: A digital-first, legacy-free platform enabling rapid creation, launch, and operation of differentiated insurance experiences at scale.

  • Key Features:

  • Global Scale: Consistent customer experience across various products and markets.

  • Seamless Branded Experience: Integration within existing systems via APIs.

  • Powerful Scoring: Machine-learning enhanced scoring and decision-making.

  • Responsive Support: Digital self-service and automation improve operational efficiency.

  • Speed and Agility: Modular design and continuous delivery for fast market adaptation.

  • Data Insights: Full-stack analytics for competitive advantage.


Data Services


  • Description: Utilizes real-time, diverse data sources in the insurance value chain to facilitate smarter decision-making.

  • Key Features:

  • Efficient Data Management: Optimize CPA and ARPU through real-time data.

  • Data Integration: Modular integrations for a unified data view.

  • Actionable Insights: Strategic data-science services for optimized offerings.

  • Telematics Data as a Service: Simplifies and ensures compliance in data collection.

  • Data Model as a Service: Pre-built data models for speedy implementation.


Intermediary Services


  • Description: Offers insurance intermediary services as a fully authorized MGA in the UK and tailored services abroad.

  • Key Features:

  • Regulatory Expertise: Ensures compliance with UK and international mandates.

  • Tailored Global Services: Meets specific market regulatory needs.

  • Insurance Capacity Partnership: Connect partners with insurers for comprehensive coverage.

  • Customer Care and Training: Support services to enhance customer satisfaction.


Mobility Product Suite


  • Description: Provides innovative insurance solutions to the automotive and mobility sectors.

  • Key Features:

  • Term Based: Fixed-term motor insurance products with renewal options.

  • Subscription: Flexible, cancelable monthly billing policies.

  • Pay-by-Mile: Pricing based on telematics and mileage.

  • Driveaway: Complimentary short-term cover transitioning to paid offerings.

  • Add-ons and Ancillaries: Offers additional products like legal expenses and gap insurance.


Recent Developments



  • Recent Appointments:

  • December 2024: Wrisk appointed Sebastian Hartmann as the European Director of Business Development to enhance visibility and manage client bases throughout Europe.

  • New Partnerships:

  • November 2024: Mercedes-Benz Insurance Services signed an agreement with Wrisk.

  • August 2024: Wrisk and Helvetia Global Solutions signed a partnership for Europe.

  • Company Growth:

  • July 2024: Wrisk announced a Year-over-Year growth of 219% in H1 2024.

  • Development in Products and Features:

  • No specific new product launches or feature updates were noted beyond integration support and optimization for telematics and data-driven insurance solutions.


This report aims to provide an exhaustive overview of Wrisk based on the available data. For any areas not sufficiently covered, it would be prudent to reach out to the company or relevant financial reports for deeper insights.