This morning we read a report that showed the global #insurtech market is is projected to reach $158 BN by 2030. In 2020, the sector was valued at just shy of $10BN. That kind of growth is the stuff of dreams, but what is driving it? 🔢 Data, data and more data! Harnessing the power of data isn't exclusive to insurtech, let's be honest. In fact, it is the force behind key developments in many sectors. Utilising data in a smart way, providing real-time insights and analysis is at the heart of the expansion of the insurtech sector. It's certainly a major driver of our growth. 🤖 Digitisation... If you said the word insurance to someone, exciting and innovative aren't the words they might use to describe the industry. And yet, as the sector changes at a breakneck speed, exciting innovation is exactly what is going on behind the scenes. The entire market is on a journey with traditional players and new insurtechs working in partnership to deliver next level digital insurance experiences. Embedded insurance is the future, in case you hadn't heard. 👯 Consumer expectations have changed drastically in the past decade. Their relationship with brands is unrecognisable and loyalty can be hard to build. But, for those who crack the code, there is huge opportunity. Delivering seamless digital insurance experiences is at the core of everything we do, and the end customer is always front of mind. It's a fascinating time for insurtechs. Emerging technologies are taking us on really varied routes. Will we all converge eventually? Or will our broad capabilities simply widen the market? Only time will tell but its certainly space to watch. https://lnkd.in/ehb-PsqU
About us
Wrisk has built a customisable platform that empowers the automotive industry to deliver frictionless digital insurance experiences their customers will love. Setting a new standard for delivering insurance that makes simplicity, transparency and customer ownership the norm, Wrisk believes that insurance today should centre around the consumer because great experiences build customer loyalty. Authorised by the FCA, Wrisk acts as a trusted partner to insurers and brands alike, helping them to launch and operate tailor-made, regulated insurance solutions. These are built with agility and flexibility in mind, allowing the offering to evolve in line with the ever-changing needs of consumers. Wrisk’s partners include the BMW, Volvo, Jaguar Land Rover and Allianz
- Website
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https://www.wrisk.co
External link for Wrisk
- Industry
- Insurance
- Company size
- 11-50 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Insurance, Fintech, Technology, Insurtech, Scale-up, Leadership, Automotive OEM, Automotive insurance, Platform, Product, User experience, and Digital first
Locations
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Primary
25 Luke Street
London, EC2A 4DS, GB
Employees at Wrisk
Updates
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Our network is one of our most important assets. Whether that is our internal network of incredible colleagues or our customer network of amazing brands, we are dedicated to building connections that align to our values of excellence, innovation and personal relationships. So, we are very excited to finally announce our new insurance partnership with Helvetia Global Solutions Ltd. This new collaboration is another step in our European expansion plans. Expect to hear more from our partnership later in the year. https://lnkd.in/eMz5ZzpU
Wrisk and Helvetia Global Solutions sign partnership for Europe
wrisk.co
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What differentiates Wrisk from other insurtech platforms? Perhaps its our greenfield technology, built from-scratch specifically for the automotive market? Maybe its our deep #data capabilities that meet the needs of auto OEMs today - and tomorrow. Or, is it the fact we offer a complete end-to-end digital #platform that seamlessly integrates with brands and insurers for a frictionless services that end customers can trust? In reality, its a little bit of all of this and more. #Insurance #technology is an interesting and fast-changing area of #digital #innovation and we're at the coal face. Our Chief Data Officer Shiv B. takes the complexities of our technology and breaks it down here in this concise review of our platform capabilities https://lnkd.in/dumAit8E
Wrisk Platform
wrisk.co
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A warm Wrisk welcome to Anthony Foster who joined us as Director of Insurance last month. Anthony brings years of sector experience to the team, and will be leading new collaborations with our insurer partners as part of our ongoing growth journey. #teamgrowth #insurance
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What have we been up to, you ask... We've spent the first half of this year working on our vision for the future of Wrisk. By taking a step back from distractions, we've had the space to be deliberately thoughtful, get under the skin of our core market and create technology that is truly breaking ground for auto OEMs. It's been a successful strategy. The entire team have gotten their heads down and we have had a stellar year already, with 219% growth in H1 (compared to '23). It's been an enormous and collaborative effort across the company and alongside all our partners. We aren't stopping here though - read about our ambitious plans in this Insurance Post interview #insurance #insurtech #auto #businessgrowth https://lnkd.in/d_BjKqM3
Wrisk targets European expansion after tripling revenue - Insurance Post
postonline.co.uk
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As Wrisk grows as an organisation, so too does our reach. The European insurance market has always been a complex one. But there is nothing we love more than a challenge and we've embarked on a mission to tackle continental fragmentation in the sector. Leading the charge is our very own European MD Stephan Ruby, who gives his thoughts on where the current insurance market is facing problems and how a customisable, embedded insurance platform can be the answer to the industry's woes. #insurance #technology #embeddedinsurance #Europe https://lnkd.in/dJ5hDDB5
Embedding Europe: The Wrisk journey
wrisk.co
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We've had a stellar start to 2024, and have some pretty exciting news on the horizon for the rest of the year so watch this space! Thanks InsurTech Analyst for sharing our news
InsurTech Analyst news you can't afford to miss from yesterday 👉 AKUR8 and Mutual Capital Analytics partner to revolutionise insurance pricing with AI 👉 Plum launches suite to provide comprehensive healthcare benefits for employees 👉 Selective Insurance and One Inc partner to revolutionise claims payment process 👉 Floodbase launches rapid flood response data product for real-time disaster management 👉 London-based InsurTech Wrisk sees remarkable 219% YoY revenue growth in H1 #Insurance #InsurTech #FinTech Vera Buttinger Samuel Falmagne Brune de Linares (Garnier) Saurabh Arora Jayanth Ganapathy Ian Drysdale Katelyn Leondi Bessie Schwarz Emmalina Glinskis Nimeshh Patel Niall Barton Shiv B.
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We’ve recently been told that we are one of the #insurtech industry’s best kept secrets. We’ve been building in stealth, remaining agile to meet changing client needs and navigate broader global factors impacting the insurance and automotives sectors. It’s work that’s paid off! H1 2024 has been an incredible period of #growth for Wrisk 👯 Onboarded 30 new colleagues 🚗 Welcomed two new partners in Jaguar Land Rover UK & Volvo Cars 💷 Exceeded our targets for the year 🌍 Expanded our two European offices 🏘 And we’re moving our London HQ to accommodate all our new people With some amazing partnerships on the horizon, we’re set for further growth in the second half of the year - watch this space! https://lnkd.in/gwvrtBBM #insurance #technology
London insurtech Wrisk announce growth of 219% YoY in H1 2024
wrisk.co
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"Embedded insurance is about providing customers with affordable, relevant, and customized insurance when they need it the most." As summaries go, this one from AMA Research & Media is spot on. The future of the insurance market is #embedded and we are proud to be a global #leader in the market. As a company we strive for continuous improvement while we walk the line between developing a future-fit #tech stack and the ultimate #customerexperience for purchasing car #insurance. Growth is on the horizon for the sector as a whole; the AMA Embedded Insurance Market research paper gives an amazing overview of what the sector might look like in the next few years... https://lnkd.in/esucSU5x
Embedded Insurance Market: Long-Term Value & Growth Seen Ahead
https://www.newstrail.com
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When some of the industry's biggest names get a look under the bonnet and agree to be part of your growth journey, it's pretty exciting! 🙌 Welcoming Georg Bauer, Karsten Crede, Erich Ebner von Eschenbach, Lukas Neckermann & Nick Rothwell to our newly established European advisory board has been a pivotal moment for Wrisk this year. As we look to expand, their guidance and insight will be fundamental to our plans, ensuring that our offering and customer experience is like nothing else on the market. InsTech Coverager® 🐿️ https://lnkd.in/eqkChc7S
Wrisk Europe establishes Advisory Board
https://coverager.com