Wrisk, a provider of embedded insurance solutions for the automotive sector, has confirmed that Allianz has invested in the company as part of its approximately $16 million Series B funding round, which was originally announced in July 2025.
The investment deepens a long-standing relationship between the two companies, with Allianz having served as Wrisk’s primary underwriting partner for nearly a decade. Wrisk raised a total of $35 million excluding Allianz’s latest investment.
The Series B funding is being used to support Wrisk’s international expansion and to accelerate further development of its data science and analytics capabilities, which underpin its embedded insurance offering for original equipment manufacturers (OEMs) and insurers.
Wrisk operates through two entities: Wrisk Limited and its wholly owned subsidiary Wrisk Transfer Limited. In 2024, Wrisk Transfer Limited generated £13.3 million in revenue and £4.8 million in profit, while Wrisk Limited recorded £568,000 in revenue and a £4.3 million loss. On a combined basis, the group reported a profit of approximately £529,000. As of 31 December 2024, the group reported total liabilities of around £13.6 million and cash reserves of £11.9 million, including approximately £5.7 million of restricted cash.
Commenting on the investment, Nimeshh Patel, chief executive officer of Wrisk, 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.”
Ulf Lange, managing director of personal lines at Allianz UK, added: “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.”
The investment underscores continued insurer interest in embedded insurance models, particularly in the automotive sector, where data-driven distribution and closer collaboration between insurers and manufacturers are increasingly shaping growth strategies.
