Wrisk Limited, a digital insurance platform focused on embedded insurance for the automotive industry, has confirmed a strategic investment from Allianz Holdings plc.
The investment forms part of Wrisk’s recently announced Series B funding round, led by Alma Mundi Ventures alongside Opera Tech Ventures.
With this investment, Allianz joins a group of shareholders that have supported Wrisk in previous funding rounds. The addition of one of the world’s largest insurers further reinforces Wrisk’s standing as a trusted partner for automotive original equipment manufacturers (OEMs).
The move reflects increasing demand for tighter collaboration between insurers and embedded insurance platforms as OEMs pursue more integrated, insight-led insurance offerings.
Allianz’s participation carries particular weight given its long-standing relationship with Wrisk, having served as the company’s primary underwriter for nearly a decade. The investment comes at a time when many of Wrisk’s OEM clients are seeking deeper, more focused partnerships with a smaller group of insurer partners. By combining close OEM relationships with advanced platform and data capabilities, Wrisk enables insurers to build advantages in areas including data enrichment, risk assessment, and pricing strategy.
The Wrisk platform aggregates real-time insights across insurance, vehicle, financial, and behavioural data to improve decision-making in pricing, claims handling, and customer engagement. Central to this capability is Wrisk’s proprietary embedded data framework, purpose-built for automotive OEMs to align inputs from connected vehicles, telematics, transaction data, and customer interactions. This structure supports scalable intelligence through machine learning models that adapt alongside vehicle innovation, customer trends, and market shifts.
Proceeds from the Series B round, including Allianz’s investment, will be used to support Wrisk’s international growth plans and continued development of its data science and analytics capabilities, as the platform expands and partnerships across the automotive and insurance sectors deepen.
Nimeshh Patel, CEO of Wrisk, commented: “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, 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.”
