Ageas UK to deliver embedded motor insurance in deal with Wrisk

Ageas UK has secured a new embedded insurance deal with original equipment manufacturer (OEM) insurtech Wrisk.

The partnership will see Ageas UK join Wrisk’s motor insurance panel, with the two working together to create a scalable B2B2C distribution route.

Nimeshh Patel, chief executive at Wrisk, said: ”Ageas’s appetite for innovation and its strong partnerships heritage make it an ideal partner for our OEM-driven distribution model.

“By combining our flexible tech platform with Ageas’s underwriting expertise, we can offer vehicle manufacturers and their customers insurance products that are seamless, data-driven and truly customer-centric.”

Growth opportunities 

Wrisk’s platform enables real-time data ingestion from OEM sources, including the ability to utilise vehicle-specific data points to deliver pricing accuracy and risk selection.

Adam Beckett, managing director of broker and partnerships at Ageas, said: ”Wrisk’s technology and use of OEM data align with our ambition to deliver smarter, more personalised insurance solutions, while maintaining the underwriting quality and service standards partners and customers expect.

”We’re excited for the growth opportunities this presents for both of our businesses and ultimately for the services tailored to our customers.”