Allianz invests in embedded propositions provider as part of funding round

Wrisk has secured investment from Allianz Holdings as part of its £12m series B funding round.

Led by Alma Mundi Ventures and Opera Tech Ventures, Wrisk said the funding round would accelerate its expansion across Europe, deepen engagement with existing partners and support new partner acquisition.

The embedded propositions provider for the automotive sector felt investment from Allianz is ”particularly significant” for expanding its original equipment manufacturer (OEM) client base.

It also said the backing of a global insurer of Allianz’s scale “highlights the growing importance of closer collaboration between insurers and embedded insurance platforms, as OEMs seek more integrated and data-driven insurance solutions”.

Nimeshh Patel, chief executive at 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.”

Growth

Wrisk brings together real-time insights from insurance, vehicle, financial and behavioural data to support smarter decision-making across pricing, claims and customer engagement.

Its funding round comes after the firm recorded triple-digit revenue growth in 2024, with more than 100,000 policies written.

Ulf Lange, managing director for personal lines at Allianz UK, said: “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.”