Allianz partners with insurtech Wrisk to modernise motor insurance
Insurer Allianz has entered into a strategic motor insurance agreement with insurtech startup Wrisk, which is backed by firms like Munich Re, Hiscox and QIC.
The partnership aims to jointly offer new automotive insurance products on Wrisk’s end-to-end insurance platform, which will be delivered via car manufacturers at the point of sale.
It will initially focus on the UK market, and further set up the two companies to deliver next-generation car insurance products with agile, on-demand solutions.
“The partnership will be a catalyser for digitalisation and simplicity," said Stephan Ruby, chief sales officer of Allianz Automotive. "For Allianz Automotive, partnering with an InsurTech like Wrisk gives a tremendous opportunity to offer customer-centric solutions in a transparent and simple way, which is in line with the overall Allianz strategy.”
Niall Barton, CEO and co-founder of Wrisk, said: “We’re big believers in the insurance industry’s potential for innovation. Working with Allianz Automotive has been really rewarding thanks to their agility and commitment to deliver radically improved solutions for customers. This is a prime example of Wrisk's strategy to develop collaborations with global insurers who have particular dominance in vertical sectors, where together we can unlock new opportunities for them and their B2B2C partners through a mobile-first, connected customer experience.”
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