London insurtech Wrisk scores £12m Series B

Wrisk Secures £12m in Series B Funding

Wrisk, a London-based insurtech focusing on embedded insurance solutions for the automotive sector, has raised £12 million in its latest Series B funding round. This financial boost aims to enhance Wrisk's product offerings and expand its market reach.

Key Players and Funding Details

The funding round saw participation from notable investors, including Foresight Group and existing backers. The injection of funds is expected to support Wrisk’s ongoing mission to simplify insurance processes within the automotive industry.

Impact and Future Goals

With this new capital, Wrisk plans to improve its technology platform, aiming to create more seamless integrations with automotive partners. This could potentially make it easier for consumers to access insurance directly through car manufacturers and dealerships, streamlining the purchasing experience.

This funding comes at a time when the demand for innovative insurance solutions in the automotive sector is growing. Wrisk's approach aligns with broader trends in the industry where embedded insurance is becoming increasingly relevant.

A Market Perspective

The insurtech landscape is evolving, with companies like Wrisk at the forefront of integrating insurance into consumer experiences. With £12 million to bolster its offerings, Wrisk positions itself as a key player in this movement. The implications of this funding extend not only to Wrisk but also to consumers and automotive businesses seeking more straightforward, efficient insurance options.

As the automotive industry adapts to changing consumer expectations and technological advancements, investments like this could pave the way for significant shifts in how insurance is provided and accessed.

Original Source: https://www.uktech.news/insurtech/london-insurtech-wrisk-scores-12m-series-b-20250708