Wrisk

Insurtech to simplify the process of buying insurance

Wrisk provides customers with a single platform for all of their insurance policies, with transparent access to the information insurers keep on them with what they call a Wrisk Score. It is underwritten by Great Lakes, a subsidiary of Munich Re, and is regulated by the Financial Conduct Authority.

Wrisk has already garnered several partnerships, including any insurance sold directly via BMW or Mini networks in the UK will now be via a platform designed by Wrisk, including the possible reintroduction of seven day free drive away insurance. Wrisk has been adding 700+ customers a month.

Balmung Capital participated in the GBP 1,000,000 equity financing in 2019.

Summary
Investment date: 2019
Total capital commitment: GBP 1,000,000
Status: current