Munich Re to become Wrisk insurer partner
21st November 2016: Insurtech company Wrisk Ltd, which was founded earlier this year, has today entered into an agreement with Munich Re’s global Digital Partners business unit that will see Munich Re companies become the exclusive carrier for Wrisk’s business underwritten in UK, Europe and USA. Digital Partners will also provide Wrisk with access to some of their underwriting platform services.
Wrisk Co-founder & CEO, Nigel Barton said: “From the start we have been determined to work with really high quality insurers. Therefore, we are delighted to be working in these territories with Munich Re”.
Wrisk Co-founder & COO, Darius Kumana said: “As an insurtech business selecting the right carrier partner is absolutely crucial. In Digital Partners we are confident to have found a partner that shares our forward-looking mind-set when it comes to technology and innovation within the industry."
Andrew Rear, CEO of Digital Partners, added: ”Digital Partners is a new Munich Re global venture designed to partner with digital disruptors who are changing the way insurance is experienced by customers. We are looking forward to working closely with Wrisk to enable them to offer a customised and holistic insurance proposition to the connected generation”
Notes to Editors:
Wrisk is an Insurtech venture that was founded in early 2016 by Nigel Barton and Darius Kumana (bios available upon request).
Wrisk will deliver Insurance direct through smart phones, not through the postbox. Insurance centred around people, not just their things. The company will offer a highly flexible service that provides Motor, Travel and Home cover all in one place.
The benefit of connecting direct to customers through an app, is that it’s possible to improve the efficiency, accuracy and transparency of insurance. Thus, reducing costs and making customers’ lives easier.
NB: At the time of this release, Wrisk is currently participating at the BMW Innovation Lab, a programme managed by L.Marks.
Digital Partners has been set up in order to partner with digital insurance startups and digital verticals that are changing the way consumers interact with insurers. In addition to providing its global footprint and experience to its startup partners, it is helping them develop innovative product and distribution solution.
Please note - Wrisk do not wish to follow up with any expanded interviews at this stage, but if you do have any further enquiries please feel free to contact the undersigned at Full Circle Communications Limited