London, March 2025: Leading insurtech Wrisk today released its 2024 financial results, showing a third consecutive year of growth across all areas of its business.
Headline figures:
- FY revenue results point to 142% Growth YoY
- Customer Base grows to c.80k
- UK business posts positive EBITDA
Wrisk is the only independent insurtech dedicated to the automotive sector. Its evolving service offering is underpinned by its leading-edge greenfield technology, the expansive background of its leadership team and its lean, customer-centric approach to development and growth.
Wrisk CEO Nimeshh Patel commented: “Our continued growth trajectory reflects our growing market share, driven by positive traction as it signs up more brands in the UK. We’ve stayed lean and agile, zeroing in on what is useful - not what is trendy - to bring to market future-proof digital insurance solutions that adapt to meet the changing needs of our partners.
“It is this flexibility that sets our technology apart. Our strategy has always been to take a ‘listen-first’ approach, quietly developing our capabilities to truly meet their requirements. As we look forward, we see further opportunities on the horizon.”
New partners
Its outside-in approach to solving partner objectives and problems has helped Wrisk to deliver solutions through the development of its proprietary platform - and led to numerous new partner wins.
In 2024, Wrisk announced partnerships with Jaguar Land Rover, Volvo and Mercedes-Benz, delivering adaptable technologically-driven solutions to support each partner to drive awareness, and conversion rates and to help sell more cars.
Progressive culture
Successful growth brings with it an expanding headcount. In 2024, the company doubled its headcount to over 70 - a mix of technical experts, insurance professionals and corporate functions. This led to the opening of offices in Vienna and Munich, as well as an office move in London to accommodate the expanding team - and create room for further appointments.
Speaking about Wrisk’s recruitment drive, Head of HR, Abbie Taft, said: “It has been an extremely busy year for my team. We have a very defined profile of what makes a Wrisk colleague - in a demanding, scaling environment, it is essential that our people are not just best-in-class at their job, but also passionate, resilient and caring.
“In bringing together a collection of people who share these traits, we have created a robust and progressive culture that stays rooted in being people-focused; we pull together, learn from mistakes and genuinely feel safe to debate and discuss new ideas. This has been a really integral part of our growth story”
A vision for the future
The global insurtech market is estimated to be valued at $22 billion dollars with the potential to grow exponentially. For Wrisk the opportunity for growth lies in continuous technology innovation, harnessing the power of its advanced data capabilities to deliver value for its partners.
“Wrisk has consistently been a driving force for innovation in the industry. We launched the first subscription-based branded insurance model before the market even knew it needed one. Now, we’re reengineering how automotive OEMs access real-time intelligence, turning raw data into precision decision-making, said Shiv Bhaduri, COO & CDO at Wrisk.
“This isn’t just momentum—it’s acceleration. The systems are in place, the tools are sharp, and the roadmap is clear. We’re shaping the future of digital insurance, building the definitive digital insurance platform for automotive brands that refuse to be left behind.”