Wrisk's exclusive focus on Auto OEMs differentiates us from other insurtechs. While competitors offer basic quote-and-bind solutions, we deliver deep tech, advanced integrations, car data, smart pricing, and optimal insurance capacity utilisation. This comprehensive approach enhances OEM penetration rates, providing tailored solutions that drive superior outcomes and innovation in the motor insurance sector.
Our advanced capabilities enable Wrisk to offer personalised, responsive, and efficient services. This not only meets immediate market demands but also positions our partners for long-term success and growth, establishing Wrisk as an invaluable partner in the automotive insurance landscape.
Wrisk Platform: Customer-Centric at its Core
Imagine a platform designed with the customer at its heart. The Wrisk platform redefines customer experiences through actionable insights, enabling partners to understand their customers deeply, foster stronger relationships, and increase share-of-wallet. By engaging customers at every touchpoint—pre-purchase, point of sale, and throughout the vehicle ownership lifecycle—Wrisk enhances brand connections.
Our digital foundation integrates seamlessly with existing and new market propositions, delivering a consistent, premium digital experience. Wrisk’s modular architecture ensures smooth integration with partner systems, allowing Auto OEMs to tailor insurance offerings regionally while maintaining a unified global brand. This flexibility enables personalised interactions, fostering loyalty and trust.
With continuous innovation, Wrisk ensures partners have access to the latest advancements in insurance technology. The platform empowers Auto OEMs to launch next-generation, data-driven branded motor insurance programmes, transforming their offerings to be more competitive and customer-focused.
The transformative impact of Wrisk includes the following enhancements, though this is not an exhaustive list:
- Wrisk enables a consistent multi-market customer offering whilst offering regional autonomy to the underwriters, replacing the previously inconsistent approach.
- Our platform offers comprehensive (atomic layer) white labelling, moving beyond the partial branding and link-out models.
- Wrisk unifies protection offerings into a single, optimised insurance platform, enhancing cross-sell and upsell opportunities, which contrasts sharply with the previously fragmented protection options.
- By embedding insurance products within the OEM digital ecosystem, Wrisk integrates seamlessly where there were previously no or minimal embedded insurance offerings.
- We provide an API layer to integrate with both the brand’s and insurer’s ecosystems, along with a dynamic middleware layer, replacing the previous absence of such integration capabilities.
- Wrisk offers a comprehensive MI suite and the ability to ingest big data signals, addressing the previous lack of a robust data layer infrastructure.
Wrisk empowers Auto OEMs to create innovative, data-driven, and integrated insurance experiences that delight customers. Our scalable solutions can be deployed across multiple global markets, ensuring a seamless and efficient implementation.
Wrisk Platform Functional Overview
Wrisk, built from the ground up without legacy constraints, offers dynamic quoting, claims, and policy experiences on a cloud platform designed for speed. This accelerates time to market, enabling rapid launches of products, customer experiences, and new business lines, effectively eliminating technology as a bottleneck. By maximising engagement through personalised experiences and leveraging data across the value chain, Wrisk tailors interactions and drives engagement across all channels.
Our Agile DevOps capabilities facilitate seamless deployments, test-and-learn environments, and greenfield operations, ensuring smooth integration with legacy systems. This allows partners to innovate and adapt quickly to market changes without compromising stability. Moreover, Wrisk provides a single point of integration for OEMs, effectively unifying their data systems and significantly reducing overhead and maintenance efforts, resulting in streamlined and efficient global programme rollouts.
The dynamic quoting and rating engine delivers accurate and competitive quotes, improving conversion rates and customer satisfaction. Policy management is optimised with automated renewals and adjustments based on real-time customer data and market conditions, while the claims process is streamlined with automated workflows, reducing processing times and enhancing customer experience. Wrisk’s agility also extends to business intelligence and self-serve reporting, with robust analytics tools providing insights into customer behaviour, product performance, and operational efficiency.
Built on a GDPR-compliant, scalable, and secure infrastructure, Wrisk ensures high availability with continuous monitoring and support. Multi-cloud deployments offer flexibility and resilience, with advanced threat detection and response mechanisms ensuring data integrity and privacy, maintaining the highest standards of security and compliance.
Embedded “Feedback Loops”
As insurance propositions become increasingly complex and data-driven for automotive OEMs, managing and optimising programmes daily has never been more intricate. Wrisk rises to this challenge with a platform that excels in handling data at scale, offering a comprehensive view across the policy lifecycle—from distribution to quote, policy, and claims. This holistic approach allows partners to optimise every point along the insurance value chain through precise, data-driven decision-making.
Wrisk's advanced self-serve analytics suite, specifically designed for Auto OEMs and insurance partners, transforms portfolio management. Near-real-time analytics provide an embedded “feedback-loop” mechanism, enabling swift and effective adjustments. Regular assessments and refinements of these adjustments significantly enhance programme effectiveness and reach, ensuring that partners can consistently achieve superior outcomes.
Beyond standard insurance KPIs, Wrisk leverages a broader range of data sources, including CRM, marketing, customer care, and telematics. By accelerating time to insight with business-ready datasets and built-in machine learning routines, our platform enhances fraud detection, cross-sell, upsell, churn management, contact strategies, pricing models, and more through advanced algorithms.
Wrisk offers agnostic telematics solutions, ranging from apps and OBD2 devices to connected car data. These integrations unlock insights that power smart notifications, provide driver insights, aid claim forensics, and inform portfolio pricing through anonymised and standardised data models. This comprehensive data stack and functionality tighten the feedback loop, fostering an experimental mindset and driving superior outcomes.
Wrisk’s data stack and functionalities tighten the feedback loop, fostering an experimental mindset with confidence and driving superior outcomes and innovation. This capability not only drives superior outcomes but also facilitates the creation of innovative products tailored to meet evolving customer needs and market demands.