Insurtech Futures: Wrisk app partners with Munich Re
The mobile-based insurance provider was set up by Oxygen founder Nigel Barton
App-based provider Wrisk, which was set up earlier this year by Oxygen-founder Nigel Barton, has 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.
According to Wrisk, Digital Partners (Munich Re) will also provide the organisation with access to some of their underwriting platform services.
Wrisk co-founder and 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."
Smart phones
Wrisk has stated that it aims to deliver insurance direct through smart phones, not through the postbox. It is looking to offer a person-centric highly flexible service that provides motor, travel and home cover all in one place.
Darius Kumana, co-founder of the firm and chief operating officer, added: "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, copntinued: "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."
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