Alternative asset investor Flow Capital has announced that it has closed an investment in Wrisk, the B2B2C insurtech provider based in the UK.
Wrisk focuses on motor insurance offerings through its embedded, white-labelled insurance platform to enterprise clients for pricing, distributing, and managing insurance products.
The insurtech has strong partnerships with both global auto OEMs and insurance carriers. Its platform is unique in that it can be offered both as a fully managed MGA service to its UK clients or licensed by insurers and enterprises directly either in the UK or globally.
As per the news release, Flow’s venture into Wrisk will help the insurtech accelerate its commercial activities, continue its growth in the UK and European sectors, and help it for further global expansion efforts.
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