WRISK WINS DIA DIAMOND AWARD AHEAD OF SECOND CROWDFUNDING LAUNCH

Wrisk – which plans to transform the way people buy, maintain and claim on their insurance – today announces its win at the Digital Insurance Agenda (DIA) Awards in Amsterdam. The insurtech startup received a prestigious DIAmond Award, designed to celebrate the strategic impact innovative companies bring to the industry.

DIA Amsterdam is the world’s largest insurtech conference, with over 1200 attendees. More than 200 insurtechs applied for the chance to present at the event, 50 businesses were selected and just six* were named DIAmond award winners, as voted for by conference delegates.

The win comes as Wrisk prepares to launch its second crowdfunding campaign on Seedrs next week. Wrisk is looking to raise £500,000, and the campaign is already open to pre-registration.

Wrisk’s founders made the decision to crowdfund once again as part of an interim bridge round, allowing them to delay the launch of their Series A until next year. This follows big strides that have been made within the business in a short space of time, including:

Authorisation by the UK regulator the Financial Conduct Authority (FCA)

The launch of Wrisk’s iOS beta app and its first insurance line – contents – to real customers

A partnership with BMW that will result in Wrisk delivering insurance for BMW group cars sold in the UK

Wrisk also has partnerships in place with Munich Re and Hiscox, amongst others.

Co-Founders Niall Barton and Darius Kumana said: “We are delighted to have won this award in recognition of our work. Wrisk may be the new kid on the block, but we’re extremely proud of what we’ve achieved already. In a relatively short space of time, we’ve formed partnerships with the likes of Munich Re, BMW and Hiscox, gained FCA authorisation, launched our first insurance line and got our app into the hands of real customers who are already giving us great feedback.

We’re also really excited to be fundraising through Seedrs once again. Our first round was a huge success and allowed us to build a community of not just investors, but supporters, advocates and customers. We can’t wait to grow that community further, and offer yet more people the chance to help us shape the future of insurance.”