Wrisk insurance

[smifffymoto]

While on Seedrs checking on something today,I came upon Wrisk.
Wrisk is an app based insurance which tells you how you can lower your premium by doing certain things and offers a one stop shop for all inurance.
I haven't done any digging to see how it is underwritten or any of the digging around yet.
Wrisk could be massive.Has anybody taken a chance on this company?

[anonymous-user]

The people behind it have a decent track record and are well regarded.

"Insuretech" is in vogue and it has wider support within the industry.

Not sure what their end game is - presume build and sell?

[smifffymoto]

That's the point of though isn't it,customer focussed rather than industry focussed?

[anonymous-user]

smifffymoto said:

That's the point of though isn't it,customer focussed rather than industry focussed?

Yes - that would be their take on it.


My point is is the plan to be a large, profitable long term player or build to a size and sell?


Edit: for performance comparison I'd look at the aggregator sites and see how they performed. (In investment terms)
The risk profiling is already done elsewhere so it's a question of whether they can get the app in the hands of enough people.

Edited by anonymous-user on Friday 15th June 22:06