Mercedes-Benz Insurance Services UK Limited, the insurance division of the globally renowned automotive brand, has announced a strategic partnership with Wrisk to revolutionize its car insurance offerings, as outlined in Fintech Global News. The collaboration introduces a subscription-based model designed to provide greater flexibility and enhance the overall ownership experience for Mercedes-Benz customers.

At the heart of this partnership is Wrisk’s advanced digital insurance platform, which enables flexible, rolling monthly policies with no penalties or transaction fees. This innovative approach aligns with shifting consumer trends in car ownership and driving habits, emphasizing adaptability and seamless integration.

“Wrisk’s expertise in the digital insurance space makes them an ideal partner to help us deliver a seamless, adaptable insurance solution that enhances the ownership experience for our customers,” said Ivor Wood, Managing Director of Mercedes-Benz Insurance. “Together, we’re setting a new standard in the industry, one that prioritizes customer convenience and satisfaction at every touchpoint.”

The partnership also introduces the Five-Day First Cover, a market-leading feature offering immediate coverage at the point of vehicle purchase for Mercedes-Benz and smart car buyers. This streamlined onboarding process ensures a hassle-free transition to the new insurance model, with existing customers already being migrated to the solution.

Robert Cottrell, VP Commercial at Wrisk, highlighted the shared vision between the two companies: “We share many values with Mercedes-Benz; dedication to innovation, a commitment to integrity, and a customer-centric outlook, to name just a few. This partnership is a brilliant match that brings two forward-thinking organisations together to deliver something that is distinct and adds value to the end-user.”

Wrisk specializes in embedded insurance solutions tailored for the automotive industry, positioning itself as a leader in crafting bespoke insurance models for modern mobility. By joining forces with Mercedes-Benz Insurance, Wrisk aims to set new benchmarks in customer-focused, digital-first insurance services.

The partnership underscores Mercedes-Benz’s commitment to innovation and its ability to adapt to evolving customer needs, reaffirming its position as a leader in the automotive insurance market.