ILC ARTICLE

Verisk expands Ford partnership

11th March 2022

Verisk has agreed a deal with Ford to integrate data from connected Ford vehicles in Europe with its own solutions.

That means it will be able to provide even more comprehensive telematics solutions to insurers, enabling them to develop accurate, usage-based policies that also reward customers for safe driving.

With drivers’ consent, the data received from Ford vehicles will be available through Verisk’s Data Insight Hub, which is an ever-evolving source of datasets and analytics that provides insurers with valuable insights into driving habits and behaviours.

The service, which is already available in America, will be available in the UK, France, Germany, Italy and Spain.

Joe Wodark, General Manager of Telematics, Verisk, said, “Verisk has pioneered the use of data from connected cars for insurance, helping thousands of drivers receive insurance that is tailored to their driving. Through our agreement with Ford, we’re expanding our telematics solutions into Europe and helping bring innovative products to a broader market of safety-conscious drivers.”

In October 2020, Ford joined the Verisk Data Exchange, a leading Internet of Things (IoT) and telematics platform helping commercial and personal lines insurers in the United States make more informed decisions. Verisk works with leading automakers, telematics service providers (TSPs) and property-based data sources to deliver insurance-ready insights on the Exchange.