Verisk teams up with Ford to supply data to European insurers

Global data analytics provider Verisk, has partnered with Ford Motor Company to offer standardised insurance-ready connected car data in Europe.

The agreement will see Verisk offer standardised, insurance-ready telematics data from connected Ford vehicles in Europe to assist insurers with assessing driving behaviour, developing usage-based insurance programmes, and potentially rewarding customers who drive safely with discounted rates. This service will be available in the UK, France, Germany, Italy and Spain.

Verisk said this will offer insurers a more accurate view of driver risk and offer consumers the opportunity to receive tailored insurance offerings for their Ford vehicles. With drivers’ given consent, insurers will be able to access standardised metrics that Verisk generates from connected Ford vehicles, providing them with valuable insights into their customers’ driving behaviour.

The data will be available through Verisk’s Data Insight Hub, an ever-evolving source of insurance datasets and analytics accessible at any part of the customer journey, including the point of quote.

Joe Wodark, general manager of Telematics, Verisk, said, “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.”

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