Verisk Partners With Ford To Expand Telematics Solutions Into Europe

• Verisk Analytics Inc (NASDAQ:VRSK) has partnered with Ford Motor Co (NYSE:F) to offer standardised, insurance-ready connected car data in Europe.
• The data will help insurers assess driving behavior, develop usage-based insurance programs, and potentially reward customers who drive safely with discounted rates. 
• The agreement gives Verisk license to supply connected car data to insurers in the U.K., France, Germany, Italy, and Spain.
• The agreement between Ford and Verisk in Europe follows a similar agreement between them in the U.S. announced in 2021.
• "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," said Joe Wodark, General Manager of Telematics, Verisk.
• Price Action: F shares are trading higher by 0.66% at $16.08, and VRSK is down 0.23% at $187.07 on the last check Tuesday.