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Benzinga

Business

Shivani Kumaresan

Verisk Partners With Ford To Expand Telematics Solutions Into Europe

Verisk Europe Ford VRSK Ford Motor Co France Germany Italy NYSE Spain

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.

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