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Benzinga
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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