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- 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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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