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Ford: towards an expanded insurance offer with Wejo Group Ltd


(CercleFinance.com) – Wejo Group Limited, a global specialist in smart mobility and cloud and software solutions for connected, electric and autonomous vehicle data, today announced an expansion of its insurance offering with Ford Motor Company .

“Expanding our joint capabilities with Ford in the United States enables mutual benefit for policyholders and insurers as auto insurance companies leverage data from connected vehicles,” said Richard Barlow, Founder and CEO of Wejo.

Indeed, insurers will now be able to better understand the driving behavior of their customers through the use of data and information collected by their connected vehicles.

Thus, with the customer’s consent, data from connected vehicles may be used to establish insurance policies.
based on customer driving behavior.

This data can help the auto insurance industry better validate details provided by customers, identify and minimize insurance fraud, deliver more accurate dynamic pricing models, and reduce risk for rides. safer and less stressful for decision makers and customers.

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