WEJO and Ford have announced that they will work together, giving Wejo access to Ford’s connected vehicle data from across Europe.
The collaboration will see Wejo – a leader in connected, electric, and autonomous vehicle data – collaborate with the manufacturing giant to offer insurers access to data to assist in designing insurance policies.
The aim is for insurers to be able to better understand driving behaviour and combat fraud. As part of the collaboration, Wejo is leveraging Ford’s data consent process, through which insurers can obtain consent from customers to access personalised vehicle data, such as location, speed, and mileage.
At Ford, we believe in the potential of connected vehicle data. Through the insights our vehicles and customers can give us, with their full consent, we are able to better understand driving behaviours and therefore make the insurance experience much more personalised and financially attractive for our customers. We want to continue to demonstrate that connectivity can help us improve the driving experience across Europe.
Graeme Stevens, manager, third party enablement, Ford Europe
Once obtained, this data is sent back to Ford via Wejo for analysis, and connected vehicle information then fed to the insurer to develop usage-based – careful driving, low mileage etc. – vehicle insurance policies.
Wejo sets itself apart from other data providers with a much broader understanding of how, where and when connected vehicle data can be used across multiple industries. Our experience with real-time traffic monitoring, edge processing and vehicle movement gives us the big picture to help organisations discover the value they can drive by tapping into connected vehicle data.
Matt Bialuk, senior vice president, dealer and insurance solutions, Wejo
Wejo’s datasets comprise more than 76.7 billion trips from approximately 13 million connected vehicles.