CHICAGO and DEARBORN, Mich., Feb.
19, 2021 /PRNewswire/ -- Arity, a mobility data and
analytics company, announced that it is teaming up with Ford Motor
Company to enable any participating insurer the ability to deliver
simple and secure usage-based insurance (UBI) programs to eligible
connected Ford and Lincoln vehicle
owners.
Usage-based insurance programs give drivers access to
personalized driving data directly from the vehicle while allowing
insurers to price more accurately in return for safer driving on
the roads, all without having to download an additional app or plug
in an OBD (onboard diagnostic) device. Arity's driving analytics
and insights make this possible, which derive driving risk
seamlessly from the vehicle's data, benefitting both insurers and
drivers.
"We continue to invest in embedded vehicle connectivity to help
our customers get as much value from their vehicles as possible,"
said Alex Purdy, Director of
Business Operations, Enterprise Connectivity, Ford Motor Company.
"Arity helps make this possible by enabling insurers to offer
customers with eligible Ford vehicles more personalized insurance
based on how, when, and how often they drive, without the need for
any additional hardware."
These programs are designed to promote safer driving and allow
insurers to develop longer-lasting relationships with their
customers through the ability to provide additional incentives,
such as rewards and personalized pricing.
"Arity's unique ability to identify and quantify driving
behaviors best positions insurers to provide the most accurate
price while giving consumers the transparency and control they so
strongly desire," said Gary
Hallgren, president of Arity. "We are proud to work together
with Ford as we provide insurers an end-to-end solution that
enables them to expand their connected vehicle technologies so they
can quickly and easily grow their usage-based program
adoption."
With the driver's consent, Arity's centralized telematics
platform will be able to process driving data that is safely and
securely provided by Ford from activated Ford vehicles. Arity's
insights, including customizable driving attributes, are delivered
to insurers via an Arity API. Drivesight®, Arity's nationally filed
and regulator reviewed driving score, provides an accurate view of
vehicle usage and driving behaviors, as well as a credible
indication of risk that any participating insurer can use to
improve pricing sophistication and inform discounts for their
customer quickly.
About Arity
Arity is a mobility data and analytics company that
provides data-driven solutions to companies invested in
transportation, which enables them to deliver mobility services
that are smarter, safer, and more economical. Insurance companies,
automobile manufacturers, and shared mobility companies turn to
Arity to better understand driving behavior, manage risk, operate
more safely, and ultimately increase their bottom line. The Arity
platform is built on more than 440 billion miles of historical
driving data from more than 23 million active telematics
connections and more than eight years of data directly from cars.
With global offices and a Chicago headquarters, Arity was
founded by The Allstate Corporation and launched in 2016.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in
Dearborn, Michigan. The company
designs, manufactures, markets and services a full line of Ford
cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial
services through Ford Motor Credit Company and is pursuing
leadership positions in electrification; mobility solutions,
including self-driving services; and connected services. Ford
employs approximately 188,000 people worldwide. For more
information regarding Ford, its products and Ford Motor Credit
Company, please visit corporate.ford.com. Contact
Information
Press Contacts
Arity
Stacy Silver
Stacy.Silver@Arity.com
847-530-4224
Ford Motor Company
Martin Günsberg
mgunsber@ford.com
313-316-5319
SOURCE
Ford Motor Company https://corporate.ford.com/
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SOURCE Arity