Ford has appointed Redtail Telematics as a reseller of connected vehicle data to motor insurers in the UK
Leading Telematics Service Provider Redtail Telematics has signed an agreement with Ford Motor Company, whereby Redtail Telematics will become a technical partner and reseller of connected vehicle data to motor insurers for both personal and commercial lines in the UK.
Redtail Telematics will apply its insight, experience and expertise to create bespoke processed data streams from Ford vehicles’ multiple sensors
18th February 2022. Leading Telematics Service Provider Redtail Telematics has signed an agreement with Ford Motor Company, whereby Redtail Telematics will become a technical partner and reseller of connected vehicle data to motor insurers for both personal and commercial lines in the UK.
As part of the agreement, Redtail Telematics will apply its insight, experience and expertise to create bespoke processed data streams from Ford vehicles’ multiple sensors that are of actionable value for motor insurers. That data will allow those insurers to maximize their understanding of policyholders to manage premium, risk, reward and claims processes.
The partnership between Ford and Redtail Telematics provides insurers with substantial and accurate data that does not rely on the installation of a ‘black box’ in the vehicle, offering a cost-effective alternative. Subject to customer consent, data is extracted from the vehicle and enables insurers to reach new market segments who pay lower premiums.
Redtail CEO Dr Colin Smithers commented:
“Redtail Telematics’ partnership with Ford in the UK helps insurance providers use connected vehicle data – without the need for plug-in devices – to inform their usage-based insurance programs, improve their underwriting process, and pass along driver behavior discounts to those Ford vehicle owners who qualify”.
Mark Harvey, Director, Enterprise Connectivity, Ford of Europe said:
“Ford is excited to further extend its usage-based insurance offering in partnership with Redtail Telematics, which will allow our customers across the UK to benefit from even greater value for money insurance policies”
About Redtail Telematics
A leading Telematics Service provider (TSP) provider of telematics solutions to the usage-based insurance (UBI), automotive, fleet tracking, and stolen vehicle recovery (SVR) sectors globally, Redtail draws on its joint heritage with sister company, Plextek, the communications technology design house, and have together supplied over 6 million devices into the automotive aftermarket in more than 30 countries since 1993.
Redtail Telematics Ltd is headquartered in Cambridge, UK and, together with subsidiary Redtail Telematics Corp in San Diego, California, enjoys the unique benefits among TSPs in designing and manufacturing its own devices – known as onboard units (OBUs) – as opposed to purchasing them from a technology provider.
However, the company has expanded significantly beyond exclusively offering telematics device design and manufacture to offer a broad set of services – including APIs, portals, apps, all of which underpinned by the capture, analysis, and processing of valuable telematics. In short, a one-stop-shop for insurers and enterprise customers with control over the whole stack, vital for optimized and customized solutions.
Redtail devices and services are used by Acorn, Admiral, By Miles, CalAmp, Concirrus, ingenie, JLR, KOBA, LoJack and TRACKER UK among others. Visit www.redtailtelematics.com to find out more.