Ford Connected Vehicle Data

[DCBoost]

Maybe I'm reading too much into this. But.....

CerebrumX Lab, an AI-driven automotive data services & management platform, announced it will incorporate Ford connected vehicle data to support its data-driven usage-based insurance-as-a-Service model for Insurers. This model offers a quicker and more cost-effective implementation of UBI programs by using embedded telematics for eligible Ford and Lincoln connected vehicles, CerebrumX said in a statement.

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[hotrodmex]

data-driven usage-based insurance-as-a-Service model

Nothing to read into. They're going to use the data you opt-in to for data collection for insurance companies who want to use their service for UBI (Usage Based Insurance).

I don't think every insurance carrier will want to deal with a 3rd party assigning a risk model to their bottom line.

 

[discothan]

Ford is already collecting your data. They might as well make some extra $$ on the side selling that data to someone that can make more money off of it.

 

[DCBoost]

Next thing you know, Geico is raising your premium for excessive speed. How did they know???
Just thought it was interesting.

 

[Snakebitten]

Currently we still have a choice whether we "share" the various data types, as well as whether we want to cooperate with an insurance option using it.

The future?
I'm old, so I don't know if I'm going to be around, but I suspect it's inevitable.

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