focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAdmiral Share News (ADM)

Share Price Information for Admiral (ADM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,698.00
Bid: 2,693.00
Ask: 2,694.00
Change: 29.00 (1.09%)
Spread: 1.00 (0.037%)
Open: 2,669.00
High: 2,698.00
Low: 2,669.00
Prev. Close: 2,669.00
ADM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU weighs driver data rules, pitting insurers against auto giants

Thu, 31st Mar 2022 08:53

LONDON, March 31 (Reuters) - The European Union has launched a public consultation on possible rules to ensure fair access to drivers' data, pitting the powerful insurance and auto industries against one another in a battle to monetise digital information.

The bloc's executive European Commission said in a call for evidence document file:///C:/Users/8003243/Downloads/090166e5ea4b65ec.pdf on Thursday that over 85% of new cars in 2018 were connected wirelessly, with more than 470 million connected vehicles expected to be on the roads in Europe, the United States and China by 2025.

The EU has already proposed a Data Act, but it may not be sufficiently detailed for handling auto data, and a further measure could standardise data sets, and ensure fair access and competition, the EU executive said.

Industry body Insurance Europe said such a measure would be the first of its kind.

Automakers have long guarded their 'gatekeeper' role in accessing data from cars, such as how fast they are being driven, with an increasing amount of information now received via wireless transmission.

Insurers and car repair shops have been lobbying the EU to allow drivers, and not the automakers, to decide who can directly access data from their vehicles.

If the automakers control the data, they can also control which insurer or other service provider covers the vehicle.

Putting the driver in charge would mean all industries are on the same competitive footing, Insurance Europe said.

"There is a need to regulate this, as you cannot leave this in the hands of car manufacturers," said Nicolas Jeanmart, Insurance Europe's head of personal and general insurance.

"It should be for each driver to decide what they want to do with their data, and if they want to share with an external provider like an insurer."

There are around 250 million cars on the roads in EU.

Insurers are already providing services to drivers through apps in countries such as Britain and Italy, but provision is patchy. It would be easier and cheaper to offer them directly on the basis of car data, Insurance Europe said.

European automakers industry body ACEA said Europe's auto industry was committed to giving access to the data generated by the vehicles but uncontrolled access posed cyber, data protection and privacy threats.

"That is why any EU legislative framework should keep vehicles and their occupants safe and secure," ACEA said, adding it must also guarantee the auto sector can remain competitive. (Additional reporting by Nick Carey Editing by Mark Potter)

More News
10 Aug 2022 09:06

LONDON MARKET OPEN: US inflation report anticipation holds back stocks

(Alliance News) - Stocks in London started Wednesday in a nervous fashion, slipping into the red, with pressure coming from the looming US inflation report due before the New York open.

Read more
10 Aug 2022 07:13

Admiral H1 profits decline amid 'more turbulent cycle', high inflation

(Sharecast News) - Insurer Admiral posted a drop in first-half profit on Wednesday, pointing to a "more turbulent cycle than usual" and high inflation.

Read more
8 Aug 2022 05:45

Average price for UK motor insurance climbs amid rising costs

(Alliance News) - The average annual price paid for motor insurance increased by GBP5 in the second quarter of this year, according to a UK industry body.

Read more
3 Aug 2022 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 4 August 
  
Centamin PLCHalf Year Results
Coca-Cola Europacific Partners PLCHalf Year Results
ConvaTec Group PLCHalf Year Results
Evraz PLCHalf Year Results
Glencore PLCHalf Year Results
Gym Group PLCHalf Year Results
Hikma Pharmaceuticals PLCHalf Year Results
Informa PLCHalf Year Results
Meggitt PLCHalf Year Results
Mondi PLCHalf Year Results
Morgan Sindall Group PLCHalf Year Results
Next PLCTrading Statement
Pantheon International PLCFull Year Results
Premier Miton Global Renewables Trust PLCHalf Year Results
Revolution Beauty Group PLCFull Year Results
Rolls-Royce Holdings PLCHalf Year Results
ScS Group PLCTrading Statement
Secure Trust Bank PLCHalf Year Results
Serco Group PLCHalf Year Results
Spirent Communications PLCHalf Year Results
Tritax Big Box REIT PLCHalf Year Results
TT Electronics PLCHalf Year Results
Friday 5 August 
FBD Holdings PLCHalf Year Results
Hargreaves Lansdown PLCFull Year Results
London Stock Exchange Group PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewables Infrastructure Group LtdHalf Year Results
WPP PLCHalf Year Results
Monday 8 August 
Clarkson PLCHalf Year Results
Diversified Energy Company PLCHalf Year Results
Gran Tierra Energy IncQ2 Results
Griffin Mining LtdHalf Year Results
ITM Power PLCFull Year Results
Kosmos Energy LtdQ2 Results
PageGroup PLCHalf Year Results
RM Infrastructure Income PLCHalf Year Results
Tuesday 9 August 
abrdn PLCHalf Year Results
Bellway PLCTrading Statement
Blue Planet Investment Trust PLCFull Year Results
Burford Capital LtdHalf Year Results
Clarkson PLCHalf Year Results
H&T Group PLCHalf Year Results
InterContinental Hotels Group PLCHalf Year Results
IWG PLCHalf Year Results
Just Group PLCHalf Year Results
Legal & General Group PLCHalf Year Results
Quarto Group IncHalf Year Results
RPS Group PLCHalf Year Results
SIG PLCHalf Year Results
TI Fluid Systems PLCHalf Year Results
Zotefoams PLCHalf Year Results
Wednesday 10 August 
4imprint Group PLCHalf Year Results
Aberdeen New India Investment Trust PLCFull Year Results
Admiral Group PLCHalf Year Results
Arix Bioscience PLCHalf Year Results
Atalaya Mining PLCHalf Year Results
Avast PLCHalf Year Results
Aviva PLCHalf Year Results
Baillie Gifford US Growth Trust PLCFull Year Results
BlackRock Energy & Resources Income Trust PLCHalf Year Results
CLS Holdings PLCHalf Year Results
Computacenter PLCTrading Statement
ContourGlobal PLCHalf Year Results
Deliveroo PLCHalf Year Results
Goodwin PLCFull Year Results
Henderson Smaller Cos Investment Trust PLCFull Year Results
Hostelworld Group PLCHalf Year Results
HydrogenOne Capital Growth PLCHalf Year Results
MaxCyte IncQ2 Results
Provident Financial PLCHalf Year Results
Prudential PLCHalf Year Results
Quilter PLCHalf Year Results
S&U PLCTrading Statement
TP ICAP Group PLCHalf Year Results
UK Commercial Property REIT LtdTrading Statement
Videndum PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
27 Jul 2022 09:43

LONDON BROKER RATINGS: Upgrades for Admiral and Legal & General

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
27 Jul 2022 08:34

LONDON BRIEFING: Lloyds beats expectations and raises 2022 guidance

(Alliance News) - Lloyds Banking on Wednesday raised its annual guidance against a beneficial backdrop of rising UK interest rates.

Read more
22 Jul 2022 12:28

LONDON MARKET MIDDAY: Insurers, food delivery shares up; US tech falls

(Alliance News) - European equities recovered from a slow start to achieve solid gains by Friday afternoon, despite poor economic data, while New York-listed technology shares were lower after a grim quarter for social media app Snap.

Read more
22 Jul 2022 08:58

LONDON MARKET OPEN: Flat start after weak UK retail sales; insurers up

(Alliance News) - European equities struggled for direction early Friday, taking a pause for breath after a busy week of central banking action, though UK retail sales gave traders something to chew on ahead of a raft PMI readings.

Read more
20 Jul 2022 09:41

LONDON BROKER RATINGS: Goldman likes Haleon but says sell Schroders

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
18 Jul 2022 17:09

LONDON MARKET CLOSE: Stocks rise as historic US Fed hike fears ease

(Alliance News) - Stocks in London ended higher on Monday as investors reversed bets over a 100 basis points interest rate increase from the US Federal Reserve.

Read more
18 Jul 2022 12:13

LONDON MARKET MIDDAY: Dollar feels heat as Fed rate expectations cool

(Alliance News) - Stocks in Europe were solidly higher midday Monday, as easing US rate hike expectations boosted risk appetite, taking some steam out of a rampant dollar.

Read more
18 Jul 2022 12:00

UK insurers: who to pick?

UK INSURERS: WHO TO PICK?(1059 GMT)

Read more
18 Jul 2022 11:04

Ondo InsurTech shares rise on LeakBot deal with insurer Admiral

(Alliance News) - Shares in Ondo InsurTech PLC rose on Monday after securing a contract with FTSE 100-listed insurer Admiral Group PLC.

Read more
18 Jul 2022 09:46

LONDON BROKER RATINGS: Trio of downgrades for Fevertree; Admiral cut

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
18 Jul 2022 08:56

LONDON MARKET OPEN: Insurers fall; Euromoney surges as backs takeover

(Alliance News) - Stocks in Europe kicked off the new week on the front foot as expectations of a chunky 100 basis point rate hike from the US Federal Reserve ebbed, with markets now largely pricing in a 75 basis point increase.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.