Webinar: How a fresh approach to gauging risk will make modern cars insurable
This new rating system, which scores cars from 1-99 across five assessment bands, has been designed to deliver more accurate insurance premiums. It replaces the current Group Ratings that have been in place for more than 25 years, and takes into account performance, damageability, repairability, safety and security.
Ben Townsend, head of automotive at Thatcham Research, Victor Zhang, UK country director at Omoda and Jaecoo, Scott McCammon, head of motor repair at Admiral and Felix Page, deputy editor at Autocar will discuss what this change means for UK car insurance and the car industry as a whole.
Join our webinar 'How a fresh approach to gauging risk will make modern cars insurable' on 8 May at 11:00 to find out more about this industry-changing shift, how the new rating system works, how the vehicles are assessed, and how Thatcham Research can assist manufacturers with the process.
Click here to sign up
]]>
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27-07-2025
- Yahoo
Investors could get a second chance at this top passive income stock
Shares in Admiral (LSE:ADM) are up 92% in the last three years. There's still a 4.35% dividend yield for income investors who buy now, but I think those who wait might get a chance to buy a world-class FTSE 100 company at a really great price. In my view, this is a stock that all investors should have on their watchlists. There's a lot to like about the business and attractive buying opportunities do present themselves from time to time. Car insurance One of the nice things about car insurance from an investment perspective is that everybody that drives a car needs it. That means there's a durable market for the product. The trouble is, there are a lot of companies in that market. And buyers don't usually care that much about brands or company loyalty – they just want whichever cover is cheapest. If insurers get their pricing wrong, though, they end up paying out more in claims than they take in as premiums and making a loss as a result. That's where Admiral comes to the fore. The firm consistently has one of the best combined ratios – a measure of underwriting profitability – of any UK car insurer. And unlike the things it pays out on, that's not an accident. It comes from Admiral having a technological edge. Its telematics data provides it with better information about drivers and this allows it to assess risk more accurately than its rivals. I don't see a meaningful threat to this on the horizon, so what investors have is a business with a competitive advantage in a non-discretionary industry. And that's a powerful combination. Inflation Given this, investors might wonder what the stock was doing at just over half its current price back in 2022. The answer is the UK was going through a period of high inflation. United Kingdom Inflation Rate 2022-25 Source: Trading Economics That's a nuisance for car insurance companies across the board. It makes repairing and replacing vehicles more expensive and they have to wait until policies expire to increase their prices. Even for a company like Admiral, this can be a genuine risk. But in terms of the stock market, it can also present an opportunity to buy shares in an outstanding business at a great price. Leaving aside share price gains, the firm has returned £4.52 in dividends per share to shareholders since July 2022. That's a return of almost 9% per year by itself. Inflation in the UK is just starting to show signs of picking up again after falling to the Bank of England's target 2% level a year ago. And I think investors should pay close attention. I'm not expecting a return to the 9% inflation levels of 2022. But having missed the opportunity back then, I'm on the lookout for a chance to buy shares in Admiral if the stock falls. Why wait? Right now, Admiral shares come with a 4.35% dividend yield. Given the quality of the underlying business and its competitive position, there's an argument to be made for buying the stock today. I have a lot of sympathy with that argument. But at the very least, I think investors should have the stock on their watchlists and keep a close eye on inflation. The post Investors could get a second chance at this top passive income stock appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Stephen Wright has no position in any of the shares mentioned. The Motley Fool UK has recommended Admiral Group Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Yahoo
Toyota Expands Arizona Operations with Steady Dividends
Toyota Motor Corporation (NYSE:TM) is among the . Toyota Motor North America, a segment of the Toyota Motor Corporation (NYSE:TM), has initiated as much as $50 million in new construction at its Arizona Proving Grounds, as per the company's statement on Wednesday. The initiative comprises a 5.5-mile oval track, an off-road park, and new ride and handling surfaces, scheduled to be completed later this year. Not only this, the company has also unveiled plans to develop a facility for advanced driver assistance technology. This expansion comes as Toyota Motor Corporation (NYSE:TM) sustains its 46-year-long streak of dividend payments. Image by Admiral_Lebioda from Pixabay What's even more exciting is that the investment involves seven different projects, particularly a noise pass-by testing area, the oval track, a 1.5-mile ride and handling course, and a 1.3-mile loop road. By 2026, Toyota Motor Corporation (NYSE:TM) will wrap up additional projects like a 1.7-mile north straight, an off-road park, and a 17-acre VDA resurface. With this vision in mind, there is no doubt TM is among the safest bets. Toyota Motor Corporation (NYSE:TM) is a Japanese company that designs, manufactures, and retails passenger and commercial vehicles. Incorporated in 1933, the company maintains a strong presence across North America, Europe, Asia, Oceania, Africa, and the Middle East, among others. While we acknowledge the potential of TM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Yahoo
Vanguard's 2 New Muni ETFs Have an Advantage Over Mutual Funds
Who wants some beta? Vanguard rounded out its municipal bond fund suite last week with a pair of passively managed tax-exempt funds: the Long-Term Tax-Exempt Bond and New York Tax-Exempt Bond ETFs. The strategies are new, not replicating existing mutual funds from the company's extensive product line. There are, however, two active mutual funds in the same category, the Admiral shares of which charge 9 basis points — the same fee charged by the passive ETFs. But there is still a draw for index-level returns, or beta. 'Some clients just want the beta,' along with the low cost and ease of operation with an ETF, said Perryne Desai, senior fixed income product manager for the two new funds. 'Now that bonds are actually yielding something and they are a safe harbor … there is no better time to be in fixed income. There's no better time to be in munis.' This story was originally published on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Vanguard has been building out its muni bond ETF line for two years, Jeff DeMaso, editor of The Independent Vanguard Adviser, said in a statement about the launch. With the additions, Vanguard has two dozen muni mutual funds and ETFs. The two new products 'won't turn heads but are practical additions to Vanguard's roster,' DeMaso said. And they don't necessarily offer a cost advantage over two existing active mutual funds, unless one takes into account the $50,000 minimum needed for Vanguard's Admiral shares — the Investor shares, which have a $3,000 minimum, charge 17 basis points for the Long-Term and 14 for the New York version. 'If you are willing to own a mutual fund (over an ETF), you can get Vanguard's active management for free,' DeMaso said. 'That's a good deal in my book.' Some of the details about the active funds: The Long-Term Tax-Exempt Fund, at $16.9 billion, has trailing returns of 0.26% over a year, 2.9% over three years, and 0.76% over five years, data from Morningstar show. The New York Long-Term Tax-Exempt Fund, at $5.1 billion, returned 0.28% over a year, 3.04% over three years, and 0.73% over five. Better for the Beta: The new ETFs are managed by Vanguard's fixed income group, whose track record in active management benefits the index team, Desai said, citing the example of the nearly 10-year-old Tax-Exempt Bond ETF, which has a beta of 0.97, according to Morningstar. 'Our tracking error is pretty darn tight, and in municipals, that's difficult to accomplish.' The post Vanguard's 2 New Muni ETFs Have an Advantage Over Mutual Funds appeared first on The Daily Upside.
