Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. GlobalData Plc
  6. News
  7. Summary
    DATA   GB00B87ZTG26

GLOBALDATA PLC

(DATA)
  Report
Delayed London Stock Exchange  -  11:35 2022-12-06 am EST
1195.00 GBX   -2.45%
09:52aGlobaldata : Ample opportunities for utilities willing to invest in EV infrastructure, says GlobalData
PU
12/02Globaldata : Cost of living crisis and trade wars are just some of the factors that are deglobalizing the sustainability agenda, says GlobalData
PU
12/02Globaldata : Australia meat substitutes market to expand at 15.4% CAGR through 2026, forecasts GlobalData
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

GlobalData : Black box uptake in the UK rising in under 30s despite concerns, says GlobalData

04/20/2022 | 12:45pm EST
20 Apr 2022
Black box uptake in the UK rising in under 30s despite concerns, says GlobalData
Posted in Insurance

While young UK drivers have expressed various concerns around the 'Black Box', this has not stopped demand rising, according to GlobalData. A survey by the leading data and analytics company has revealed that 17.3% of under 30s highlighted privacy as an issue, while 27.3% felt uncomfortable with the idea that someone was grading their driving ability, and 31% were put off by the idea that the box had a direct line with their insurer. Despite all of these concerns, uptake of telematic devices among under 30s rose by 28.6% between 2020 and 2021.

Benjamin Hatton, Insurance Analyst at GlobalData, comments: "Given younger consumers' considerable online presence, it is perhaps surprising that they find the idea of data sharing and privacy to be such sticking points when it comes to telematics. Advertising the potential financial savings black boxes and usage-based products can provide may go some way to addressing these concerns. However, there also needs to be a reassurance that these services are intended to help young drivers, rather than acting as a Big Brother that's constantly watching for errors.

"Telematics can unlock discounts for good drivers, which could help young drivers who are subject to considerably greater average premiums for their car insurance. This will become especially important as the cost-of-living crisis continues."

As the UK emerges from the COVID-19 pandemic, many consumers have considered how their driving habits and frequencies have changed.

Hatton continues: "GlobalData's survey indicates that 28.3% of under 30s believe they will be driving fewer miles annually than before the pandemic. Usage-based policies are a great way for low-milage drivers to keep their premiums low, with a growing number of young consumers looking to make use of these policies."

GlobalData forecasts a growing use of mobile devices, in lieu of black boxes, as providers increasingly enhance their digital capabilities.

Hatton adds: "The rollout of 5G networks across the UK will further facilitate mobile telematics. Moving to mobile will also remove installation costs, meaning the services are both more accessible and more affordable."

Disclaimer

GlobalData plc published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 16:44:05 UTC.


ę Publicnow 2022
All news about GLOBALDATA PLC
09:52aGlobaldata : Ample opportunities for utilities willing to invest in EV infrastructure, say..
PU
12/02Globaldata : Cost of living crisis and trade wars are just some of the factors that are de..
PU
12/02Globaldata : Australia meat substitutes market to expand at 15.4% CAGR through 2026, forec..
PU
12/01Globaldata : Meat substitutes go mainstream in Japan, with sales set to rise by 5% CAGR ov..
PU
11/25FIFA World Cup, rising fossil fuel exports to drive Qatar economy at 4.6% in 2022, says..
AQ
11/22Globaldata : Australia should formalize targets to emerge as renewables superpower, says G..
PU
11/17Globaldata : UK Autumn Statement protects healthcare and education, but will result in tou..
PU
11/11Globaldata : Germany to continue to secure gas supplies by leading LNG regasification capa..
PU
11/10Globaldata : #TwitterMigration emerges as top trend among influencers after Elon Musk take..
PU
11/09Globaldata : Warburg Pincus set to disrupt digital insurance space in Southeast Asia with ..
PU
More news
Financials
Sales 2022 237 M 290 M 290 M
Net income 2022 29,2 M 35,7 M 35,7 M
Net Debt 2022 228 M 279 M 279 M
P/E ratio 2022 49,8x
Yield 2022 1,94%
Capitalization 1 343 M 1 644 M 1 644 M
EV / Sales 2022 6,62x
EV / Sales 2023 5,73x
Nbr of Employees 3 624
Free-Float 29,3%
Chart GLOBALDATA PLC
Duration : Period :
GlobalData Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 1 195,00 GBX
Average target price 1 697,50 GBX
Spread / Average Target 42,1%
EPS Revisions
Managers and Directors
Michael Thomas Danson Chief Executive Officer & Director
Graham Charles Lilley Chief Financial Officer, Secretary & Director
Murray Legg Independent Non-Executive Chairman
Peter Martin Harkness Independent Non-Executive Director
Catherine Birkett Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
GLOBALDATA PLC-16.14%1 679
S&P GLOBAL, INC.-23.76%117 223
THOMSON REUTERS CORPORATION4.91%56 322
RELX PLC-3.00%54 411
MSCI, INC.-17.66%41 485
WOLTERS KLUWER0.63%27 418