Admiral Group (ADM)

Sector:

Insurance

Index:

FTSE 100

2,590.00p
   
  • Change Today:
      39.00p
  • 52 Week High: 2,837.00
  • 52 Week Low: 2,029.00
  • Currency: UK Pounds
  • Shares Issued: 306.30m
  • Volume: 191,811
  • Market Cap: £7,933m
  • RiskGrade: 91

Facebook blocks Admiral's latest car insurance product

By Michele Maatouk

Date: Wednesday 02 Nov 2016

LONDON (ShareCast) - (ShareCast News) - Admiral's launch of a new app for first-time car owners has been postponed after Facebook blocked the insurer from sifting through the profiles of some of its users to determine what kind of driver they would be as this would breach its usage policy.
With its 'firstcarquote' app, which had been due to launch on Wednesday, Admiral was planning to look at drivers' Facebook profiles to set the cost of their car insurance.

"There's a proven link between personality and how people drive, and our clever technology allows us to predict who is likely to be a safe driver," Admiral said on its website.

"We already know that social media posts can tell us whether a person is a good or a bad credit risk and this is true for cars too. It's scientifically proven that some personalities are more likely to have an accident than others. But standard insurance questions don't tend to measure personality."

Admiral is understood to be in talks with Facebook but for now the insurer's plans have been blocked following criticism from privacy campaigners.

A Facebook spokesman said: "Protecting the privacy of the people on Facebook is of utmost importance to us. We have clear guidelines that prevent information being obtained from Facebook from being used to make decisions about eligibility.

"We have made sure anyone using this app is protected by our guidelines and that no Facebook user data is used to assess their eligibility. Facebook accounts will only be used for login and verification purposes."

The Open Rights Group, an organisation that works to raise awareness of digital rights and civil liberties issues, welcomed Facebook's decision.

Executive director Jim Killock said: "We need to think about the wider consequences of allowing companies to make decisions that affect us financially or otherwise, based on what we have said on social media.

"Such intrusive practices could see decisions being made against certain groups based on biases about race, gender, religion or sexuality - or because their posts in some way mark them as unconventional. Ultimately, this could change how people use social media, encouraging self-censorship in anticipation of future decisions."

Facebook's Platform Policy section 3.15 states that its data should not be used to make decisions about eligibility, including whether to approve or reject an application or how much interest to charge on a loan.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Admiral Market Data

Currency UK Pounds
Share Price 2,590.00p
Change Today 39.00p
% Change 1.53 %
52 Week High 2,837.00
52 Week Low 2,029.00
Volume 191,811
Shares Issued 306.30m
Market Cap £7,933m
RiskGrade 91

Admiral Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.05% below the market average81.05% below the market average81.05% below the market average81.05% below the market average81.05% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
35.42% above the market average35.42% above the market average35.42% above the market average35.42% above the market average35.42% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income
54.60% above the market average54.60% above the market average54.60% above the market average54.60% above the market average54.60% above the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Growth
32.71% below the market average32.71% below the market average32.71% below the market average32.71% below the market average32.71% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 7
Sell 2
Strong Sell 1
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Admiral Dividends

  Latest Previous
  Final Special
Ex-Div 09-May-24 09-May-24
Paid 07-Jun-24 07-Jun-24
Amount 35.40p 16.60p

Trades for 17-Jun-2024

Time Volume / Share Price
12:20 38 @ 2,589.40p
12:18 40 @ 2,590.00p
12:18 2 @ 2,590.00p
12:18 53 @ 2,590.00p
12:17 175 @ 2,591.00p

Admiral Key Personnel

CFO Geraint Jones
CEO Milena Mondini de Focatiis

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