Press release -
Allianz welcomes announcement of the Automated Vehicle Bill in the King's Speech
Allianz welcomes the announcement in the King’s Speech that automated vehicles will be addressed as part of the Automated Vehicles Bill.
Introducing automated vehicles in the UK will provide an exciting opportunity to continue the evolution of vehicle technology, which in turn will help increase road safety for all users. However, it’s essential that the right legislation is in place to ensure its successful and safe adoption and why we’re urging the Government to introduce this Bill as soon as possible.
As part of this, it’s vital the legislation addresses data access. Swift delivery of unbiased information following an incident is crucial to insurers, law enforcement and the road users they work on behalf of. We believe this should be held independently and made available to relevant parties where appropriate. Ultimately, how data is accessed and used needs to be open and transparent, and drivers need to feel confident with how their data is being managed.
Given the significant changes ahead with the introduction of automated vehicles on the UK’s roads, it is essential that there is a joined-up and collaborative approach across all levels of Government and the different sectors involved.
Alexandra Wyard, underwriting director, Allianz Personal
Topics
Regions
About Allianz Holdings plc
Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain including Allianz Insurance
About Allianz
**As of March 31, 2023
***As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.
Cautionary note regarding forward-looking statements
This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
No duty to update
The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.
