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RAC wise to target younger and older motor insurance customers with telematics policies
RAC wise to target younger and older motor insurance customers with telematics policies

Yahoo

time5 days ago

  • Automotive
  • Yahoo

RAC wise to target younger and older motor insurance customers with telematics policies

The RAC is launching two, new forms of telematics insurance; targeting both younger and older customers in the UK. GlobalData's 2024 Emerging Trends Insurance Consumer Survey suggests this is a positive move to attract new customers. It has partnered with the insurtech Ticker and launched a policy targeting young drivers with traditional telematic policies. It will release a pay-per-mile-type policy later this year, which aims to target over 60s who drive fewer miles. GlobalData's survey found that both telematics and pay-per-mile insurance policies were effective ways of increasing customer satisfaction. It found that of global consumers who had a telematics policy, 77.4% of them were either satisfied or very satisfied with the premium savings it led to in their policy. Furthermore, 89.2% would be quite or very likely to recommend this type of policy to a friend. Pay-as-you-go (PAYG) policies had slightly-lower satisfaction rates. They were still strong though, with 6.4% satisfied or very satisfied with its impact on premiums and 84.2% quite or very likely to recommend it to a friend. This highlights the widespread satisfaction levels with telematics and PAYG policies around the world. There can be some skepticism among those who do not have such policies, with many hesitant to share personal data or have their driving judged, but GlobalData's survey strongly suggests that those who do have it are satisfied. Therefore, the data suggests a higher likelihood of renewal. The RAC is not a leading player in the UK motor market at present—GlobalData's 2024 UK Insurance Consumer Survey placed them as the 14th-biggest motor insurer in the UK with a 2.1% share. However, its specific targeting of the two, crucial demographics of younger and older generations appears wise. They are two age groups that require more-tailored treatment due to being higher risk and facing higher premiums. Therefore, if the RAC can market its new products and attract customers, it should see strong retention and even growth via word of mouth. "RAC wise to target younger and older motor insurance customers with telematics policies" was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données

Apple looks to India, Micron adds surcharge: Trending Tickers
Apple looks to India, Micron adds surcharge: Trending Tickers

Yahoo

time08-04-2025

  • Business
  • Yahoo

Apple looks to India, Micron adds surcharge: Trending Tickers

Wealth host Brad Smith and Yahoo Finance Senior Reporter Alexandra Canal examine some of the day's top trending tickers. Apple (AAPL) is reportedly shifting sourcing to India due to US President Trump's tariffs on imports from China, according to reporting from the Wall Street Journal. Starting on Wednesday, Micron Technology (MU) will reportedly add a surcharge on some products to pass on rising costs to customers due to tariffs, Reuters reports. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Now time for some of today's trending tickers. You can scan the QR code below to track the best and worst performing stocks of the session with Yahoo Finances Trending Ticker's page. Joining me now onset, we've got our very own Alexandra Canal, and we're taking a look at a couple of tech names making changes amid President Trump's tariff policies. So let's talk about Apple and Micron. First up, Apple, planning to shift more iPhones to the US from India to offset tariffs on China. That's according to the Wall Street Journal report. New tariffs on goods from China could raise the price to manufacture an iPhone by over 45%, from $580 to $850. That's according to Tech Insights. Because of this, some consumers are rushing to upgrade before tariffs can take effect. Uh I'm checking my model right now. I'm at a 12 Pro Max. I've been thinking about it. I dropped my phone pretty often, so it's kind of cracked right now, and I'm wondering do I just have to go invest. I think you might just need to get a tempered glass screen. I know, I know, that's one of my problems here, but it it really goes to show that tariffs are obviously top of mind for investors, but also top of mind for everyday consumers when it comes to the products that we use every single day. Like we were just discussing, a lot of consumers weighing whether or not you go and upgrade your phone, you get a new iPhone. There's also been a lot of consumers going out there and trying to take advantage of deals from some of their phone carriers like Verizon because there's been some speculation that once the tariffs hit those types of discounts and promotions could go away. And I mean Apple shares, they've just been rocked by these tariffs off 17% over a five-day period. Over $600 billion has just been completely eliminated from the stock over toward the lows of the 52-week range. Um and it's interesting because Apple is planning to spend $500 billion in the United States, which we know Trump loves. He's talked about that often, but this is a company that's very exposed to a lot of those heavily tariffed areas like you think China, India, Vietnam, Thailand. So it'll be interesting with the amount that they're planning to invest in the US, that leads to some exemptions or perhaps a de-escalation of sorts in the coming days and weeks ahead. And you know, so far no no reciprocal tariffs have been implemented yet, but that's all planning to come tomorrow. You know, one of the reasons I need a new iPhone is because I can't even install some apps right now because it requires iOS 17 or greater and um You definitely need a new iPhone though. Oh yeah, has to happen. Next up, let's talk Micron. It's going to impose a surcharge on some products starting Wednesday as tariffs kick in according to Reuters. Micron has manufacturing facilities in China, Taiwan, Japan, Malaysia, and Singapore, all subject to tariffs under President Trump's policies. So we're taking a look at shares here. They are higher by about 3.3%. Yeah, but very similar story to Apple, right? I mean down 20% over a five-day period, low end of the 52-week range, like we just said, heavily exposed to those tariffed countries. They do have US customers that include technology companies, automotive companies. So potential trickle-down effect on the impact that we could see on the consumer side as well. Now what's interesting here is that semiconductors were exempt from these reciprocal tariffs, but for a company like Micron, that just makes up a portion of their portfolio. And they did warn last month during their earnings call that look, they are going to have to raise prices on those consumers. How much and the intensity of that remains to be seen. Uh but again, it just goes to show how big tech is really vulnerable to a lot of these tariffs and also depending on what we see with EU retaliation, it also has me thinking about anti-trust and what laws the EU could potentially say some of these US companies are violating. So there's a big ripple effect here that really goes beyond tariffs when we think about some of the retaliate retaliation, I should say, from these bigger countries. Yeah, you know, for Micron it's also going to come down to what they're saying about demand once they finally do report earnings. We're weeks away from that. However, thinking through what the demand profile and the reception is to them potentially raising prices or adding the surcharge on and what they're hearing from customers. Yeah, demand and then also how heavily these companies are continuing to spend on AI. I mean, we know that's been a big priority for investors, but if these tariffs are going to eventually hit profits, are they going to pull back at all and how will we see that reflected in the stock price? Spot on, Alex. Thanks so much for taking some. Sign in to access your portfolio

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