Insurance Europe has reported that the region’s insurance industry, along with nine other European associations representing independent automotive service providers and consumers, have called on the European Commission’s President, Ursula von der Leyen, to urgently deliver vital EU legislation on access to vehicle data.
The group emphasised that after seven years of discussions, the European Commission’s promised plan for legislation on access to in-vehicle data, functions and resources is now more necessary than ever.
Insurers have argued that the EU’s Data Act neither addresses the quasi-monopolistic market structure nor the technical requirements to make equitable data access a reality.
Most modern vehicles are connected and offer immense potential for safer and smarter mobility for European consumers and businesses.
However, the manufacturer’s monopoly over access to vehicle data is limiting service innovation and competition, restricting consumer and business choice, driving up prices and eroding Europe’s competitive position globally, says the firms.
The group argue that the EU must urgently put in place equal access to vehicle-generated data for all market actors by delivering sector-specific legislation that protects consumer choice, encourages real competition and fosters investment.
Yann Arnaud, Director of Responses to Customer Needs & Innovation at MACIF, the French insurer, commented, “There is currently no level playing field in accessing vehicle data which is stifling competition and innovation. The European Commission must stop dragging its feet and urgently put forward EU regulation.
“This will enable insurers to provide better products and services to support the climate transition and improve road safety. It will also help them understand and manage the risks related to new and future forms of mobility, such as autonomous driving. Opening data access will prevent a few big companies controlling data and instead create a competitive market that delivers for Europeans.”
