Targa Telematics’ know-how allows simple claims administration, correct driver profiling for custom-made choices, and a number of other security measures to make sure most satisfaction.

SAN ANTONIO, Jan. 17, 2023 /CNW/ — Frost & Sullivan not too long ago researched the telematics usage-based insurance coverage trade and, primarily based on its evaluation outcomes, acknowledges Targa Telematics (Targa) with the 2022 Europe Enabling Know-how Management Award. The corporate uniquely leverages its know-how and human experience to fulfill clients’ wants. Targa develops high-tech options and responds to the market’s newest developments with versatile insurance coverage companies, enabling new enterprise fashions. It’s the most important participant in usage-based insurance coverage telematics and a accomplice of the most important auto insurance coverage firms within the nation, Targa’s product portfolio contains:

2022 European Telematics Utilization-based Insurance coverage Enabling Know-how Management Award

  • Claims administration answer—fraud recognition, first discover of loss, and reconstruction of accidents

  • Driver profiling—threat administration, customized presents, and buyer segmentation.

  • Driver security and automobile safety—theft incidence discount, stolen automobile restoration, and driver help

  • The telematics field—asset administration and fleet optimization

Targa Telematics created an automotive-specific Web of Issues (IoT) platform and superior IoT units that gather and transmit telematic information from autos. The corporate’s open mobility platform processes the collected information to allow new mobility companies and merchandise. The platform is {hardware} and information stream agnostic, permitting it to handle info from unique tools producers and third-party units. Targa’s {hardware} answer considers the complexity wanted to interface with over 800 automobile fashions and permits standardized information entry.

Manish Menon, a Frost & Sullivan program supervisor, noticed, “Targa gives clients with extra correct and dependable threat profiles to cut back accidents, efficient methods to fight fraud, and detailed, automated, and well timed accident reconstructions for claims administration. Insurers additionally assess the chance for brand spanking new mobility companies comparable to car-sharing.”

Targa’s information analytics enable a extra correct threat evaluation of every occasion and profile for insurance coverage firms, enabling profile-based charges and new companies to interact, reward, and consequently retain clients, scale back compensation prices, and forestall fraud. Moreover, it could actually enable extra appropriate insurance policies and negotiate extra agreeable phrases, decreasing insurance coverage premium prices for firms with automobile insurance coverage. The corporate’s digital instruments help operated companies, comparable to sanctification, logistics, installations, testing units, and subject help. Its complete portfolio, extremely expert professionals, and software program instruments reduce the operational impression on the shopper.

Nicola de Mattia, CEO at Targa Telematics, commented: “This award by Frost & Sullivan represents an additional milestone for the corporate which has invested in know-how and innovation since its delivery. Analysis and growth have at all times been two core values of Targa Telematics and can at all times be. Our crew of specialists’ aim stays to create constant worth for our companions, supporting them within the transformation of their enterprise.”

“Targa stands out from rivals primarily based on its dedication to innovation, creativity, and talent to launch new options with far-reaching impression and utility. Its know-how aids leasing firms, short-term rental automobile firms, company fleets, monetary service firms, automobile sellers, and insurance coverage firms,” added Manuel Albornoz, a finest practices analysis analyst for Frost & Sullivan. With its customer-centric values and robust total efficiency, Targa Telematics earns Frost & Sullivan’s 2022 European Enabling Know-how Management Award within the telematics usage-based insurance coverage trade.

Every year, Frost & Sullivan presents this award to an organization that has developed a pioneering know-how that not solely enhances present merchandise but in addition allows the event of latest merchandise and purposes. The award acknowledges the excessive market acceptance potential of the recipient’s know-how.

Frost & Sullivan Finest Practices awards acknowledge firms in varied regional and international markets for demonstrating excellent achievement and superior efficiency in management, technological innovation, customer support, and strategic product growth. Business analysts examine market members and measure efficiency by way of in-depth interviews, analyses, and intensive secondary analysis to determine finest practices within the trade.

About Frost & Sullivan

For six a long time, Frost & Sullivan has been world-renowned for serving to traders, company leaders, and governments navigate financial adjustments and determine disruptive applied sciences, Mega Traits, new enterprise fashions, and firms to motion, leading to a steady circulation of development alternatives to drive future success. Contact us: Begin the dialogue.

Contact:
Tarini Singh
P: +91-9953764546
E: tarini.singh@frost.com

About Targa Telematics

Targa Telematics is an IT firm with 20 years of expertise in linked autos. It presents telematics know-how options, good mobility and digital IoT platforms for mobility operators. It addresses quick and long-term rental firms, finance firms and enormous fleets, starting from insurance coverage telematics to asset and fleet administration, from distant diagnostics and telemetry of autos, skilled and building autos, to the administration of airport autos. In 2021 Targa Telematics recorded a turnover of 49 million euros, has 140 staff and greater than 950 clients. Targa Telematics is likely one of the firms taking part within the UN World Compact and shares its rules primarily based on a accountable enterprise strategy.

For extra info: www.targatelematics.com

TARGA TELEMATICS 

Elena Bellini, Head of Advertising, Cell [+39] 335 135 1277 elena.bellini@targatelematics.com 
Susanne Furini, Communication Supervisor, Cell [+39] 345 7274925 susanne.furini@targatelematics.com

Barabino & Companions UK

Giuliana Patrone, Tel.: 0044 (0)20 7152642 g.patrone@barabino.co.uk 
Camilla Giacomelli, Tel.: 0044 (0)7570 561 249 c.giacomelli@barabino.co.uk

 

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SOURCE Frost & Sullivan

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