Targa Telematics’ know-how permits straightforward claims administration, correct driver profiling for custom-made choices, and several other security measures to make sure most satisfaction.
SAN ANTONIO, Jan. 17, 2023 /PRNewswire/ — Frost & Sullivan just lately researched the telematics usage-based insurance coverage trade and, based mostly 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 satisfy prospects’ wants. Targa develops high-tech options and responds to the market’s newest tendencies with versatile insurance coverage providers, enabling new enterprise fashions. It’s the most vital participant in usage-based insurance coverage telematics and a associate of the largest auto insurance coverage corporations within the nation, Targa’s product portfolio consists of:
- Claims administration answer—fraud recognition, first discover of loss, and reconstruction of accidents
- Driver profiling—danger administration, customized provides, and buyer segmentation.
- Driver security and car safety—theft incidence discount, stolen car restoration, and driver assist
- The telematics field—asset administration and fleet optimization
Targa Telematics created an automotive-specific Web of Issues (IoT) platform and superior IoT units that accumulate and transmit telematic information from autos. The corporate’s open mobility platform processes the collected information to allow new mobility providers and merchandise. The platform is {hardware} and information stream agnostic, permitting it to handle info from authentic gear producers and third-party units. Targa’s {hardware} answer considers the complexity wanted to interface with over 800 car fashions and permits standardized information entry.
Manish Menon, a Frost & Sullivan program supervisor, noticed, “Targa gives prospects with extra correct and dependable danger 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 danger for brand new mobility providers reminiscent of car-sharing.”
Targa’s information analytics permit a extra correct danger evaluation of every occasion and profile for insurance coverage corporations, enabling profile-based charges and new providers to interact, reward, and consequently retain prospects, scale back compensation prices, and stop fraud. Moreover, it may well permit extra appropriate insurance policies and negotiate extra agreeable phrases, lowering insurance coverage premium prices for corporations with car insurance coverage. The corporate’s digital instruments assist operated providers, reminiscent of sanctification, logistics, installations, testing units, and discipline help. Its complete portfolio, extremely expert professionals, and software program instruments decrease the operational affect on the shopper.
Nicola de Mattia, CEO at Targa Telematics, commented: “This award by Frost & Sullivan represents an extra milestone for the corporate which has invested in know-how and innovation since its start. Analysis and growth have at all times been two core values of Targa Telematics and can at all times be. Our staff of specialists’ aim stays to create constant worth for our companions, supporting them within the transformation of their enterprise.”
“Targa stands out from opponents based mostly on its dedication to innovation, creativity, and talent to launch new options with far-reaching affect and utility. Its know-how aids leasing corporations, short-term rental automotive corporations, company fleets, monetary service corporations, automotive sellers, and insurance coverage corporations,” added Manuel Albornoz, a finest practices analysis analyst for Frost & Sullivan. With its customer-centric values and powerful general 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 permits 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 corporations in varied regional and international markets for demonstrating excellent achievement and superior efficiency in management, technological innovation, customer support, and strategic product growth. Trade analysts examine market individuals and measure efficiency by in-depth interviews, analyses, and in depth secondary analysis to establish finest practices within the trade.
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Contact:
Tarini Singh
P: +91-9953764546
E: [email protected]
About Targa Telematics
Targa Telematics is an IT firm with 20 years of expertise in related autos. It provides telematics know-how options, sensible mobility and digital IoT platforms for mobility operators. It addresses brief and long-term rental corporations, finance corporations and huge 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 workers and greater than 950 prospects. Targa Telematics is without doubt one of the corporations collaborating within the UN International Compact and shares its rules based mostly on a accountable enterprise strategy.
For extra info: www.targatelematics.com
TARGA TELEMATICS
Elena Bellini, Head of Advertising and marketing, Cell [+39] 335 135 1277 [email protected]
Susanne Furini, Communication Supervisor, Cell [+39] 345 7274925 [email protected]
Barabino & Companions UK
Giuliana Patrone, Tel.: 0044 (0)20 7152642 [email protected]
Camilla Giacomelli, Tel.: 0044 (0)7570 561 249 [email protected]
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SOURCE Frost & Sullivan
