Recognition is always welcome, here’s the word from Targa Telematics;
Targa Telematics, one of the world’s leading players in AIoT (Artificial Intelligence of Things) for the development of digital solutions and platforms for connected mobility, has secured first place in the European ranking of fleet Usage-Based Insurance (UBI) providers by PTOLEMUS Consulting Group. Focusing on connected mobility, the strategy consulting firm is well-known for its UBI Global Study, the most comprehensive report on the global connected auto insurance market.
Now in its fifth edition, the study is the result of extensive research and serves as a reference point for stakeholders across the insurance ecosystem, from insurers and brokers to OEMs, solution providers, investors, and regulators. It delivers insights on the key trends, technologies, and business models related to UBI services globally, recognising the companies that offer insurers the most effective combination of technology and performance. Highlighting the strong growth trajectory of UBI, PTOLEMUS forecasts that 180 million vehicles worldwide will be insured under new digital models by 2035, generating more than €200 billion in premiums for insurers.
Targa Telematics achieved first place in the ranking of fleet UBI providers in Europe, earning the highest combined score for capability, innovation and operational maturity. By developing cutting-edge digital solutions, the company supports insurers in designing UBI services based on actual vehicle usage, enabling them to differentiate their offerings, attract new clients, and increase retention among existing customers.
“Targa Telematics ranked first in our European commercial line category thanks to its extensive insurance telematics experience, strong record of delivering large-scale programmes and continued innovation. The maturity of its crash detection and claims management tools also stood out, making Targa a clear leader for insurers looking to strengthen their commercial motor and UBI capabilities,” commented Frederic Bruneteau, Managing Director of PTOLEMUS Consulting Group.
“The first place in the PTOLEMUS ranking of fleet UBI providers in Europe is testament to the strength of our positioning,” said Massimiliano Balbo di Vinadio, Vice President sales LA at Targa Telematics. “We have continuously invested in the development of technologies that support insurers effectively as mobility insurance models rapidly evolve. Our insurance offering builds on our long-standing experience in connected mobility, AIoT, and data, as well as on partnerships with numerous OEMs that allow us to deploy solutions across any vehicle and streamline the implementation of UBI policies – even via smartphone – covering insurance risks associated with emerging mobility models such as car sharing and peer-to-peer services.”
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