Proud to be mentioned as a Sample Vendor for Insurance Telematics 2.0 in Gartner Hype Cycle for Digital Life and P&C Insurance, 2022.
Gartner® Hype Cycle™ for Digital Life and P&C Insurance, 2022(1) “tracks the most significant IT directions in applications, analytics and technologies relevant to life and P&C insurance”. “The Insurance Telematics 2.0 section describes the second generation of vehicle telematics solutions which leverages a range of technologies, data services and hosting options. This approach is used to support various business models, from usage-based insurance to dynamic customer engagement, fraud, accident reconstruction or panoptic personalization”.
Targa Telematics supports its partners and their customers by providing more accurate and reliable risk profiles, effective systems to combat fraud, and detailed, automated, and timely accident reconstructions. Leveraging its fleet management capabilities, the company offers a range of services which include gathering and analyzing driving data, a 24/7 control room, SVT and SVR services, fraud prevention services, e-assistance as well as claims-related data such as crash detection and FNOL. The company’s core capabilities in insurance telematics are related to crash detection and other claims-related telematics features.
Furthermore, Targa Telematics provides its expertise and technology to insurance companies, enabling them to develop innovative usage-based insurance products. Factors that are analyzed for UBI include, for example, speed in relation to the speed limit, seatbelt usage, acceleration/deceleration and milage covered, permitting the co-creation of new flexible insurance products based on pay-per-use and pay-as-you-drive frameworks.
Also the company develops fast, scalable solutions that allow insurance companies to correctly manage the coverage of new sustainable mobility services, such as car sharing and peer-to-peer.
We consider this mention as a great recognition for our striving for innovation.
(1) Gartner®, “Hype Cycle™ for Digital Life and P&C Insurance, 2022”, Laurie Shotton, June 29, 2022.
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