Insurance Companies
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Optimisation of internal processes and risk reduction
Targa Telematics is the leading company in the development of digital solutions for the insurance sector based on connected devices. Thanks to the technical skills, flexibility and extensive knowledge of the sector, we can support insurance companies in managing the new challenges of a deeply evolving market.
In particular, we collect data from connected vehicle devices and transform it into crucial insights for insurance companies, reducing risks and costs associated with fraudulent claims while ensuring greater security and transparency. The modularity of our technology also allows the management of coverage for new sustainable mobility services, such as car sharing or peer-to-peer systems.
In addition, we offer packaged services designed for brokers and intermediaries who want to stand out and remain competitive by offering theft protection services and advantageous insurance policies.
We help every partner achieve their unique goals
Our Insurtech solutions deliver clear and sound value to customers.
- Personalized Pricing – Analyze driving behavior to offer more accurate premiums
- Fraud Prevention – Verify the claims reliability and reducing fraudulent activities
- Claims Optimization – Speed up claim processing with precise incident data
- Enhanced Customer Engagement – Promote safer behavior
- New Revenue Streams – Develop innovative insurance models
Reduction of claims management costs
The ability to use sensors from a wide variety of connected devices allows access to and analysis of data that facilitates the reconstruction of accident dynamics. This information is also used to quickly and reliably determine the responsibilities of the parties involved, reducing disputes and minimizing the risk of fraud. Additionally, the digitalization of claims management processes reduces inefficiencies and accelerates damage settlements.
Objective risk assessment
Our technology provides detailed information on driver behavior, such as speed, sudden braking, duration of use, and more. This data allows for the creation of more detailed and accurate risk profiles based on actual driving styles rather than solely demographic or statistical information.
Accurate profiling enables insurance companies to adjust policy premiums, rewarding safe drivers and mitigating the impact of higher-risk customers.
Customer retention
Accurate customer analyses and profiling allow the identification of potential clusters with new needs to address.
An example is UBI policies: innovative coverage services based on actual vehicle usage, whether quantitative (pay-per-drive or pay-per-mile) or qualitative (pay-how-you-drive). These new products promote differentiation from competitors, attracting high-potential new customers and fostering loyalty among existing ones.
Enhanced safety
Analyzing customers’ driving styles directly encourages more cautious and aware driving behavior. Our solutions can also include communicating driving style assessments directly to drivers, raising awareness of risks during travel. These features contribute directly to reducing the frequency and severity of accidents, improving road safety.
Additionally, emergency call systems like eCall and bCall, integrated into vehicles, ensure rapid emergency response in case of need.
Anti-Theft protection
SVR solutions provide comprehensive vehicle security. We offer solutions with varying levels of protection depending on the type of vehicle and the customer’s specific needs.
Preventive measures analyze vehicle data to precisely identify theft patterns, alerting the vehicle owner in advance. In the event of theft, the 24/7 Control Rooms service can be activated to monitor vehicle locations and assist law enforcement for quick and secure recovery.
Our solutions for you
Be guided by the market leader in the digital transformation of insurance companies.
InsurTech
Solutions to promote safer and more responsible driving, minimize mobility-related risks, and reduce insurance costs
Targa Drive
The smart solution for safer driving and more efficient insurance processes