Connect with us
European Gaming Congress 2024

Latest News

Targa Telematics Recognized with Frost & Sullivan’s 2024 European Customer Value Leadership Award for Its Pioneering Role in Telematics Insurance Solutions

Published

on

Targa Telematics delivers cutting-edge technology and tailored insurance solutions to its clients, setting a new benchmark in the industry and generating substantial insurance cost savings.

SAN ANTONIO, July 10, 2024 /PRNewswire/ — Frost & Sullivan recently researched the telematics insurance industry and, based on its findings, recognizes Targa Telematics with the 2024 European Enabling Technology Leadership Award. Targa is a leading innovative solution provider that enhances driving behavior analysis, risk assessment, and insurance personalization for short- and long-term rental companies, leasing and insurance operators, and large fleet managers.

Targa’s state-of-the-art technology platform and deep industry knowledge help European insurers stay ahead of the curve by offering comprehensive solutions that encompass hardware, software, and data analytics. The company’s telematics platform provides real-time data on driving behavior, vehicle usage, and environmental conditions, enabling insurers to develop more accurate risk profiles and tailor their policies to individual drivers. By integrating advanced machine learning algorithms and artificial intelligence, the company delivers highly personalized and efficient insurance products that meet the evolving needs of its clients.

A dedication to insurtech innovation and customer-centric solutions is reflected in Targa’s collaborative approach with clients. The company works intimately with insurers to understand their unique challenges and develop tailor-made solutions that cater to their needs. With this collaborative approach, Targa has successfully implemented numerous telematics insurance programs across Europe, providing significant value to insurers and policyholders, reducing accidents, and dramatically lowering costs.

“Moreover, the growing adoption of connected vehicles, coupled with advancements in in-car services, data generation, and safety awareness, has led to increased demand for tailored insurance solutions in Europe. Targa’s expertise in technology and understanding of regional needs positions the company as a valuable partner for insurers seeking to implement successful telematics insurance programs,” said Parduman Satpal, Senior Research Analyst – Mobility Media at Frost & Sullivan.

Advertisement
Stake.com

Targa is positioned at the forefront of this shift, providing insurers with the tools to develop and deploy effective insurtech programs. Moreover, the company enables insurers to enhance risk assessment processes, provide more accurate assessments, and improve customer satisfaction.

With the ability to adapt to regional needs and regulatory environments, Targa has further solidified its position as a leader in the industry. A deep understanding of local markets allows the company to create highly relevant solutions for European markets, such as Spain, France, Belgium, Poland, and Italy. This localized approach ensures that Targa’s clients can meet the ever-evolving needs of their customers while complying with regional regulations and standards.

“[Targa] commands over 35% market share for installed insurance telematics devices across Europe; its diverse range of products tailored to different consumer segments positions it as a comprehensive solution provider for all telematics-related insurance needs,” noted Samantha Fisher, Best Practices Research Analyst.

Each year, Frost & Sullivan presents this award to a company that develops a pioneering technology that enhances current products and enables new product and application development. The award recognizes the high market acceptance potential of the recipient’s technology.

Nicola De Mattia, CEO of Targa Telematics, remarked: “Targa Telematics offers a range of products for the insurance market, enabling the development of detailed and reliable profiles, as well as optimal risk management, both for private and corporate clients and for insurance companies. This award highlights the value that Targa Telematics brings to the insurance market, thanks to its constant drive for digital innovation and its deep understanding of both industry dynamics and the specific needs of insurance clients. A solid positioning recognized internationally, further strengthened by the acquisition of the Viasat Group and Drive-IT”

Advertisement
Stake.com

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Tarini Singh
P: +91- 9953764546
E: [email protected] 

Advertisement
Stake.com

About Targa Telematics
Targa Telematics is one of the leading global players in the field of IoT and in the development of digital solutions and platforms for connected mobility.

With over 20 years’ experience in connected vehicles, it provides technological solutions in telematics, smart mobility and digital IoT platforms for mobility operators. The company targets short- and long-term tenants, large financiers and large fleets, with a range of services from insurance telematics to asset and fleet management, remote diagnostics and telemetry for vehicles, professional and construction site vehicles, as well as airport service vehicle management.

With the acquisition of the Viasat Group in 2023, Targa Telematics has strengthened its presence in European markets, with a strong presence in Italy, England, France, Spain, Portugal, Belgium, Poland and Romania, as well as in Chile, with the capacity to operate within international projects with fully dedicated local teams.

Targa Telematics is a participant in the United Nations Global Compact and shares its principles based on a responsible business approach.

www.targatelematics.com 

Advertisement
Stake.com

TARGA TELEMATICS   
Elena Bellini, Head of Marketing, Cell. 39 335 135 1277 [email protected]   
Susanne Furini, Communication Manager, Cell. +39 345 7274925 [email protected]   

Barabino & Partners 
Camilla Giacomelli, Tel. 0044 (0)7570 561 249 [email protected] 

Photo – https://mma.prnewswire.com/media/2456863/Targa_Telematics_Award.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/targa-telematics-recognized-with-frost–sullivans-2024-european-customer-value-leadership-award-for-its-pioneering-role-in-telematics-insurance-solutions-302191776.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

China remains stabilizing force for global economic growth

Published

on

BEIJING, July 20, 2024 /PRNewswire/ — A report from People’s Daily: In the first six months of this year, China’s economy continued its recovery trend and maintained steady progress.

On July 16, the International Monetary Fund (IMF) released an update to its World Economic Outlook, predicting that China’s economic growth rate will be 5 percent in 2024, an upward revision of 0.4 percentage points from the forecast in April.

The stable operation and long-term positive outlook of the Chinese economy have also boosted confidence in global economic recovery.

The IMF believes that Asia’s emerging market economies, represented by countries including China, remain the main engine of the global economy.

China’s economic growth is not only quantitative but also qualitative.

Advertisement
Stake.com

In the first half of this year, China’s gross domestic product (GDP) grew 5 percent year on year to around 61.7 trillion yuan ($8.49 trillion).

During the period, the country’s total retail sales of consumer goods went up 3.7 percent year on year, with retail sales of services expanding 7.5 percent; investment in infrastructure construction rose 5.4 percent from a year ago while manufacturing investment increased 9.5 percent, signaling burgeoning recovery; and the foreign trade reached a new high, with the goods trade volume reaching 21.2 trillion yuan.

From a medium to long-term perspective, the economic fundamentals that sustain China’s long-term growth remain unchanged, and the trend toward high-quality development in China’s economy has not changed.

China continues to be an important engine and stabilizing force for the world economy.

Facing complex and volatile domestic and international environments, China has maintained stable expansion of its economy and pushed forward industrial upgrading and high-quality development in an orderly manner, spurring the pursuit of high value-added and sustainable economic growth.

Advertisement
Stake.com

Positive factors driving China’s economic transformation, upgrading, and high-quality development have continued to accumulate.

For instance, the country’s output of smart and green products, such as integrated circuits, service robots, new energy vehicles, and solar panels has maintained double-digit growth in the first half of this year.

Besides, the emergence of new consumption scenarios spawned by new technologies like big data and artificial intelligence as well as new consumption models has driven an 8.8 percent year-on-year increase in China’s online retail sales of physical goods during the period.

Meanwhile, China’s energy consumption per unit of GDP has continued to decline.

“With the global economy facing uncertainties and challenges, China’s role as a stabilizing force is more crucial than ever,” pointed out a recent article by Zamir Ahmed Awan, founding chair of Pakistani think tank Global Silk Route Research Alliance.

Advertisement
Stake.com

China’s efforts to deepen reforms across the board have injected strong momentum into the country’s high-quality development and pursuit of Chinese modernization.

Since the 18th National Congress of the Communist Party of China (CPC), China has deepened reforms across the board, with efforts concentrated on making reform more systemic, holistic, and coordinated and on stimulating the dynamism, vitality, and potential of high-quality development.

International observers have paid close attention to the third plenary session of the 20th CPC Central Committee. They believe that China’s economy is undergoing a transition from old to new drivers of growth, and that a smooth transition can be guaranteed by further deepening reforms in a comprehensive manner.

Iqbal Survé, chairman of South Africa’s Independent Media, pointed out that China is building a modern industrial system underpinned by advanced manufacturing and pushing forward reforms, which demonstrates the CPC’s foresight, wisdom, courage, and resolve.

By solidly promoting high-standard opening up, China has opened up vast space for economic development.

Advertisement
Stake.com

During the first six months of this year, China has for the first time released a negative list for cross-border trade in services at the national level, expanded the opening up of value-added telecom services within pilot areas, and introduced new measures to encourage overseas institutions to invest in China’s domestic sci-tech enterprises…

Such policies and measures have demonstrated the country’s resolve to promote reforms and development through opening up.

China is the main trading partner of over 140 countries and regions, with its total volume of foreign trade in goods ranking first globally for seven consecutive years.

China has expanded its circle of friends under the Belt and Road Initiative (BRI) to include more than 150 countries and 30 international organizations, and the ChinaEurope freight train service now reaches over 200 cities in 25 European countries.

In addition, international exhibitions hosted by the country, such as China International Import Expo, China International Fair for Trade in Services, China International Consumer Products Expo, and China International Supply Chain Expo, have served as win-win platforms for mutually beneficial cooperation across different countries.

Advertisement
Stake.com

A prosperous China not only sustains its own future but also provides opportunities for other countries, said an article published on the website of Argentine newspaper Clarin.

The Chinese economy is overcoming challenges and moving steadily forward along the country’s path of high-quality development, which is a defining feature of Chinese modernization.

Looking forward, China will provide more opportunities for countries worldwide and contribute to the stable and sound development of the global economy as it continuously marches toward modernization.

View original content:https://www.prnewswire.co.uk/news-releases/china-remains-stabilizing-force-for-global-economic-growth-302202087.html

Advertisement
Stake.com
Continue Reading

Latest News

RoboSense Sales Volume of LiDAR for ADAS Achieved 487.7% YOY Growth in H1 2024

Published

on

HONG KONG, July 19, 2024 /PRNewswire/ — Recently, RoboSense announced its business progress for the first half year of 2024, demonstrating a high-growth trajectory and maintaining its leadership in the global market. For the six months ended June 30, 2024, RoboSense’s sales volume of LiDAR products and LiDAR products for ADAS applications amounted to approximately 243,400 and 234,500 units, separately reflecting a year-on-year increase of 415.7% and 487.7%.

As OEMs rapidly pursued advancements in intelligent technology, RoboSense achieved nearly its 2023 annual sales volume in the first half year of 2024. RoboSense and the global automotive industry’s intelligent upgrade are progressing and succeeding together. This exponential growth underscores RoboSense’s exceptional capabilities in technological innovation and market expansion, reinforcing our trajectory of outstanding growth as an industry leader.

As of June 30, 2024, RoboSense’s cumulative sales volume of LiDAR have reached approximately 583,500 units, with LiDAR for ADAS approximately 518,300 units. Since pioneering the mass production of LiDAR for ADAS in 2021, RoboSense has demonstrated significant growth, with steadily increasing sales that continue to lead the industry’s development.

Leveraging its powerful LiDAR hardware and perception software technology, as well as leading product performance, RoboSense has made remarkable progress in obtaining vehicle model designs and achieving mass production for various vehicle models. As of May 17, 2024, we have received mass production designation orders for 71 vehicle models from 22 global OEMs and Tier 1 customers. By the end of the first quarter of 2024, we have achieved SOP 25 vehicle models from 12 of these customers.

At the 2024 Auto Beijing Show, RoboSense ranked No.1 with equipment for 37 models, and its occupation was over 50%. As more collaborative vehicle models launch and reach mass production, RoboSense repeatedly shatters records.

Advertisement
Stake.com

In technological innovation and product development, RoboSense continues to launch powerful and technologically advanced products that drive industry progress. In 2024 Q2 and Q3, RoboSense launched the M3, a long-range LiDAR, and the MX, a medium-range LiDAR. In particular, MX gained three new mass production projects shortly after its release, and is expected to realize its first mass production in 2025.

Photo – https://mma.prnewswire.com/media/2465085/RoboSense.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/robosense-sales-volume-of-lidar-for-adas-achieved-487-7-yoy-growth-in-h1-2024–302201601.html

Continue Reading

Latest News

KuCoin Introduces Omnibus Account Structure to Enhance Liquidity for Brokerage Partners

Published

on

VICTORIA, Seychelles, July 19, 2024 /PRNewswire/ — July 23, 2024 – KuCoin, a leading cryptocurrency exchange, is pleased to announce a significant enhancement to its Broker Program, designed to cater to liquidity-seeking partners. This upgraded program enables participants to leverage KuCoin’s superior liquidity and diverse asset offerings across both Spot and Futures markets. With this enhancement, participants can now benefit from KuCoin’s top-tier liquidity, high-revenue shares, unlimited sub-accounts, and independent deposit addresses, allowing for functional flexibility and maintaining their own client management powers.

“Our new brokerage infrastructure is suitable for multiple types of institutional partners, such as crypto exchanges, execution terminals, layer 2 aggregators, OTCs, and traditional financial service providers venturing into crypto,” said Anton Starchenko, Director of Institution Business Development of KuCoin. 

“This upgrade demonstrates our commitment to providing our partners with the tools they need to succeed in the rapidly evolving crypto market.”

By joining the KuCoin brokerage service, brokers gain access to one main broker account with unlimited sub-accounts. Each sub-account features an exclusive deposit address, serving as a wallet to separate funds and trades. Additionally, each sub-account undergoes independent risk checks. These ongoing risk and compliance measures bolster KuCoin’s commitment to protecting partner interests. Broker accounts are subject to separate fee structures, while the broker receives a combined commission based on the cumulative volume across all accounts.

As a leading platform in the cryptocurrency industry, KuCoin is dedicated to providing top-notch security and reliability. The platform employs state-of-the-art security measures, including advanced encryption protocols, multi-factor authentication, and real-time monitoring systems to ensure the safety of users’ assets. KuCoin’s unwavering focus on security and innovation has solidified its reputation as a trusted and forward-thinking exchange in the global crypto market.

Advertisement
Stake.com

For more information about the KuCoin Broker Program and the new omnibus account structure, please visit KuCoin’s official website.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/ .

Contact Us to Join

Telegram: @KuCoin_Broker

Advertisement
Stake.com

Email: [email protected]

Book a Product Call here.

Logo – https://mma.prnewswire.com/media/2356857/4820578/KuCoin_Horizontal_Green_LOGO_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/kucoin-introduces-omnibus-account-structure-to-enhance-liquidity-for-brokerage-partners-302201693.html

Continue Reading

Trending