Targa Telematics has secured first place in the European ranking of fleet usage-based insurance (UBI) providers by Ptolemus Consulting Group.

Targa came out top in the Ptolemus UBI Global Study

The strategy consulting firm for connected mobility recognised Targa for its innovation, capabilities and operational maturity in its UBI Global Study; widely regarded as the most comprehensive report on the global connected auto insurance market.

Now in its fifth edition, the study gives 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.

Its work provides a reference point for stakeholders across the insurance ecosystem, from insurers and brokers to OEMs, solution providers, investor and regulators.

Ptolemus forecasts that 180 million vehicles worldwide will be insured under new digital models by 2035, generating more than €200bn (£173bn) in premiums for insurers.

Targa scored first place in the UBI Global Study after earning the highest combined score for capability, innovation and operational maturity. Its digital solutions support 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.

Frederic Bruneteau, managing director of Ptolemus, said: “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.”

Massimiliano Balbo di Vinadio, vice president sales LA at Targa Telematics

Massimiliano Balbo di Vinadio, vice president sales LA at Targa, said: “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.”

The recognition after Targa took the Frost & Sullivan European Market Leadership Award in 2025 for its digital solutions for fleet management and UBI across Europe. Targa’s portfolio was rated as one of the most comprehensive on the market and rated for its 24/7 proactive support service, commitment to mobility digitisation and sustainability, and ongoing post-sale support.