Data Driven Safety, founded in 2009 and headquartered in Huntersville, North Carolina, has specialized in aggregating data on drivers from law enforcement records, state motor-vehicle departments and court records, on a daily basis. The synthesized information helps insurers reduce costs and manage risks, Verisk said in a news release.
“Adding billions of driver risk records improves the granularity of our innovative risk-indicator solutions and will help customers advance their digital transformation strategies,” said Doug Caccese, president of ISO personal lines at Verisk. “Verisk will be able to provide insurers with a more complete and cost-effective view of auto risk while enabling them to tailor the purchase experience and reward customers that have a history of safe driving practices.”
A purchase price was not disclosed.
Verisk has pledged to safeguard the privacy and security of all driver data and personal information that is collected.
