Global analytics provider Verisk announced this week that it acquired Data Driven Safety, a leading public record data aggregation firm that specializes in driver risk assessment in the United States.
Jersey City-based Verisk said it is building the future auto insurance ecosystem for insurers today and that the acquisition will expand its robust auto insurance analytics, providing insurers with information to further refine underwriting, improve the customer experience and promote public safety.
Data Driven Safety, with its unique data collection and management platform, gathers information on traffic citations, vehicle accidents and driving records from public sources.
“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.”
Jason Murphy, CEO of Data Driven Safety (DDS), said of the acquisition, “DDS’s mission is to promote public good through the use of public record information. By joining forces with Verisk, we will be able to increase our reach, enhance our solutions, and help a wide range of customers identify safer risks through informed decisioning.”
Verisk did not acquire the criminal conviction (eLuminateHR.com) or health care cost recovery (MVAreCOUP.com) businesses, which will be owned and operated independently by Safer Public, LLC.