Since the Company’s founding in 2002, Drivers History has established itself as the leader in providing previously unavailable court traffic violation data to the automobile insurance industry.
Using court records to prescreen an applicant’s driving history allowed auto insurance carriers to significantly reduce their motor vehicle report (MVR) expenses.
Growth and Expansion
Drivers History pioneered the collection of traffic-related public records in 2002, initially targeting the legal industry. In 2006, Drivers History realized that the data it collected would be useful to auto insurance carriers when assessing driver risk, specifically assisting in underwriting and SIU/Claims support. Using court records to prescreen an applicant’s driving history allowed auto insurance carriers to significantly reduce their motor vehicle report (MVR) expenses, while allowing for 100% visibility into an applicant pool and existing clients. This expansion of knowledge surrounding a driver’s history of traffic infractions began to transform how the auto insurance industry analyzed risk.
After a successful launch in New Jersey, Drivers History made the commitment to launch its offering nationwide in 2010. DocIT, Drivers History’s flagship product, is now available in a number of states with more coming on board every month. Drivers History’s expertise in the collection of public court records is unsurpassed and allows us to quickly ramp up our state availability.
In August 2012, Drivers History received private equity funding from Stadion Capital (Columbus, OH) which will allow for continued rapid expansion of our national footprint. In addition to investing financially in the future of Drivers History, the newly formed Board of Directors will add knowledge and experience from their diverse backgrounds which will help shape and lead the direction of the Company for the foreseeable future.
After successfully partnering with Drivers History to offer the insurance industry access to enhanced individual driving records, TransUnion acquired a majority ownership in December 2014. This combination of two industry leaders will bring enhanced solutions to market that strengthen Drivers History’s offering and leverage Transunion’s connectivity to help carriers increase underwriting precision and efficiency. Additionally a new Board of Directors will add knowledge and experience from their diverse backgrounds to help shape and lead the future direction of the Company.