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TransUnion Enhances Solutions for the Insurance Industry With Majority Ownership of Drivers History

February 4, 2015. Filed Under: Announcements, Partnerships

TransUnion announced today the acquisition of a majority interest in Drivers History, a leading provider of traffic violations and criminal court data. This transaction enhances TransUnion's position as a trusted provider of data and analytic solutions to the insurance industry and strengthens Drivers History's offering and market access by leveraging TransUnion's carrier relationships and connectivity. Although it will retain its operational independence, Drivers History will be expanding its relationship with TransUnion's Insurance business unit for the immediate benefit of both organizations. Financial terms of the deal were not disclosed.

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TransUnion and Drivers History Partner

March 24, 2014. Filed Under: Announcements, Partnerships

TransUnion and Drivers History Partner to Provide Insurance Carriers with Access to Enhanced Individual Driving Records 

Service offers insurers insight into driving records at a fraction of the cost of an MVR

Chicago, March 24, 2014 – TransUnion and Drivers History, a market leader in acquiring, processing/aggregating and distributing traffic and criminal related court data, announced today a new revolutionary service for the insurance industry – TransUnion DriverRiskSM powered by Drivers History.

The service permits auto insurance carriers to supplement their existing processes and identify those drivers with ratable activity, optimizing the use of motor vehicle reports (“MVRs”) while managing expenses. This collaboration also creates a powerful predictor of loss that insurers may integrate into their existing underwriting/rating models. 

The timing of DriverRisk comes as the cost for MVRs, the single largest expense for auto insurance carriers, continues to rise as states increase MVR fees as a source of revenue.
 

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