Verisk’s iiX Unit Is Selected to Pilot the Texas Driver Record Monitoring Service
JERSEY CITY, N.J., July 7, 2015 — Verisk Analytics (Nasdaq:VRSK), a leading data analytics provider, announced today that its iiX unit has been selected to participate in a pilot of the Texas Driver Record Monitoring Service (DRMS). The new service will enable both employers and insurers to monitor driver records of Texas-licensed employees and -insured drivers for adverse activity, such as a driver license status change or a new moving violation. A Verisk Analytics unit, iiX is a premier provider of motor vehicle reports (MVRs) and preemployment screening services.
“The addition of Texas as a driver-monitoring state is extremely important to insurers, employers, and the general public,” said Robby Hobbs, General Manager of iiX. “Texas is home to almost 15.5 million licensed drivers, representing seven percent of all drivers in the United States. The new program adds a huge pool of drivers that insurers and employers can hold accountable for unsafe driving, improving public and highway safety in Texas and beyond.”
iiX has offered driver-monitoring services to insurers and employers for more than 20 years. For insurers, driver-monitoring programs help reduce risk by providing midterm warnings about serious motor vehicle violations or suspensions. These services help employers take fast action, in accordance with their driver safety rules, when adverse driving activity is identified.
“We are excited and honored to be chosen by the Texas Department of Public Safety as a pilot vendor for its long awaited driver-monitoring program,” continued Hobbs. “Both insurers and employers alike should welcome this added risk management tool, and we are anxious to provide the service. The addition of Texas to our large inventory of driver-monitoring states further positions us as a leader in the underwriting and driver management space.”
Driver-monitoring services for employers are offered through the iiX DriverAdvisor® Monitoring program and for insurers through the Verisk Insurance Solutions™ Driver Monitoring service. Both programs will offer driver-monitoring for Texas starting in the fall of 2015.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy, healthcare, financial services, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.
Giuseppe Barone/Colleen Finley
MWW Group (for Verisk Analytics)