A new driver monitoring service will soon be available to insurers that do business in Texas. Here are some frequently asked questions about the specifics of the program and how to participate.
Q. What is the Texas Driver Record Monitoring Service (DRMS) program?
A. The Texas Department of Public Safety is implementing a new program aimed at increasing access to driving information and improving public safety. The new service will enable personal and commercial auto insurers to monitor driver records for adverse activity, which may include a driver’s license status change or a new moving violation. Verisk Insurance Solutions was selected to facilitate industry access to the information for a period of one year.
Q. When will the Texas DRMS pilot start?
A. The state of Texas expects a June 26 launch. Verisk has been working with the state to test infrastructure and is prepared for the anticipated go-live date.
Q. How will the Texas DRMS program benefit insurers?
A. The Texas DRMS program will allow insurers to improve underwriting and rating processes for policies in force, with quick notice of adverse activity (such as motor vehicle violations) through daily monitoring of policyholder driving records in a state with a sizable population.
Q. What does the DRMS program cost?
A. Interested insurers should contact Verisk for information on pricing.
Katie James is government relations manager for the Verisk Analytics iiX unit. You can reach Katie at firstname.lastname@example.org.