Insurance Services Office
| File:Logo Verisk Analytics Insurance Services Office.jpg | |
| File:Jersey-city-new-jersy-night.jpg Verisk's corporate headquarters in Jersey City, New Jersey, home to the ISO division | |
| Company type | Subsidiary |
|---|---|
| Founded | 1971 |
| Headquarters | Jersey City, New Jersey, |
| Parent | Verisk Analytics |
| Website | verisk |
Insurance Services Office, Inc. (commonly known as ISO), a division of Verisk Analytics, offers a range of services including statistical analysis, actuarial data, underwriting and claims information, fraud detection and compliance tools, standardized policy language, geospatial data, and technical support. ISO caters to a broad spectrum of stakeholders in the property/casualty insurance sector such as insurers, reinsurers, brokers, agents, regulators, and risk management professionals. The company’s headquarters are situated in Jersey City, New Jersey, with additional offices located throughout the United States and internationally in regions including the United Kingdom, Israel, Germany, India, and China.
Overview
Established in 1971 to serve as a rating and advisory entity for the property/casualty insurance market, ISO provides actuarial and statistical services, develops insurance program frameworks, and supports organizations in adhering to state regulatory standards. In October 2009, it became a fully owned subsidiary of Verisk Analytics.
Among ISO’s key services are:
- Information on fire safety and building regulations
- Standardized insurance form language
- Data acquisition and management services
- Insurance solutions tailored for agents
- Workers’ compensation products
- Services addressing Medicare compliance and claims dispute resolution
The company maintains extensive databases containing over 19 billion detailed insurance and risk management records, with an annual increase of about two billion new entries. ISO’s team includes numerous members of the Casualty Actuarial Society alongside other insurance experts who contribute to the development of its risk assessment products and services.