Insurance Services Office

Not to be confused with International Organization for Standardization or ISO.

For other uses, see ISO (disambiguation).

Insurance Services Office, Inc. (ISO), a subsidiary of Verisk Analytics, is a provider of statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace.^[1] Headquartered in Jersey City, New Jersey, United States,^[2] the organization serves clients with offices throughout the United States, along with international operations offices in the United Kingdom, Israel, Germany, India and China.^[3]

Insurance Services Office, Inc.

Verisk corporate headquarters in Jersey City, New Jersey where Verisk's ISO business is located
Company type	Subsidiary
Founded	1971; 54 years ago (1971)
Headquarters	Jersey City, New Jersey, U.S.
Parent	Verisk Analytics
Website	verisk.com/insurance/brands/iso/

Overview

ISO was formed in 1971 as an advisory and rating organization for the property/casualty insurance industry to provide statistical and actuarial services, to develop insurance programs, and to assist insurance companies in meeting state regulatory requirements.^[4] It became a wholly owned subsidiary of Verisk Analytics in October 2009.^[5]

ISO provides a number of risk-related services to its clients:^[1]

• Fire and building code information
• Insurance lines services
  • Including standardized text for insurance forms
• Collecting the data
• Insurance products for agents
• Workers' compensation
• Medicare compliance and claims resolution services

ISO's databases contain more than 19 billion detailed records relating to insurance and risk management, which form the basis for its information services,^[6] with two billion records collected each year.^[7] ISO employs many members of the Casualty Actuarial Society and other insurance professionals to develop its risk-related products and services.