Office of Insurance Services, Inc. (ISO), a subsidiary of Verisk Analytics, is a provider of statistical, actuarial, underwriting, and analytic information; compliance and fraud identification tools; language policy; information about a particular location; and technical services. ISO serves insurance, reinsurance, agents and brokers, insurance regulators, risk managers, and other participants in the property/accident insurance market. Headquartered in Jersey City, New Jersey, USA, this organization serves clients with offices throughout the United States, along with international operations offices in the UK, Israel, Germany, India and China.
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Overview
ISO was established 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. It became a wholly owned subsidiary of Verisk Analytics in October 2009.
ISO provides a number of risk-related services to its clients:
- Fire and building code information
- Service of the insurance channel
- Include standard text for insurance forms
- Data collection service
- Insurance products for agents
- Workers' compensation
- compliance service and medicare resolution claim
The ISO database contains over 19 billion detailed records relating to insurance and risk management, which form the basis for its information services, with two billion records collected each year. ISO employs many members of the Casualty Actuarial Society and other insurance professionals to develop risk-related products and services.
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References
External links
- ISO website
- Yahoo-Finance page at ISO
Source of the article : Wikipedia
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