Insurance Services Office (ISO)

The Insurance Services Office (ISO) is an organization that provides crucial data and tools to the insurance industry. It develops standard insurance policies, collects and analyzes industry data, and offers risk assessment services. By helping insurers evaluate risks and set premiums, ISO promotes consistency and fairness in insurance. Its standards and information enable insurance companies to make informed decisions, ensuring they can price policies accurately and assess claims effectively. Overall, ISO plays a vital role in the insurance landscape, aiding both insurers and policyholders in navigating the complexities of insurance coverage.