ISO (Insurance Services Office)

ISO, or Insurance Services Office, is a company that provides data, analytics, and standardized policies to the insurance industry. Its primary role is to help insurance companies evaluate risks, set appropriate premiums, and develop clear policy language. By offering detailed statistical insights and standardized forms, ISO ensures consistency and fairness across policies, aiding insurers in managing risk effectively. This benefits consumers by promoting reliable coverage with transparent terms, while also supporting insurers in making informed underwriting decisions.