Since 1971, ISO has been a leading source of information about property/casualty insurance risk. For a broad spectrum of commercial and personal lines of insurance, the company provides statistical, actuarial, underwriting, and claims information; policy language; information about specific locations; fraud identification tools; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK).
ISO’s Claims Analytics division provides data, analytics and decision-support solutions to the personal injury claims industry. Clients use its personal injury database system, Claims Outcome Advisor (COA) to ensure fairness and consistency in settlements. ISO also provides an Application to Application (A2A) interface and case management solution for Ministry of Justice (MoJ) claims. ISO has also introduced a revolutionary and unique technology-driven process (PICAS Plus) that provides for automatic importing of medical reports, valuation of general damages and settlement of personal injury claims. PICAS Plus reduces average claims lifecycles significantly, with the majority of claims being settled in minutes rather than days, weeks or months.