ISO announced today a strategic alliance with IDP, Inc., a SaaS provider for the property/casualty insurance industry, that expands the ISO Preferred Data PartnershipTM — a new program in which ISO collects and refines raw policy data directly from insurers and submits reports on their behalf to regulators across the United States. ISO is a Verisk Analytics (Nasdaq:VRSK) business. As part of the ISO Preferred Data Partnership program, insurers will be able to provide native transactional data on premiums and losses directly to ISO. ISO, with IDP, will then convert the data into usable information and submit statistical and regulatory reports on insurers’ behalf for both basic reporting requirements and special data calls.
Since 1971, ISO has been a leading source of information about property/casualty insurance risk. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a Verisk Analytics (Nasdaq:VRSK) business. For more information, please visit www.verisk.com/iso.
IDP provides SaaS core systems and services and comprehensive bureau reporting services for the property and casualty (P&C) industry. Since 1949, IDP has been a strategic technology partner for carriers, program administrators, and residual market plans to support new business growth, streamline processing, and produce operational cost savings.
Source: Verisk Press Release