Overview
Founded in 1971 in a merger of smaller underwriting service organizations, ISO has developed enormous databases of information about hundreds of millions of individual insurance policies, along with a large volume of public records pertaining to fraud, real property, employment screening, and motor vehicles. ISO also monitors regulatory standards and insurance laws, and makes many filings and other communications with regulatory authorities on behalf of its clients.
ISO became a private, for-profit company in 1997. It is owned by its member insurers and employees, and it does not publish detailed financial statements. In the fiscal year ended December, 2008 ISO's revenues were reportedly over $893.6 million. The organization employs 3,500 people worldwide, and the current chairman, president and CEO is Frank J. Coyne.
ISO owns many trademarks.
Read more about this topic: Insurance Services Office