Insurance Services Office
Insurance Services Office, a unit of Verisk Analytics, develops standardized insurance policy forms and endorsements that underpin approximately 82% of U.S. property and casualty policies, serving carriers with new AI liability and litigation funding provisions.
- Company typePrivate
- Founded1971
- HeadquartersJersey City, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Insurance Services Office does
Insurance Services Office (ISO) is a wholly-owned operating unit of Verisk Analytics Inc. (NYSE: VRSK), founded in 1971 and headquartered in Jersey City, New Jersey. ISO develops and licenses standardized insurance policy forms, endorsements, and coverage language that serve as the foundational policy framework for approximately 82% of U.S. property and casualty insurance policies. The organization's core product is legally-vetted, regulatorily-compliant policy language adopted by carriers across personal lines, commercial lines, and specialty insurance through licensing arrangements and standard policy renewal processes.
ISO generates revenue primarily through licensing and royalties on its standardized forms and endorsements, distributed directly to insurance carriers via enterprise licensing agreements rather than public pricing. The organization operates as a B2B vertical provider within the P&C insurance industry, with no public pricing disclosure and no traditional consumer-facing marketing channels. In 2026, ISO extended its product line with new optional endorsements covering AI-related bodily injury, property damage, and personal injury — positioned to become the industry-standard treatment for AI liability — as well as provisions requiring disclosure of third-party litigation funding agreements in mass tort claims disputes.
ISO's technology stack centers on proprietary insurance analytics and standardized policy language, with recent expansion into AI-integrated workflows. Through parent Verisk, ISO launched two Model Context Protocol (MCP) connectors for Anthropic's Claude AI in May 2026 (Verisk Underwriting Intelligence and Verisk XactRestore), enabling natural-language access to underwriting, claims, estimating, and restoration data within a governed environment. The integration is positioned to save carriers hundreds of hours annually in underwriting workflows and restoration professionals 30 minutes to 2 hours per estimate, signaling a strategic shift from pure form-licensing toward embedded AI-augmented analytics delivery.
Insurance Services Office firmographics
Firmographics- Name
- Insurance Services Office
- Legal name
- Insurance Services Office
- Website
- https://verisk.com
- Company type
- Private
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Insurance Services Office, a unit of Verisk Analytics, develops standardized insurance policy forms and endorsements that underpin approximately 82% of U.S. property and casualty policies, serving carriers with new AI liability and litigation funding provisions.
- Ownership category
- akta.pro rank
Where Insurance Services Office is headquartered
LocationHeadquarters
- HQ city
- Jersey City
- HQ country
- United States
- HQ region
- North America
Markets served
Insurance Services Office business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Insurance Forms and Endorsements Licensing: ISO develops and licenses standardized insurance policy forms, endorsements and coverage language to insurance carriers. These forms serve as the foundational policy language for property and casualty insurance across the U.S. market, with approximately 82% of policies utilizing ISO forms.
Go-to-market motion1 record
Distribution channels1 record
Insurance Services Office product offering
Product offeringCore offering
ISO develops and licenses standardized property and casualty insurance policy forms, endorsements, and coverage language to insurance carriers. Its forms serve as the foundational policy language for approximately 82% of U.S. property and casualty insurance policies, including new endorsements addressing emerging risks such as AI-related liability and third-party litigation funding.
Product overview
Insurance Services Office (ISO), a unit of Verisk Analytics Inc., provides standardized insurance policy forms and endorsements that underpin the U.S. property and casualty insurance market. ISO's core offerings include optional liability insurance provisions and new AI-related endorsements covering bodily injury, property damage and personal injury. These policy forms serve approximately 82% of U.S. property and casualty policies. ISO also provides compliance tools and legislative compliance resources for insurers.
Differentiator
Problem solved
Functional benefit
Products and services
- AI-Related Liability Endorsements Standardized policy endorsements developed by ISO to help U.S. property and casualty insurance carriers address liability exposures arising from artificial intelligence use by insureds.
- Third-Party Litigation Funding Disclosure Provision Standardized insurance policy provision developed by ISO requiring disclosure of third-party litigation funding, addressing the growing litigation funding exposure for property and casualty carriers.
- Verisk Underwriting Intelligence (Claude AI Connector) AI-enabled underwriting intelligence offering distributed under the Verisk umbrella, providing an MCP connector to Anthropic's Claude AI for property and casualty underwriting workflows.
- Verisk XactRestore (Claude AI Connector) AI-enabled restoration and claims offering distributed under the Verisk umbrella, providing an MCP connector to Anthropic's Claude AI for property restoration workflows.
Quantifiable outcome
- Forms underpin approximately 82% of U.S. property and casualty policies
- +2 more outcomes
Companies that use Insurance Services Office
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Insurance Services Office technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature4 records
Insurance Services Office partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- AnthropiccoreVerisk (parent company of Insurance Services Office) has integrated its insurance analytics into Anthropic's Claude AI through standardized Model Context Protocol (MCP) connectors. This enables insurance and property restoration professionals to access Verisk's underwriting, claims, estimating and restoration data through natural language queries within a secure, governed environment. Two initial connectors are being launched: Verisk Underwriting Intelligence and Verisk XactRestore.
Scale indicators1 record
Recent moves4 records
Expansion highlights4 records
Insurance Services Office competitors and assessment
Company assessmentBroad incumbents
- Verisk Analytics: ISO's parent company and the broader analytics/data platform into which ISO's forms are embedded; directly comparable as the integrated provider of insurance standards, underwriting data and claims analytics used by U.S. P&C carriers.
- LexisNexis Risk Solutions: Provides insurance-grade data, analytics and identity risk intelligence to U.S. P&C carriers; overlaps with ISO/Verisk in underwriting and rating data used alongside ISO policy forms.
- Guidewire Software: Core systems vendor (PolicyCenter, ClaimCenter, RatingCenter) used by many of the same U.S. P&C carriers that license ISO forms; competes with Verisk/ISO as a layer of the carrier insurance stack.
- CCC Intelligent Solutions: Provider of claims, estimating and casualty analytics to U.S. P&C carriers; comparable as a Verisk/ISO partner in the claims and estimating workflows enabled by Verisk XactRestore.
- Mitchell International: Property and casualty claims management, estimating and workflows provider serving many of the same carriers that rely on ISO form language and Verisk claims data.
- Insurity: Insurance software and analytics platform serving U.S. P&C carriers with policy administration, rating and analytics - operating in adjacent layers of the same carrier stack.
- CoreLogic (Insurance Solutions): Property data and analytics provider underwriting many of the same residential and commercial P&C risks that rely on ISO forms; adjacent analytics layer to ISO/Verisk.
Direct peers
- American Association of Insurance Services (AAIS): Advisory organization that develops and files standardized policy forms and statistical plans for U.S. property and casualty insurers - the most direct functional competitor to ISO's form-making role in the personal lines segment.
Others
- Insurance Information Institute (Triple-I): Industry-supported source of insurance information, research and consumer-facing education; comparable to ISO as an industry-wide authoritative voice, though focused on communication rather than standardized forms.
- CLM (Claims and Litigation Management Alliance) / industry litigation funding bodies: Industry consortium and educational body relevant to ISO's litigation funding disclosure endorsement; comparable as an ecosystem participant shaping how carriers respond to third-party litigation funding.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Insurance Services Office social profiles
Digital presenceInsurance Services Office financial estimates
Financial estimateRevenue estimate
Valuation estimate
Insurance Services Office leadership team
Management profileNumber of profiles
Profiles1 record
Insurance Services Office funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Insurance Services Office M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Insurance Services Office
What does Insurance Services Office do?
ISO develops and licenses standardized property and casualty insurance policy forms, endorsements, and coverage language to insurance carriers. Its forms serve as the foundational policy language for approximately 82% of U.S. property and casualty insurance policies, including new endorsements addressing emerging risks such as AI-related liability and third-party litigation funding.
Is Insurance Services Office a public or private company?
Insurance Services Office is a private company. It is classified as corporate owned and is currently operating.
When was Insurance Services Office founded?
Insurance Services Office was founded in 1971. It employs 5,001 to 10,000 people.
Where is Insurance Services Office based?
Insurance Services Office is headquartered in Jersey City, United States, in the North America region.
How does Insurance Services Office make money?
One revenue line is on record: insurance Forms and Endorsements Licensing.
Who are Insurance Services Office's main competitors?
Broad incumbents on record are Verisk Analytics, LexisNexis Risk Solutions, Guidewire Software, CCC Intelligent Solutions, Mitchell International, Insurity and CoreLogic (Insurance Solutions). American Association of Insurance Services (AAIS) is listed as a direct peer. Others are Insurance Information Institute (Triple-I) and CLM (Claims and Litigation Management Alliance) / industry litigation funding bodies.
Does Insurance Services Office have an API?
Yes. Verisk has integrated its insurance analytics into Anthropic's Claude AI through standardized Model Context Protocol (MCP) connectors. The company is launching two initial Claude connectors: Verisk Underwriting Intelligence and Verisk XactRestore, enabling insurance and property restoration professionals to access underwriting, claims, estimating and restoration data through conversational AI within a governed environment. The integration maintains data governance controls.