ISO and IAO Join Forces to Offer Broader Range of Insurance Products in Canada and U.S.

January 1, 2011 / 1 min read

MARKHAM, Ontario, Dec. 5, 2001 — Insurance Services Office, Inc. (ISO) and Insurers' Advisory Organization Inc. (IAO) have formed a strategic sales alliance to market products to property/casualty insurance companies doing business in Canada and the United States. IAO will immediately begin to market ISO forms, rules and loss costs to Canadian companies doing business in the United States.

"In time, this will mean a greater number of products and services for the North American property/casualty industry," said Chris Cron, ISO vice president-international. "And not just existing products. We plan to work together on special projects and develop new products that will benefit customers of both firms."

Fifty-eight Canadian property/casualty insurance companies — representing more than 80 percent of Canada's written premium and all major insurance lines — are IAO members. "Through ISO associate membership, our companies will now have greater access to critical underwriting and loss-cost information," said Earle F. Hamilton, IAO vice president — underwriting management services.

Based in Jersey City, N.J., ISO is a leading source of information, products and services related to property and liability risk.

IAO, based in Markham, Ontario, is Canada's recognized leader in physical inspection, ratemaking, risk management and loss prevention. IAO is a subsidiary of Underwriters Adjustment Bureau Ltd., Canada's only One-Stop Risk Shop.

For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting and claims information and analyses; consulting and technical services; policy language; information about specific locations; fraud-identification tools; and data processing. In the United States and around the world, ISO serves insurers, reinsurers, agents, brokers, self-insureds, risk managers, and insurance regulators and other government agencies.

Release: Immediate

Contacts:
Giuseppe Barone / Erica Helton
MWW Group (for ISO)
201-507-9500
gbarone@mww.com / ehelton@mww.com