ISO Preferred Data Partnership

Is statistical reporting consuming resources that are better spent on more strategic initiatives?

The ISO Preferred Data Partnership can save you time, money, and enhance your insurance compliance operations by assisting you with every aspect of statistical data reporting.

Insurance compliance help from the data experts

Insurance Regulatory Compliance

Insurance compliance help from the data experts

Companies can devote up to 10 percent of their IT budgets on insurance regulatory compliance, and yet 40 percent of insurers aren’t satisfied with their IT capabilities for statistical reporting.1

Insurance compliance doesn’t have to drain your resources or overwhelm your operations. Whether you need to reduce errors in your reporting, enhance the efficiency of your compliance resources, or derive more value from your insurance statistics and data, the ISO Preferred Data Partnership can help.

It could cost you up to five times as much to fix inaccurate or incomplete statistical reports as it would if you got it right the first time.2

Simplify your statistical reporting

Data Upload

We work together to understand your business and data reporting challenges.

Statistical And Regulatory Reporting

We develop and automate your statistical reports.

Report Submission

We master and deliver your regulatory and statistical submissions.

How Verisk can help

Whether you license ISO Insurance Policy Programs, use customized or third‑party programs, we can help you:

  • Validate and enhance the quality of your data
  • Minimize reporting errors and their associated costs
  • Optimize your processes and data workflow
  • Respond to special data calls from state regulators
  • Stay abreast of changing regulatory and product developments

Why trust your data reporting to us?

When you become a Preferred Data Partner, Verisk’s data and insurance experts become your experts, helping you to manage your statistical reporting through every stage of the process. No other company can bring this kind of expertise to bear on your insurance compliance and statistical reporting challenges.

Because the Preferred Data Partnership team is embedded within Verisk’s insurance business—including the product, data science, actuarial, and compliance teams—we’re on top of changes that may affect your data reporting requirements.

Who is the ISO Preferred Data Partnership for?

Your business is unique. If you’re looking to drive even greater operational efficiencies from your compliance operations, or improve the quality of your statistical reporting, a traditional statistical agent may not offer the hands-on engagement you need.

With the ISO Preferred Data Partnership, you’ll receive all the services of a traditional statistical agent while gaining access to expertise designed to tailor a customized solution that fits your business and data reporting needs. A broad range of insurance entities—from startups to multi-state carriers, from MGAs to TPAs—can become an ISO Preferred Data Partner.

Through a consultative, customized approach, we work with you to develop a reporting infrastructure that’s reliable, scalable, and responsive to changing regulatory requirements. Contact us below to learn more about Verisk reporting incentives and how we can support your other reporting needs.

There’s a better way to manage your statistical reporting

Expert support for your statistical reporting operations | Preview of PDF

Time and effort invested in triaging and maintaining your stat reporting operations is time and effort you’re not investing in more profitable pursuits.

By becoming an ISO Preferred Data Partner, you can offload reporting overhead, improve your compliance operations, and free up resources for more strategic initiatives.

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Moving the majority of our ISO submission workflow to PDP streamlines our use of ISO web-based applications to accomplish the submissions, and that added time savings is used to focus on data quality and system testing of data reporting changes.

  • Carl Christiansen, CIDM, Vice President, Statistical
  • Mitsui Sumitomo Marine Management (U.S.A.), Inc.

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Contact Us to Learn More

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  1. Novarica Research Partners Program Report: Strategic Technology Issues in Regulatory/ISO Compliance for P&C Insurers
  2. Based on Verisk data