The ISO is best-known for two metrics, including a Public Protection Classification (PPC) rating used to calculate home insurance premiums and an ISO rating that tracks the value of your vehicle and its repair costs. In February 2019, we were again recertified. The Insurance Services Office (ISO) is a research group funded by a group of insurance companies. We earned our first certification in March 2015 and completed successful surveillance audits conducted by an independent party affiliated with ISO in 2016, 20 to maintain our certification. NPI is received from our agents and employees and processed and stored with a third-party co-location at Zayo in Denver, Colo. The purpose of our ISMS is to consistently and effectively manage and protect the non-public information (NPI) we receive and process in the course of providing title insurance underwriting services. ISO also provides their services to reinsurers, third-party insurance administrators, agents, brokers, regulators, and risk managers. ISO helps insurers determine risk using unique data assets and deep domain expertise so that they can accurately price policies. ISO 27001 is a specification for an information security management system (ISMS), while an ISMS is a framework of policies and procedures that includes all legal, physical and technical controls involved in an organization's information risk management processes (IT technical and system as well as process controls). What Does ISO Stand for in Insurance In the insurance world, ISO stands for Insurance Services Office, Inc., a business that is the leading global provider of insurance tools and analytics. We’re the only title insurance underwriter to receive an ISO 27001 certification, validating that we adhere to rigorous International Organization for Standardization (ISO) requirements. The Investigation Division investigates suspected fraud committed by insurance agents, brokers, public adjusters, bail agents, insurance companies and other individuals and entities transacting the business of insurance who perpetrate fraud against consumers.
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