It became a wholly owned subsidiary of Verisk Analytics in October 2009. ISO's databases contain more than 19 billion detailed records relating to insurance and risk management, which form the basis for its information services, with two billion records collected each year.

AAIS is a licensed statistical agent in 51 jurisdictions, where it collects data that its members can use to meet their regulatory statistical reporting responsibilities. The organization also provides actuarial advice and monitors the regulatory changes in the P&C insurance industry that may impact its members.

The ISO was created in 1971 as an advisory and rating organization for the property and casualty insurance industry. It initially provided statistical and actuarial services and developed programs designed to help insurance companies meet state regulatory requirements.

On your insurance policies, you may see notices showing ISO (Insurance Services Office, Inc.) as the copyright owner. That's because ISO develops and publishes policy language that many insurance companies use as the basis for their products. But your policy is a contract between you and your company.