Statistical Service

When you participate for Statistical Service, ISO collects your premium and loss data, processes that data to produce aggregate statistics, and reports those statistics to state regulators on your behalf. The service satisfies your legal requirements to report data and gives regulators information from many insurers in common formats.

ISO's data quality standards help check the validity of your data. And ISO undertakes extensive discussions with and services for regulators and legislators to promote cost-effective reporting. ISO's activities often mitigate or avoid burdensome reporting requirements.

When you participate for Statistical Service, you may order statistical circulars; multiple copies of statistical plans, reporting manuals, and actuarial edit definitions; data-editing aids; ISO data-entry service; reports and other products to help you meet individual state reporting requirements; and compilations of your own data in a variety of automated or paper formats.

You may participate for Statistical Service for any combination of jurisdictions and ISO lines of insurance you choose.

When you report detailed data that ISO can use for projecting loss costs, ISO offers financial incentives that reduce your other payments to ISO. If you report in full detail, ISO's statistical credit is typically much greater than the Statistical Service participation fee. So, in effect, ISO pays you to report statistics.