IAO to work with U.S.-based ISO on products

Markham-based Insurers’ Advisory Organization (IAO) is teaming up with the U.S. Insurance Services Office to create and sell products in both countries. IAO, which is part of the UAB Group, will market ISO forms, rules and loss costs to Canadian companies doing business south of the border, the company says.
Part of the deal involves IAO’s 58 p&c insurance company members becoming associate members of the U.S. organization, explains Earle F. Hamilton, vice president, underwriting management services for IAO. This will allow those companies access to ISO’s loss cost and underwriting information, he adds.
ISO produces a variety of statistical, underwriting and claims products and other insurance information offerings. This includes information on policy language and doing business in different areas throughout the U.S.
IAO, which specializes in physical inspection, ratemaking, risk management and loss services, will also be working with ISO on new products. “We plan to work together on special projects and develop new products that will benefit customers of both firms,” says Chris Cron, ISO’s vice president, international.