ISO announced a strategic alliance with IDP, Inc., a SaaS provider for the property/casualty insurance industry, that expands the ISO Preferred Data Partnership  - a new program in which ISO collects and refines raw policy data directly from insurers and submits reports on their behalf to regulators across the United States. ISO is a Verisk Analytics (Nasdaq:VRSK) business.

As part of the ISO Preferred Data Partnership program, insurers will be able to provide native transactional data on premiums and losses directly to ISO. ISO, with IDP, will then convert the data into usable information and submit statistical and regulatory reports on insurers' behalf for both basic reporting requirements and special data calls.