Inspection bureau
Term · Insurance and risk management · MLC-T-INS-001843
An organization that collects and analyzes data related to property and casualty insurance risks, providing underwriting information and loss control recommendations to member insurers. These bureaus often develop standardized rating plans and provide services such as fire protection grading for municipalities. The Insurance Services Office (ISO) is a prominent example.
| Identifier | MLC-T-INS-001843 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001843",
"term": "Inspection bureau",
"field": "Insurance and risk management",
"definition": "An organization that collects and analyzes data related to property and casualty insurance risks, providing underwriting information and loss control recommendations to member insurers. These bureaus often develop standardized rating plans and provide services such as fire protection grading for municipalities. The Insurance Services Office (ISO) is a prominent example.",
"url": "https://mlchart.com/terminology/insurance/inspection-bureau/"
}
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