Which organization is responsible for pooling and analyzing statistics from member insurance companies?

The Insurance Services Office (ISO) plays a crucial role in the insurance industry as it is responsible for pooling and analyzing statistical data from member insurance companies. This organization collects, compiles, and disseminates data regarding policy performance, loss experiences, and other relevant statistics that assist insurers in assessing risk and setting rates. By providing these analytics, ISO helps insurance companies evaluate their practices and make informed decisions regarding underwriting and pricing.

In addition to its statistical functions, ISO also develops standardized policy forms and provides compliance guidance, which is essential in helping insurers maintain consistency and regulatory compliance in their offerings. This contributes to a more efficient insurance market and supports sound underwriting practices.

The other organizations mentioned serve different functions in the insurance landscape; for instance, the National Association of Insurance Commissioners focuses on coordinating regulatory efforts among state insurance regulators, while the Insurance Information Institute is geared more towards education and research about insurance for the general public and industry professionals. The State Insurance Regulatory Board oversees state-level insurance practices and regulations within its jurisdiction. Therefore, ISO’s specific role in statistical pooling and analysis distinctly identifies it as the correct answer.