What does ISO stand for in the context of vehicle insurance?

In the context of vehicle insurance, ISO stands for the International Organization for Standardization. It is an independent, non-governmental international organization that develops and publishes standards across various industries, including insurance. The ISO standards help ensure consistency and quality in practices, making them important for insurance companies to follow when developing policies, assessing risks, and administering claims.

The other options do not accurately represent ISO in the insurance context or do not exist as recognized organizations related to vehicle insurance. The relevance of ISO in insurance comes from its role in standardizing processes and terminology, assisting insurers in establishing clear guidelines to better serve policyholders.