MIB is your long-standing trusted partner in delivering unique data solutions to help advance the life insurance industry.
The name you know and trust, working every day to develop innovative tools and enhanced data solutions.
Insights, news and announcements reflecting our commitment to improving the life insurance industry.
In our recent press release, MIB officially announced the MIB In Force Data Solutions portfolio, including the Jumbo Service and Total Line Service. The In Force Data Solutions from MIB Provide Unique Insights to the Life Insurance Industry. With the Jumbo and Total Line services, the portfolio enables the life insurance industry to identify potential risks and behavioral trends tied to total coverage exposure while minimizing hidden financial risks.
How much adverse risk could your company avoid if your underwriters were fully armed with Total Coverage Exposure Data? Our latest case study, using actual data from one of our members, identified behavior patterns that could indicate lapse or churn risk. Could this be your company?! View our case study to see the actual Total Line Alert for this case study.
Use of electronic medical data is faster and cheaper vs traditional data resources. Can we also say it is overall better for use in life insurance underwriting? In this blog, Carolyn McAvinn, FLMI, AALU, PMC-IV comments on this question.
U.S. life insurance application activity continued to grow in February, with Year-over-Year (YOY) activity up +3.0%. When comparing February 2023 to the same month in prior years, activity was flat at -1.0% compared to 2021, up +6.3% compared to 2020 and up +7.9% compared to 2019.