MIB Signs 50+ Life Insurance Carriers to use MIB EHR (Electronic Health Records) for Underwriting
Innovative Digital Platform Speeds Issuance of Life Insurance
August 26, 2020
Braintree, MA
MIB, the life insurance industry's most trusted and secure resource for the exchange of medical information for underwriting, has reached a key milestone in the industry's adoption of electronic health records—the signing of more than 50 U.S. life insurance carriers to use its MIB EHR platform.
MIB EHR streamlines the life insurance policy issue process by electronically delivering applicant-authorized medical information to life insurance carriers. The systematic retrieval of electronic data lets carriers accelerate risk assessment while, in most cases, eliminating burdensome paramedical exams, thereby improving the overall applicant experience and reducing time-to-issue.
"Our members see immediate benefits from MIB EHR as it assists with ongoing efforts to streamline the life insurance underwriting process," said Brian Millman, MIB Vice President, EHR Solutions. "MIB EHR helps carriers deliver the underwriting efficiencies that are most demanded in today's changing marketplace. We are honored by the trust our member life insurance carriers place in us as shown by our selection as their EHR partner at an increasing adoption rate," stated Millman.
MIB's market position, securely integrated technology platforms, and its deep expertise in applicant-authorized data processes make it ideally suited as the life insurance industry's single-point distributor for electronic health data.
"We continue to aggressively expand our coverage of electronic medical records nationally and make significant investments in MIB EHR for the benefit of the industry," Millman said.
MIB Group, Inc. is the insurance industry’s most trusted and secure partner for data, insights and digital solutions that support underwriting and actuarial decision making and improve industry efficiencies. With deep connections to the life insurance companies who are its members, and a sole focus on improving the insurance industry, MIB is uniquely positioned to provide data-driven solutions that address common industry challenges and enable clients to gain efficiencies, manage their risks, and grow profitably. For more information about MIB, visit www.mibgroup.com.
