Digitizing insurance for Canadian carriers, advisors & MGAs with a centralized and standardized digital contracting and compliance solution.
Contracting & Compliance through APEXA℠
Connecting Canadian Carriers, Advisors and MGAs
MIB is simplifying the contracting and compliance process for Canadian carriers, advisors and MGAs through services offered by APEXA, an MIB business.
APEXA is a centralized, standardized all-in-one contracting and compliance solution that connects Canadian life insurance carriers, MGAs, and advisors through a single digital interface. It provides Canadian industry stakeholders with the ability to screen and monitor licensing and compliance, enhancing the process with standardization, clarity, timeliness and efficiency.
Our fully digitized process eliminates paper applications, pre-fills and validates advisor information, reduces cycle time and archives contracts for easy access.
Consolidated Advisor Profile
Apexa integrates advisor compliance and contracting information in a single location, providing tracking and notifications for license requirements and proactive advisor alerts for upcoming license or E&O renewals. Advisor profile changes are automatically shared with MGAs and carriers, updating back-office systems in real-time, and eliminating duplication while reducing workloads.
Compliance Risk Management
APEXA monitors key suitability aspects of the advisor profile (including licenses and E&Os) and provides all parties (carriers, MGAs and advisors) notifications and alerts when action is required.