“Where the insurance industry shares its intelligence. MIB, Inc. – Issue with confidence”
Concerned with the undisclosed risk posed by fraudulent applicants, 15 Medical Directors organized in 1890 to ensure the livelihood of their businesses, the solvency of the insurance industry, and the fair and equitable pricing of policies. That organization would become MIB. These MIB member companies quickly realized that they already possessed the best resources for determining the accuracy of applicants’ health – their current and former applications. Agreeing to share and analyze this information afforded valuable insights into the true risks they were carrying. More than a century later this integral information exchange is still at work protecting the life, health and disability income insurance industries

“Putting a powerful resource to work”
Today, MIB provides nearly 500 U.S. and Canadian insurance companies access to information of underwriting significance in the form of medical and avocation codes. Its core fraud protection services protect insurers, policyholders and applicants from attempts to conceal or omit information material to the sound and equitable underwriting of life, health, disability income and long term care insurance. MIB facilitates this sharing of information among member companies through a proprietary, secure system for data exchange. This data acts as the vehicle to steer the underwriter’s investigation, providing the insurance industry with a more complete and accurate picture of an insurance applicant’s health situation. MIB provides underwriters the knowledge they need, when they need it.

Source: MIB, Inc. marketing materials

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