MIB, Inc. offers the following underwriting services to insurance and healthcare corporations:

“INSURANCE ACTIVITY INDEX- Identifying frequent shoppers
Even though you’d like to know all of your applicants’ application activity, you often have to take their word for it, unless you’re an MIB member benefiting from the Insurance Activity Index. If you suspect an applicant of loading up on insurance by taking out a series of smaller policies or churning insurance from year to year, you can track the number of times an MIB check was made on their applications during the two years prior to yours for your line of business.

REQUEST FOR DETAILS- When you need to get granular
Not all risk assessments are cut and dry. When you need to verify and validate the contents of a coded report, MIB promotes the sharing of information with the member company that input a particular code.

CHECKING SERVICE- Seeing applications in a whole new light
Often when drawing upon information obtained during an applicant’s previous policy applications for insurance, a different picture appears. Forgetfulness. Willful omission. Outright deception. MIB reports are renowned for exposing a lack of candor in applications early in the process. As a result, MIB member companies are equipped with one of the most potent weapons against undue risk exposure–a proficient instrument enabling them quickly and cost effectively to get them to the point where they can issue with confidence.

FOLLOW UP SERVICE- Casting a larger net
As the industry’s only source for post-policy issue information, the MIB Follow-up Service provides a crucial “second chance” to underwrite based on additional, discovered information during the contestable period. For two years following the original MIB inquiry, this Service alerts members to a policyholder’s medical conditions that were undisclosed at the time of the original application.”

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