Reinsurance

MIB Solutions is committed to working with the reinsurance community to develop new products and services. Today, the MIB Checking Service and our Audit Focus product helps life reinsurers enhance business performance. 

Exceptional Protective Value
The MIB Checking Service is the industry’s most effective tool to detect and deter fraud and reduce antiselection, and reinsurers gain exceptional protective value using it for their facultative business. MIB is particularly valuable in the underwriting of large cases and those with impaired risks typically found in facultative venues. Long considered an industry best practice, reinsurers most often specify use of the Checking Service in their treaty agreements on the vast majority of assumed business. Virtually every life reinsurance company in North America belongs to MIB.
MIB Solutions is the exclusive reseller of the MIB Checking Service to reinsurers.

Mortality Risk Understood
Our Audit Focus tool gives reinsurers a unique way to better identify, manage and monitor excess mortality risk in their newly assumed book of business. It looks at 100% of new policies across every ceding company and quickly identifies and measures concentrations of excess mortality risk by key metrics. Audit Focus lets reinsurers be more confident that the level of mortality risk in their portfolio is consistent with their underwriting guidelines.

Audit Focus

Risk Analytics