MIB Group, Inc

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MIB Group, Inc

Medical Information Bureau Group, Inc. A data-pooling service that stores coded information on the health histories of persons who have applied for insurance from subscribing companies in the past.

Most Life and Health insurers in North America subscribe to this bureau to get more complete underwriting information. Per the US Federal Trade Commission, MIB’s member companies account for 99 percent of the individual life insurance policies and 80 percent of all health and disability policies issued in the United States and Canada.
References in periodicals archive ?
The Medical Information Bureau, the central clearinghouse that insurance companies rely on to pool the data you supply whenever you apply for insurance, contains files on millions of Americans.
Immediate access to quickly find: medical underwriting policies (including guidelines), scoring and rating information for applicants and information from external sources such as the Medical Information Bureau and Milliman WebMUGS[TM].
In addition to priceless Medical Information Bureau records, American underwriters are uniquely blessed with electronically acquired pharmacy profiles, motor vehicle reports and various genre of public record information.
The Medical Information Bureau is one of the best and most cost-effective underwriting tools available to life insurance companies.
for a specific neighborhood or zip code; -- Home Sale Reports featuring information on recent home-sale prices in specific neighborhoods throughout the nation; -- Resources to help members access their personal files from agencies such as departments of motor vehicles, Medical Information Bureau and the Social Security Administration; and -- Information on how to be removed from telemarketing and direct mail lists.
Stir in electronically acquired Medical Information Bureau reports, pharmacy profiles, motor vehicle reports and possibly other e-database information, and straight-through engine processing of the vast majority of applications becomes a reality.
Expert underwriting capabilities should include a personal-history interview and electronic links to underwriting data sources like the Medical Information Bureau, motor vehicle records and pharmaceutical databases.
LTC insurers are looking to such databases as the Medical Information Bureau and prescription drug third-party administrators to help mitigate these risks.
The Medical Information Bureau, a nonprofit group that provides information on life insurance customers to life and health insurers, reported that December applications for life insurance increased 11 percent over the previous month and were up 9 percent over December 2000.
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