Life Reinsurance
Exceptional Protective Value for Facultative Underwriting
The MIB Checking Service1 is the flagship service offered by MIB, Inc. It is the fastest, most effective way to detect omissions and material misrepresentations on insurance applications. For life reinsurers, MIB is particularly valuable in the underwriting of large, impaired risk cases 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 is an MIB member.
Better Understand the Quality of Ceded Business
Audit Focus Re is the only tool that quickly and easily reviews 100% of newly assumed policies across every ceding company2 to understand the true mortality risk in a reinsurer's entire book of new business. Audit Focus Re gives reinsurers a quantitative metric by which to gauge and monitor risk levels and treaty compliance, in addition to select case-level analysis. Identifying hidden mortality risk lets reinsurers take immediate action to improve the quality of recently ceded business.
2 Valid MIB authorization required.
Audit Focus Re
Be confident that the level of mortality risk in your portfolio is what you expect
Learn more