MIB Group

What MIB Group does

MIB Group Holdings, Inc. is a member-owned insurance data consortium founded in 1902 by a group of U.S. and Canadian life insurance companies to create an industry-wide database for fraud detection and underwriting risk assessment. Headquartered in Braintree, Massachusetts with a subsidiary office in Gainesville, Florida, MIB operates exclusively for the life insurance industry, with its contributory database and MIB Checking Service reportedly used to underwrite approximately 90% of individually underwritten life insurance policies in the U.S. and Canada and connected to 99.9% of insurers in those markets. The company is 100% aligned with, and owned by, its member life insurers, operating without external institutional shareholders.

The company delivers a multi-platform data solutions stack organized around four core franchises. Code Solutions provides fraud and misrepresentation detection through the Checking Service, Insurance Activity Index, Follow-Up Service Plan-F, Disability Insurance Record Service, Client View, and Aptivity analytics, all anchored by a proprietary MIB coding reference tool. Medical Data Solutions bundles electronic medical record retrieval (MIB EHR Service, now with Individual Access), medical record summarization (RiskRighter, acquired April 2024), and partner integrations with Equifax (employment and income verification covering 238+ million individuals), TransUnion (identity verification), Sherlock (criminal history), and Verisk (motor vehicle records). In Force Data Solutions combines MIB's pending-application data with TAI's in-force data representing 74% of U.S. in-force policies. Digital Solutions operates through the wholly-owned Paperless Solutions Group and APEXA subsidiaries. Actuarial Services includes Life Statistical Services (the statistical agent for NYDFS), Industry Studies, and Cross Check for unclaimed-property compliance.

MIB makes money through recurring membership fees from insurance company members, supplemented by usage-based fees for medical record retrieval and summarization and subscription fees for in-force data, digital workflow, and actuarial services. Go-to-market is enterprise direct sales to U.S. and Canadian carriers and MGAs, supported by the MIB Life Index monthly industry report, regulatory engagement, and active M&A and partnership activity (most recently Clareto and Munich Re Life US in May 2025, Equifax in January 2026, and Agentic Healthcare in April 2026) that extends the product surface beyond traditional fraud detection into integrated medical, financial, and identity data for underwriting.

Name

MIB Group

Legal name

MIB Group Holdings, Inc.

Website

https://mibgroup.com

Company type

Private

Founded year

1902

Operating status

Operating

Headcount range

251–500 employees

Short description

MIB Group is a member-owned insurance data consortium founded in 1902 that provides fraud detection, underwriting risk assessment, and medical data solutions to life insurers in the U.S. and Canada, with its contributory database underwriting approximately 90% of individually underwritten life policies.

Ownership category

akta.pro rank

Product category

Insurance Data and Underwriting Risk Management Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Fraud Investigations & Claims Support (Insurance/Financial) (BPAKAEAD)

akta.pro secondary industry

KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB)

Keywords

• Insurance underwriting data
• Fraud detection services
• Medical records retrieval
• Risk assessment platform
• Actuarial data analytics

Headquarters

HQ city

Braintree

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Membership Fees: Insurance companies pay membership fees for access to exclusive Code Solutions portfolio including fraud detection and underwriting risk assessment services.
2. Medical Data Solutions: Revenue generated from electronic medical records retrieval, data summarization services, and medical data access tools provided to member insurance companies.
3. In Force Data Solutions: Fees for access to in-force and pending application activity data through partnership with TAI, supporting financial underwriting decisions.
4. Actuarial Services: Data analytics, testing, and actuarial services supporting industry studies, regulation and compliance requirements including statistical agent services for NYDFS.
5. Digital Solutions: Revenue from Paperless Solutions Group and APEXA services including application and underwriting tools, e-signature workflows, and contracting/compliance tools.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

MIB Group operates a proprietary contributory data exchange platform that provides fraud detection, underwriting risk assessment, electronic medical records retrieval, medical data summarization, in-force policy analytics, digital workflow automation, and actuarial services exclusively to its member life and health insurance companies in the U.S. and Canada. Its flagship MIB Checking Service is used to underwrite the vast majority of individually underwritten life insurance policies across both markets, with member companies contributing coded medical and insurability information into a shared database to identify misrepresentations, omissions, and over-insurance patterns.

Product overview

MIB Group operates as a data solutions platform for the life insurance industry, offering multiple integrated product lines organized around four core platforms. Code Solutions serves as the flagship platform providing exclusive fraud detection and risk assessment services through a contributory database accessible only to member insurance companies. Medical Data Solutions portfolio encompasses electronic medical data retrieval (MIB EHR), data summarization (RiskRighter), and third-party integrations for employment verification (Equifax), identity verification (TransUnion), criminal history (Sherlock), and motor vehicle records (Verisk). In Force Data Solutions delivers pending and in-force coverage insights through partnership with TAI, including Jumbo Services and Total Line Service. Digital Solutions provides workflow automation through Paperless Solutions Group and compliance tools via APEXA. Actuarial Services supports compliance reporting and industry studies. The MIB Life Index provides monthly market activity analytics. All core services are exclusively available to MIB member companies, with the company leveraging over 100 years of industry connections to facilitate data exchange and fraud prevention.

Differentiator

Problem solved

Functional benefit

Brands

• RiskRighter: Data summarization service providing medical record summarization and risk assessment for life insurance underwriting
• Paperless Solutions Group (PSG)
• APEXA
• MIB Cross Check
• MIB EHR Service
• Aptivity
• MIB Medical Data Solutions

Products and services

• Code Solutions Member-exclusive platform providing fraud detection and underwriting risk assessment services through a contributory database of coded medical and other conditions affecting insurability, accessible only to MIB member insurance companies.
• MIB Checking Service The industry's primary resource for detecting potential misrepresentations or omissions on life insurance applications, using a contributory database exchange of highly confidential coded medical and other conditions affecting insurability between member companies.
• Medical Data Solutions Comprehensive portfolio driving underwriting efficiencies through access to data, tools, and services that streamline medical data collection and support risk management and underwriting processes, integrating electronic medical data, data summarization, employment/income verification, identity verification, criminal history checks, and motor vehicle records.
• MIB EHR Service Electronic medical data retrieval service streamlining underwriting by automating medical data retrieval for life insurers, now including an Individual Access option providing applicant-initiated authorization for expanded medical data access.
• RiskRighter Data summarization service that transforms medical records into summarized output to make the underwriting process more efficient, providing medical record summarization and risk assessment services for life insurers.
• Employment and Income Verification Real-time employment and income verification data service integrated through the Equifax partnership, covering more than 238 million individuals from employers and payroll providers via FCRA-regulated channels and providing job title, employer tenure, and income details for financial underwriting.
• In Force Data Solutions Delivers unique insights leveraging real-time in-force and pending application activity to identify potential risks and in-force optimization opportunities, partnering with TAI to provide the only data solution delivering both in-force and pending application activity insights.
• Digital Solutions Digital tools supporting the digitalization of insurance through Paperless Solutions Group and APEXA, simplifying processes and improving the agent, application, and underwriting experience for carriers, advisors, and MGAs.
• APEXA Contracting and compliance oversight platform making contracting and compliance more efficient for Canadian carriers, advisors, and MGAs.
• Actuarial Services Provides data analytics, testing, and actuarial services supporting industry studies, regulation, and compliance requirements for life insurance carriers, including the Life Statistical Services statistical agent role for the New York State Department of Financial Services.
• MIB Cross Check Identifies deceased policyholders for unclaimed property compliance, supporting regulatory requirements by providing accurate identification to streamline efforts to meet unclaimed property regulations.

Quantifiable outcome

• 52% of total study cases could be decisioned based on EHR alone, without ordering additional data
• +5 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability5 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core.

• Agentic HealthcarecoreTechnology or Integration · 14 April 2026Exclusive partnership to provide Individual Access Services (IAS) for applicant authorization to retrieve health data. Agentic Healthcare provides AI-powered tools and Selfii longitudinal health record platform with connections to over 20 state and regional HIEs covering 128+ million individuals. Uses CLEAR for identity verification.
• EquifaxcoreTechnology or Integration · 23 January 2026Partnership to provide U.S. life insurers with real-time employment and income verification data for financial underwriting and risk management. Data covers more than 238 million individuals from employers and payroll providers, sourced via FCRA regulated channels and updated each pay cycle. Integrated into MIB's Medical Data Solutions platform.
• Munich Re Life UScoreStrategic or Co-development Partner · 2 May 2025Strategic partnership to enhance access to electronic medical data and develop advanced data analytics in the life insurance sector. The deal aims to expand data-driven insights and digital services for underwriting. Munich Re Life US conducted research on EHR adoption in underwriting workflows.
• ClaretocoreTechnology or Integration · 2 May 2025Acquisition to expand access to electronic medical data and enhance MIB's data network capabilities for the life insurance industry.
• RiskRightercoreTechnology or Integration · 29 April 2024Acquired from Crump Life Insurance Services to enhance underwriting services portfolio. Provides risk assessment and medical record summarization services supporting underwriters in the life insurance industry. Now integrated into MIB's Medical Data Solutions platform.
• TAI (Technology and Insurance)coreStrategic or Co-development PartnerStrategic partnership to deliver the only data solution in the industry providing insight into both in-force and pending application activity. TAI represents 74% of all in-force policies in the US and offers the industry's only comprehensive in-force policy management software.
• Paperless Solutions Group (PSG)coreOthersSubsidiary business providing application and underwriting tools, eValuate and eValuate PLUS for streamlined requirements gathering, eSignature workflows, and digital automation for insurance processes.
• APEXAcoreOthersSubsidiary providing contracting and compliance tools for Canadian carriers, advisors and MGAs, making contracting and compliance more efficient.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Verisk Analytics: Verisk provides data analytics and technology to the insurance industry, including life insurance underwriting solutions (e.g., 360factors, AAM, FAST). It competes with MIB's Medical Data Solutions portfolio through its broader insurance vertical offerings and is also an MIB partner (MVR alerts), making it both competitor and collaborator.
• Equifax: Equifax is a major consumer credit bureau and identity verification provider that recently partnered with MIB to provide employment and income verification data covering 238M+ individuals. It is also a competitor for the broader financial data and verification services MIB aggregates for life insurance underwriting.
• LexisNexis Risk Solutions: LexisNexis Risk Solutions provides insurance-specific data, analytics, and identity verification to life and health insurers, competing with MIB's identity verification, fraud detection, and contributory data capabilities. It serves a broader portfolio of insurance and non-insurance customers, making it a broader incumbent in adjacent data services.
• TransUnion: TransUnion provides consumer credit reporting and identity verification data that underpins financial underwriting decisions. MIB resells TransUnion's identity verification services to life insurers, making TransUnion both a partner and an alternative source for the same underlying data types MIB aggregates for its members.
• Sterling (formerly EMSI): Sterling provides background check, criminal history, and identity verification services used across multiple industries including insurance. It competes with MIB's Sherlock integration and broader identity/criminal data offerings, particularly for employer and tenant screening adjacent to insurance underwriting.

Emerging players

• Milliman: Milliman is a global actuarial and consulting firm that provides life insurance industry analytics, data solutions, and risk assessment tools. It competes with MIB's Actuarial Services and Aptivity analytics offerings, particularly for industry studies and carrier benchmarking engagements.

Others

• Clareto (MIB subsidiary): Clareto is a healthcare data interoperability company acquired by MIB in May 2025 to expand electronic medical data access. Pre-acquisition, Clareto was a direct peer to MIB's EHR Service, and it remains a useful comparable for the electronic medical records retrieval space in which MIB now competes.
• Munich Re Life US: Munich Re Life US is a major life reinsurer that entered a strategic partnership with MIB in 2025 to co-develop advanced underwriting analytics. While primarily a reinsurer rather than direct competitor, its data and research capabilities overlap with MIB's analytics services, and it could be a future partner/competitor in underwriting intelligence.

Direct peers

• ExamOne (Quest Diagnostics): ExamOne is the leading provider of paramedical examinations, laboratory testing, and medical record retrieval services for life insurance underwriting. It directly competes with MIB's EHR Service and RiskRighter medical record summarization products, serving the same life insurance carrier customers with similar workflow-integrated services.
• DataCare Corporation: DataCare provides paramedical examination services, medical data collection, and life insurance underwriting support, directly competing with MIB's EHR Service and RiskRighter medical record summarization products in the same life insurance carrier market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MIB_Group
• LinkedInlinkedin.com/company/mib

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MIB Group