mib
- Company typePrivate
- Founded1902
- HeadquartersBraintree, United States
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
mib firmographics
Firmographics- Name
- mib
- Legal name
- MIB Group, Inc.
- Website
- https://mib.com
- Company type
- Private
- Founded year
- 1902
- Operating status
- Operating
- Ownership category
- akta.pro rank
mib industry classification
Industry- Product category
- Insurance Underwriting Data Services
- NAICS
- Credit Bureaus (561450)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB)
Keywords
Where mib is headquartered
LocationHeadquarters
- HQ city
- Braintree
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
mib business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Others
Revenue model
- Member Insurance Company Membership: MIB operates as a non-stock membership corporation. Revenue is derived from membership fees or service fees from approximately 360 member life and health insurance companies who use MIB Code Solutions and In Force Data Solutions for underwriting purposes.
- Policy Locator Service Fee: MIB charges a $75 USD non-refundable fee for each Policy Locator Service search request. This fee covers the cost of the search regardless of outcome.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Annual | Free Annual MIB Consumer File Disclosure |
| Unit Pricing | Pay-as-you-go | Policy Locator Service |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels1 record
mib product offering
Product offeringCore offering
MIB provides life and health insurers with a proprietary contributory database and coded information exchange for applicant verification, underwriting risk assessment, fraud detection, and in-force policy analysis. Its portfolio also includes disability records, aggregated application analytics, consumer-file disclosure, and policy-location services.
Product overview
MIB operates as a member consortium offering a portfolio of underwriting information services primarily to life and health insurance companies. The core offering is Code Solutions — a proprietary coded-format database where member companies contribute and retrieve underwriting-relevant information (medical conditions, hazardous avocations, adverse driving records, financial alerts) to detect errors, omissions, or misrepresentations during the insurance underwriting process. Complementary services include In Force Data Solutions for policy-level data, the Disability Insurance Records Service (DIRS) for disability coverage tracking, and the Life Index for aggregated industry trend analysis. For consumers, MIB provides the free annual MIB Consumer File disclosure and reinvestigation service. For families of decedents, the fee-based Policy Locator Service (PLS) searches for evidence of life insurance applications across member companies since 1996.
Differentiator
Problem solved
Functional benefit
Brands
- Code Solutions: Proprietary coded database of underwriting information contributed by member insurance companies for cross-referencing during the insurance underwriting process.
- In Force Data Solutions
- Policy Locator Service (PLS)
- Disability Insurance Records Service (DIRS)
- Life Index
Products and services
- Code Solutions A proprietary coded-format database of underwriting information contributed by MIB member insurers, used to cross-check applicant information and identify errors, omissions, or misrepresentations during underwriting.
- In Force Data Solutions An insurance policy information service that tracks in-force policy data contributed by member companies to support coverage-history verification and Life Index analysis.
- Policy Locator Service (PLS) A fee-based search service for identifying life-insurance application activity at MIB member companies from January 1, 1996 to the present, helping families locate lost or unknown policies for deceased individuals.
- MIB Consumer File Disclosure A free annual disclosure service through which an individual can request the medical and personal underwriting information MIB holds about them and use the reinvestigation process to dispute inaccurate or incomplete information.
- Disability Insurance Records Service (DIRS) A service for member companies underwriting individual disability income insurance to report and retrieve disability benefit application and in-force coverage information.
- Life Index A monthly, de-identified and aggregated analysis of U.S. insurance application trends derived from MIB's database and used as an industry proxy for application activity.
Quantifiable outcome
- 1-2% Consumer File discrepancy rate requiring changes due to inaccurate or incomplete information
- +3 more outcomes
Companies that use mib
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
mib technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
mib partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Munich Re Life UScoreStrategic partnership to expand access to electronic health records (EHRs) and develop advanced data analytics for life insurance underwriting. The collaboration aims to accelerate adoption of electronic medical data, enabling automated risk assessment and replacing higher-cost traditional data sources like blood samples.
Scale indicators6 records
Recent moves4 records
Expansion highlights4 records
mib competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
mib compliance and trust
Trust signalCompliance5 records
mib financial estimates
Financial estimateRevenue estimate
Valuation estimate
mib leadership team
Management profileNumber of profiles
mib subsidiaries and ownership
Company hierarchySubsidiaries2 records
mib funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
mib M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about mib
What does mib do?
MIB provides life and health insurers with a proprietary contributory database and coded information exchange for applicant verification, underwriting risk assessment, fraud detection, and in-force policy analysis. Its portfolio also includes disability records, aggregated application analytics, consumer-file disclosure, and policy-location services.
Is mib a public or private company?
mib is a private company. It is classified as unknown and is currently operating.
When was mib founded?
mib was founded in 1902.
Where is mib based?
mib is headquartered in Braintree, United States, in the North America region.
How does mib make money?
Two revenue lines are on record. Member Insurance Company Membership is the primary driver. The others are policy Locator Service Fee.
Does mib have an API?
No public API is recorded for mib.
What industry is mib in?
mib's product category is Insurance Underwriting Data Services. Its primary akta.pro industry code is FSAGAFAB, KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening). Its NAICS code is 561450 and its SIC code is 7320.