MIB Group, Inc., the life and health insurance industry’s most trusted and secure resource for data-driven risk management services, is conducting a joint exploration with Tindall Associates, Inc. the premier reinsurance administration software in use in the U.S., to produce solutions to address major challenges in the life insurance industry.
Currently, MIB and TAI are developing data solutions to address several long-standing industry problems. Combining data from MIB and TAI, with approval from participating insurance carriers, will provide answers to questions that have been previously hard to answer, including:
- Identifying whether a new policy would push an applicant over jumbo limits
- Determining if a new policy would grossly over-insure an individual
- Providing useful insights through the coordination of claims information
“TAI’s strong track record in reinsurance and software made this an obvious partnership for MIB,” said Lee Oliphant, President and Chief Executive Officer MIB Group, Inc. “By combining our secure, data-driven services with TAI’s software, we will improve areas throughout the insurance lifecycle from underwriting to claims and in between.”
“Since our founding we have been dedicated to developing software that further benefits the insurance industry,” said Tom Freitas, TAI CEO. “By partnering with MIB, we will be able to create more powerful solutions that will address key pain points for insurance carriers and customers.”
Date: May 16, 2019
Source: Cision