MIB Acquires RiskRighter, Expanding Portfolio of Underwriting Services
RiskRighter provides support for traditionally inefficient aspects of the underwriting process, leveraging a team of medically trained underwriters that gather and review pertinent information to aid in the mortality and morbidity assessment process. RiskRighter provides a variety of risk assessment services supporting informal inquiries, quick quotes, formal applications and in force policy reviews which streamline client workflows, improve responsiveness and minimize application cycle time. Additionally, RiskRighter's medical record summaries consolidate critical data into a useful and reliable format that enables underwriters to make faster and more accurate decisions.
"MIB is excited to add RiskRighter's capabilities to our Medical Data Solutions portfolio," said
"MIB is a natural fit to to support RiskRighter's clients and expand RiskRighter's reach within the life insurance industry," said
"RiskRighter's products compliment and enhance our Electronic Medical Data Services, providing expanded capabilities that support the review, structuring, and assessment of medical data," continued Caruso. "MIB is committed to expanding RiskRighter's capabilities by powering them with additional technology, while maintaining the high quality that their clients rely on."
Additional details about the transaction are not being disclosed.
About MIB
MIB
About RiskRighter
RiskRighter has established a premier reputation in the life insurance industry through our focus on quality, security, innovation, adaptability, and commitment to service. As a result, RiskRighter is the trusted solution for medical records summarization for a number of insurance providers. These providers have realized considerable financial savings and efficiency gains by utilizing RiskRighter in areas that have traditionally been unprofitable and inefficient. Annually, RiskRighter has produced over 350,000 summaries for clients that include 15 major life insurance carriers and more than 50 brokerage general agency and underwriting services clients.
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