MIB Solutions, a provider of risk management solutions to the insurance industry, is introducing a new suite of risk management consulting services, Underwriting Risk Management Solutions (URMS).
Underwriting Risk Management Solutions pairs high-risk case data produced by MIB's proprietary Audit Focus tool with a network of select industry underwriting experts who are available for consulting engagements. These consulting engagements are designed to help increase an insurer's underwriting effectiveness, productivity, and gain a better understanding of their risk profile.
"Ratings agencies cite underwriting as a key category of risk that effective enterprise risk management must address," says Douglas Mertz, MIB Solutions vice president of sales. "Audit Focus enables insurers to identify and understand excess mortality risk in their new business. Underwriting Risk Management Solutions extends this capability by providing additional in-depth expert analysis and recommendations, not only through case level audits, but through broader aspects of the underwriting function."
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