Who makes up the Medical Information Bureau?

The Medical Information Bureau (MIB) is primarily composed of insurers. This organization serves as a resource for life and health insurers to share medical information about applicants. When individuals apply for insurance coverage, their medical records and history may be evaluated to determine the risk associated with insuring them. The MIB helps insurers identify potential fraudulent claims and provides an additional layer of assessment by compiling relevant health information from various insurance companies.

Insurers contribute data to the MIB, which is then used to provide a comprehensive view of an applicant's medical history to other member companies when necessary. This cooperation among insurers ensures that the underwriting process is thorough and informed, ultimately supporting sound risk management practices within the insurance industry.