The acquisition forms part of a broader partnership between MIB and Munich Re aimed at enhancing data access and analytics capabilities to enable more automated and streamlined risk assessments.
The collaboration will be integrated into the MIB EHR platform, which will now combine MIB’s Medical Data Solutions and Clareto’s network to deliver what the companies describe as “a clear market leader amidst a fractured landscape” in electronic medical data access. The enhanced platform promises seamless access to a wider range of electronic medical data sources, along with new summarization options powered by MIB’s RiskRighter and Munich Re’s rapid risk assessment tool, alitheia.
Clients using the combined solution will benefit from expanded record access, flexible data summarization tools, and improved underwriting efficiency. Clareto users will also gain access to MIB’s reflexive services, including automated transitions to traditional attending physician statement (APS) collection when EHR data is not available.
Clareto was originally acquired by Munich Re Life US in 2022. With the transfer of ownership to MIB, both companies are emphasizing their continued collaboration in advancing EHR capabilities across the insurance value chain.
“The advancement of our electronic medical data solution is part of MIB’s broader strategy,” said Jas Awla, President of MIB Medical Data Solutions. “We look forward to expanding our relationships and data sources to become the industry’s one-stop shop not just for medical records, but for all types of underwriting data.”
Mary Forrest, President and CEO of Munich Re North America Life, highlighted the strategic alignment: “This collaboration with MIB will allow us to provide clients with new digital underwriting solutions that accelerate decision-making and enhance customer satisfaction.”
Brian Winikoff, President and CEO of MIB, added, “The process to obtain quality underwriting data remains fragmented and inefficient. Partnering with Munich Re enables us to offer greater access to critical medical data and services that support faster, more confident decisions.”
The acquisition underscores MIB’s ongoing effort to diversify its solutions portfolio and lead the life insurance industry toward more data-driven and automated underwriting practices.
