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BRAINTREE, Mass., Nov. 30, 2020 /PRNewswire/ — MIB, the everyday living insurance plan industry’s most trusted and protected partner for info-pushed products and services, declared that it has acquired Paperless Options Group (PSG), a digital options supplier. The acquisition expands MIB’s portfolio of options aimed at building the software and underwriting processes faster and much more economical.

MIB’s expanded portfolio will consist of PSG’s merchandise and instruments that automate and aid the software method, including necessity collecting, signatures, plan supply, application submission and underwriting chance evaluation. These services integrate flexibly and simply with provider programs and enhance MIB’s existing items, which assist insurers evaluate hazard in the course of and soon after the underwriting procedure.

“PSG has a extensive record of provider to the daily life & health space with a distinctive eye to approach advancement,” said Jeff McCauley, President of PSG. “The group and I are extremely fired up to sign up for the MIB Group as we feel the alignment of our merchandise, companies and personnel will convey even additional innovation to the marketplace.”

“The existence insurance policies field is in the early stages of a digital transformation that has only accelerated since the onset of the pandemic,” reported Brian Winikoff, President and CEO of MIB. “PSG’s portfolio of products and solutions are well positioned to aid the industry’s quest to simplify and expedite the insurance policy software course of action and in shape very well with the options MIB presents our purchasers now. Integrating PSG’s platform with our present expert services will permit us to supply next-technology capabilities concentrated on automating the strategy to promoting and underwriting lifestyle insurance plan.”

PSG’s resources can be utilised individually, or on a bundled basis, and are simply integrated into a carrier’s present techniques by sturdy API plug-in capabilities. “We think PSG’s system could provide major price to the everyday living insurance coverage market by streamlining the underwriting course of action and supplying an efficient and responsible portal to collect vital knowledge closer to the position of sale,” mentioned Winikoff. That value is of important importance as the lifetime insurance business seems to be to new technologies to enable them travel efficiencies.

About Paperless Alternatives Group
PSG is a top supplier of cloud-based mostly software package alternatives for the life insurance policy and fiscal providers market. Our products and solutions and products and services provide unparalleled automation and integration for the insurance plan expert services market. These progressive offerings carry out thousands and thousands of transactions per year by enabling the presale, new business enterprise and underwriting, point of sale, and article-sale guidance. To study additional about PSG, please stop by www.psginc.co.

About MIB
MIB Group, Inc. is the lifestyle and wellbeing insurance industry’s most reliable and protected companion for knowledge-pushed possibility management and digital answers that guard the monetary integrity of its associates and clientele although addressing their evolving desires. Owned by its members who span the daily life insurance policy industry, MIB is uniquely positioned to deliver data-driven methods that handle typical field challenges and permit clientele to get efficiencies, deal with their dangers, and mature profitably. For much more facts about MIB, pay a visit to www.mibgroup.com.

Media Inquiries:
Betty-Jean Lane
MIB Group, Inc.
781.751.6135
[email protected]

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Source MIB Group, Inc.