Business
MIB Medical Data Solutions Platform Expands to Provide Real-Time Employment and Income Verification Data from Equifax
MIB, the life insurance industry's trusted partner for data-driven insights and digital services, today announced an agreement with Equifax, a leading commercial source of consolidated employment data. This collaboration will enable MIB to offer access to real-time employment and income verification data, supporting improved financial underwriting and risk management.
About this update from Equifax, Inc.
[{"type":"text","content":"BRAINTREE, Mass., Jan. 21, 2026 /PRNewswire/ -- MIB, the life insurance industry's trusted partner for data-driven insights and digital services, today announced an agreement with Equifax, a leading commercial source of consolidated employment data. This collaboration will enable MIB to offer access to real-time employment and income verification data, supporting improved financial underwriting and risk management.","length":422,"tagName":"p"},{"type":"image","alt":"MIB logo (PRNewsfoto/MIB Group, Inc.)","displaySize":"","headline":null,"caption":"MIB logo (PRNewsfoto/MIB Group, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":160,"url":"https://media.zenfs.com/en/prnewswire.com/a108b736368bd957970723093a2bcef5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Imi.eSeu1pKpBie6JsgL1Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI4MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/a108b736368bd957970723093a2bcef5","width":400,"height":160}},"href":"https://mma.prnewswire.com/media/1555693/MIB_Group_Logo_May_18_2023.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The arrangement will provide access to up to 24 months of employment and income history from Equifax, a Fair Credit Reporting Agency (FCRA) regulated source, drawn from records on over 238+ million individuals - representing more than half of the active U.S. workforce. This information is sourced directly from employers and payroll providers, updated every pay cycle, and is available for use in insurance underwriting.","length":421,"tagName":"p"},{"type":"text","content":"The new service addresses a significant challenge in the industry – misrepresentation or gaps in income information provided by applicants. Verification of employment and income is essential for insurers to assess total coverage justification and to gain insights related to consumer employment stability that may impact policy placement and lapse risk rates. This offering delivers real-time, 24/7 access to robust information including job title, tenure with employer, and income details, helping insurers make more informed decisions.","length":537,"tagName":"p"},{"type":"text","content":"Seamlessly integrated into the MIB Medical Data Solutions (MDS) platform, the service is available to all members, regardless of whether they use other MDS ...