MIB expands its portfolio of digital solutions with the acquisition of APEXA from RGA

0

APEXA’s platform connects Canadian life insurers, MGAs and advisors through a single digital interface, providing visibility and efficiency to the contracting and compliance process. APEXA’s platform has become the leader in Canadawith 95% of major Canadian life insurance companies and their MGA partners using the service today to connect with over 50,000 independent advisors.

“APEXA was created in partnership with Canadian carriers and MGAs to simplify contract and compliance processes with advisors,” said Dylan Friedman, Vice President and Chief Client Officer of APEXA. “We are thrilled to join MIB, which shares a similar heritage and culture as well as a mission focused on providing innovative tools to advance the life insurance industry.”

With the addition of APEXA, MIB continues to expand its solution portfolio through a combination of internal development, partnership and acquisitions. As a trusted partner to the life insurance industry for over a century, MIB is committed to supporting APEXA customers and the industry with data, analytics and innovative digital solutions to enable customers to assess risk, gain efficiencies and improve customer engagement.

“We are excited to add APEXA to our growing portfolio of digital solutions and expand our reach in the Canadian market,” said Brian Winikoff, CEO of MIB. “APEXA’s innovative and unique platform has been widely adopted in Canada and is well positioned to expand with additional services in Canada and potentially in the United States. We look forward to working with APEXA’s leadership team and partners to continue to advance APEXA’s offering and reach its full potential. »

Additional details about the transaction are not disclosed.

About the MIB

MIB Group Holdings, Inc. is the insurance industry’s most trusted and secure partner for data, information and digital solutions that support underwriting and actuarial decision-making and improve industry efficiency. With close ties to member life insurance companies and a single focus on improving the insurance industry, the MIB is uniquely positioned to provide data-driven solutions that address common challenges in the industry and enable clients to gain efficiency, manage risk and grow profitably. MIB Group Holdings, Inc. provides services through its wholly owned subsidiaries, MIB, LLC, MIB Services, LLC and MIB Solutions, LLC. For more information, visit www.mibgroup.com.

About APEXA

APEXA is a solution led by the Canadian life insurance industry to improve standardization, clarity, speed and efficiency in contracts and compliance for all industry stakeholders. It provides Canadian industry stakeholders with the platform to filter and monitor licensing and compliance where it matters most: as part of a systematic, industry-approved national web-based solution. To learn more, visit www.apexa.ca or follow us on Twitter at www.twitter.com/apexa_corp.

About RGA

Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is one of the world’s leading providers of life reinsurance and financial solutions, with approximately $3.5 trillion of life reinsurance in force and assets of $89.8 billion from March 31, 2022. Founded in 1973, RGA is recognized today for its deep technical expertise in risk and capital management, its innovative solutions and its commitment to serving its clients. With its headquarters at St. Louis, Missouri, and operations worldwide, RGA offers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development and financial solutions. To learn more about RGA and its business, visit the company’s website at www.rgare.com.

Media inquiries:
Betty Jean Lane
Marketing Director
MIB Group Holdings, Inc.
781.980.0017
[email protected]

Lynn Phillips
Vice President, Corporate Communications
Reinsurance Group of America, Incorporated
636-736-2351
[email protected]

Lizzie Curry
Director, Public Relations
Reinsurance Group of America, Incorporated
636-736-8521
[email protected]

SOURCE MIB Group Holdings, Inc.

Share.

Comments are closed.