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Announced

Completed

MIB completed the acquisition of Clareto.

Synopsis

MIB, a life insurance company, completed the acquisition of Clareto, a life insurance company. Financial terms were not disclosed. "The advancement of our electronic medical data solution is part of MIB's broader strategy. We look forward to expanding our relationships and data sources to advance our capabilities as the life insurance industry's one-stop-shop not just for medical records, but for all types of data needed for underwriting. In addition, we are also excited to align with Munich Re for broad data analytic capabilities tied to electronic health records to streamline underwriting processes for our members," Jas Awla, MIB Medical Data Solutions President.

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