CertiDeath

The 40-year evolution of a brand to reach the pinnacle in its industry.

Steve Jobs once said, “Innovation distinguishes between a follower and a leader. “ In the death audit and participant locate market, PBI Research is the clear leader and constant innovation has been the catalyst. But it didn’t happen overnight. It started 40 years ago when the company began helping pension funds find unreported pension decedents and locate missing plan participants and beneficiaries. This unrelenting focus to provide accurate data on a consistent basis propelled [...]

John Bikus2024-05-01T14:27:01-05:00May 31st, 2023|News|

Why the DMF isn’t Adequate for Insurance Companies

Identifying deaths has become harder for insurance companies. In 2011, a change to the SSA Death Master File (DMF) fundamentally altered the Death Audit landscape resulting in challenges to Death Audit providers accompanied by a significantly increased burden placed on insurance companies to accurately identify deaths of policyholders. Because of this, missed deaths are leading to overpayments for insurance companies in their Pension Risk Transfer (PRT) and Structured Settlements lines of business. In Long Term Care (LTC), [...]

John Bikus2024-05-01T14:24:57-05:00February 9th, 2023|Death Audit & CertiDeath, Insurance|

How Do You Handle False Positives from the Death Master File?

Death Audit false positives are defined as identifying a decedent who isn’t actually deceased. False positives result in unplanned organizational expense and incorrect payment stoppage. As a result, false positives can be painful to both those sending and receiving ongoing planned payments, e.g. pension plans/participants and beneficiaries, insurance companies/annuitants. Minimizing false positives while maximizing number of decedents identified should be the goal of any Death Audit system. However, it is virtually impossible to avoid [...]

John Bikus2024-04-26T14:46:43-05:00February 25th, 2021|Death Audit & CertiDeath|