|
MIB Life Index Reports North American Life Insurance Activity Down 4.5% in April
Friday, May 16, 2008
BRAINTREE, Mass., May 16 /PRNewswire/ -- North American application
activity for individually underwritten life insurance was off -4.5% in April,
year-over-year, according to the MIB Life Index(SM). Year-to-date (YTD) U.S.
and Canadian application activity was off -2.1% compared to the same period
last year. April's activity was off -6.6% when compared to last March.
U.S. application activity was down -5.1% in April year-over-year, all ages
combined. Age groups 0-44 and 45-59 declined -7.3% and -4.1%, respectively
versus April 2007. Continuing a one year plus growth trend, the 60+ age group
was up +4.3% year-over-year. YTD, the 60+ is the only age group exhibiting
growth, up +5.8% compared to the same four month period last year. YTD, U.S.
application activity was off -2.9%, all ages combined.
Canadian application activity was flat for the second consecutive month,
off -0.3% year-over-year, all ages combined. By age group, ages 0-44 were up
+1.9%, while ages 45-59 and 60+ were off -4.1% and -2.9%, respectively
year-over-year. YTD, age group trends are the inverse of those in the U.S.
-- growth in the 0-44 and 45-59 age groups, up +5.8% and +3.1%, respectively
and flat (-0.3%) ages 60+ versus the same four month period last year. YTD,
Canadian application activity was up +4.5% all ages combined.
Monthly Percent Change vs. 2007*
U.S. Canada Total
April 2008 -5.1% -0.3% -4.5%
March 2008 -0.8% +0.2% -0.7%
YTD 2008 -2.9% +4.5% -2.1%
Monthly Percent Change vs. Previous Month*
U.S. Canada Total
April 2008 -7.9% +2.9% -6.6%
*March, April and YTD 2008 percentages have been adjusted to reflect a
Canadian reporting anomaly for the period January-June 2007.
About the MIB Life Index
The MIB Life Index is the life insurance industry's timeliest measure of
application activity across the U.S. and Canada. Released to the media each
month, the Index is based on the number of searches life member company
underwriters perform on the MIB Checking Service database. Since the vast
majority of individually underwritten life premium dollars in North America
include an MIB search as a routine underwriting requirement, the MIB Life
Index provides a reasonable means to estimate new business activity. For past
releases and email subscription visit www.mib.com/lifeindex.
About MIB Group, Inc.
MIB Group, Inc. is the premier provider of Internet-based information and
knowledge services to the risk management market in North America and is a
leading facilitator of electronic insurance commerce. MIB Group, Inc.
companies include MIB, Inc. and MIB Solutions, Inc. (www.mib.com).
Contact:
David O. Aronson
MIB Group, Inc.
781-751-6330
daronson@mib.com
SOURCE MIB Group, Inc.
|
|
|
|
 |
Cost Plus Alerts Consumers in Southern California Area of Suspected Electronic Funds Transfer Unit | Jul 23, 2008
|
|
CPNI upgrades mobile banking platform | Jul 23, 2008
|
|
Life of the South Becomes Fortegra Financial Corporation | Jul 23, 2008
|
|
Quotecatcher Business Services Updates their Credit Card Merchant Buyer's Guide | Jul 23, 2008
|
|
Gaming Revenues Fall, but There are Glimmers of Hope | Jul 23, 2008
|
|
RealNetworks Takes Popular 'Little Shop' Series on the Road | Jul 23, 2008
|
|
RealNetworks and Mattel Announce the Release of 'UNO Undercover' | Jul 23, 2008
|
|
Noted Virtual Economist Vili Lehdonvirta Joins Live Gamer Advisory Board | Jul 23, 2008
|
|
Japanese Conquer Capital in New Zagat Dining Survey | Jul 23, 2008
|
|
Zagat Releases 2009 D.C./Baltimore Dining Survey | Jul 23, 2008
|
|
|
