Navigation Links
MIB Life Index Reports North American Life Insurance Activity Off 1.9% in November
Date:12/5/2008

BRAINTREE, Mass., Dec. 5 /PRNewswire/ -- North American application activity for individually underwritten life insurance was down -1.9% in November year-over-year, according to the MIB Life Index (SM). Year to date (YTD) U.S. and Canadian activity remained stable, off -1.9% versus the same eleven months last year. November's activity was off -0.9% as compared to October 2008 activity.

U.S. application activity was down -1.8% in November year-over-year, all ages combined. Application activity by age group showed ages 0-44 off -4.3%, ages 45-59 flat at +0.6%, and ages 60+ up a solid +6.2% year-over-year. Activity in the 60+ age group has increased steadily since March 2007. At November's close, YTD U.S. application activity was off -2.3% versus the same eleven months in 2007.

Canadian application activity was off -3.1% in November year-over-year, all ages combined. Activity by age group was flat or declining across the board: ages 0-44 off -4.5%, ages 45-59 flat at -0.5%, and ages 60+ was off -2.1% year-over-year. November's activity diminished YTD figures by a half percentage point, however Canadian application activity remains up +1.3% versus the same eleven months in 2007.

                     Monthly Percent Change vs. 2007

                              U.S.     Canada     Total
    November 2008            -1.8%      -3.1%     -1.9%
    October 2008             -2.3%      +1.1%     -1.8%
    YTD 2008                 -2.3%      +1.3%     -1.9%

                  Monthly Percent Change vs. Previous Month
                       U.S.             Canada               Total
    November 2008     -0.7%              -2.2%               -0.9%

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 an 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
    info@mibsolutions.com


'/>"/>
SOURCE MIB Group, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. MIB Life Index Reports North American Life Insurance Activity Off 1.8% in October
2. Chindex International Inc. Reports Second Quarter FY 2009 Financial Results
3. Chindex International, Inc. Announces Preliminary Second Quarter Results and Improved Revenue Outlook for Fiscal 2009
4. Chindex International, Inc. Announces Appearances at Additional November Conferences
5. Know Your L-Dex(TM) (Lymphedema Index) Awareness Campaign Attracts Large Numbers of Breast Cancer Survivors at Komen Race for the Cure(R) Events
6. Mergent, Inc. Announces Changes to the HealthShares(TM) Infectious Disease and HealthShares(TM) Composite Indexes
7. Chindex International to Report Fiscal 2009 First Quarter Financial Results
8. Chindex International, Inc. Announces CDC Contract Signing
9. Chindexs United Family Healthcare Launches ChinaHealthWatch.org - A global resource for travelers to China
10. Kewaunee Scientific Added to Russell Microcap Index
11. Mesa Laboratories, Inc. Added to the Russell Microcap Index
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... June 26, 2016 , ... ... they have been diagnosed with endometriosis. These women need a treatment plan to ... a comprehensive approach that can help for preservation of fertility and ultimately achieving ...
(Date:6/25/2016)... ... , ... First Choice Emergency Room , the largest network of independent ... Director of its new Mesquite-Samuell Farm facility. , “We are pleased to announce ... Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency Room. , ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article published June ... with. The article goes on to state that individuals are now more comfortable seeking ... common operations such as calf and cheek reduction. The Los Angeles area medical group, ...
(Date:6/24/2016)... ... June 24, 2016 , ... Global law firm Greenberg Traurig, P.A. announced ... attorneys chosen by their peers for this recognition are considered among the top 2 ... received special honors as members of this year’s Legal Elite Hall of Fame: ...
(Date:6/24/2016)... ... 2016 , ... EB Medicine presented its first-ever “Issue of ... in Ponte Vedra Beach, FL. The awards honor the outstanding work of leading ... and Pediatric Emergency Medicine Practice. , “With this award, we recognize the efforts ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 24, 2016 Research and ... "Structural Electronics 2015-2025: Applications, Technologies, Forecasts" report ... In-Mold Electronics, Smart Skin, Structural Health Monitoring, ... Structural electronics involves electronic and/or electrical components ... replacing dumb structures such as vehicle bodies or ...
(Date:6/24/2016)... 2016 Research and Markets has announced ... Diagnostic Tests" report to their offering. ... The World Market for Companion Diagnostics covers ... Market analysis in the report includes the following: ... Diagnostic Kits) by Region (N. America, EU, ROW), 2015-2020 ...
(Date:6/24/2016)... 2016  Arkis BioSciences, a leading innovator in ... durable cerebrospinal fluid treatments, today announced it has ... is led by Innova Memphis, followed by Angel ... investors.  Arkis, new financing will accelerate the commercialization ... release of its in-licensed Endexo® technology. ...
Breaking Medicine Technology: