Navigation Links
MIB Life Index Reports North American Life Insurance Activity up 1.1% in February
Date:3/12/2009

BRAINTREE, Mass., March 12 /PRNewswire/ -- North American application activity for individually underwritten life insurance was up +1.1% in February, year-over-year, according to the MIB Life Index(SM). Application activity from January to February 2009 was up +12.9%. Year-to-date (YTD), North American activity is off -1.7% compared to the same two months last year. Percent changes in February's Life Index may be attributable to the Life Index methodology rather than a change in underlying industry trends*.

U.S. application activity was up +1.0% in February year-over-year, all ages combined. Application volumes for people ages 45-59 and ages 60+ grew by +3.9% and +14.9% respectively, year-over-year while ages 0-44 were off -2.9% in February. Application activity is off -1.6% all ages combined year-to-date.

Canadian application activity increased +1.6% in February year-over-year all ages combined. By age grouping, Canadian application activity mirrored that of the U.S. Application volumes for people ages 45-59 and ages 60+ grew by +6.2% and +12.5% respectively, year-over-year while ages 0-44 were off -2.0% in February. February activity was up +29.2% over prior January, demonstrating growth over the 19-20% characteristic for this time period. Year-to-date, application activity is off -2.3% all ages combined.

                     Monthly Percent Change vs. 2008*
                                  U.S.      Canada     Total
    February 2009                +1.0%      +1.6%      +1.1%
    January 2009                 -4.3%      -6.5%      -4.5%
    YTD 2008                     -1.6%      -2.3%      -1.7%


                  Monthly Percent Change vs. Previous Month*
                                  U.S.     Canada      Total
    February 2008               +10.9%     +29.2%     +12.9%

NOTES:

* Life Index methodology computes net gain or loss over prior periods using average daily volumes: MIB Checking Service volume for life insurance by country divided by number of business days in that country [as determined by the days of operation for the New York and Toronto Stock Exchanges]. Fewer or more business days in a comparative time period account for variations that may at times be impactful. Volatility in Canadian activity is greater than that observed in the U.S. due to lower volume.

The February MIB Life Index, has 1 fewer business day in February 2009 versus February 2008 for the U.S. and Canada. The period February 2009 versus prior January has 2 fewer business days in Canada and 1 fewer in the U.S.

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.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Waist-to-hip ratio may better predict cardiovascular risk than body mass index
2. Dow Jones Sustainability Index Again Recognizes Abbott for Continued Leadership in Business, Environmental and Social Performance
3. HealthShares(TM) Announces Quarterly Rebalancing of HealthShares(TM) Indexes
4. Novo Nordisk Ranks Supersector Leader in the 2007 Dow Jones Sustainability Indexes
5. Glycemic index values are variable, report researchers
6. Russell Investment Group Advises Protalix Biotherapeutics of Index Adjustment
7. HealthShares(TM) Announces Change to the HealthShares(TM) Cardio Devices Index
8. Standard & Poors Announces Change to U.S. Index
9. Conseco Completes Divestiture of Old Block of Fixed and Equity-Indexed Annuities
10. Breaking Study: Masimo Pleth Variability Index (PVI) Shown Effective in Noninvasive Detection of Changes in Ventricular Preload and Fluid Volume
11. HealthShares(TM) Announces Changes to the HealthShares(TM) Diagnostics and Composite Indexes
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... , ... June 27, 2016 , ... TopConsumerReviews.com recently awarded ... Eyeglasses . , Millions of individuals in the United States and Canada wear ... a way to both correct vision and make a fashion statement. Even celebrities use ...
(Date:6/26/2016)... ... June 26, 2016 , ... Pixel Film Studios Released ProSlice Levels, a Media ... give their videos a whole new perspective by using the title layers in ... Studios. , ProSlice Levels contains over 30 Different presets to choose from. ...
(Date:6/26/2016)... Birmingham, Lake Orion, Clarkston, Michigan (PRWEB) , ... ... ... their direction with respect to fertility once they have been diagnosed with endometriosis. ... for tolerable intercourse but they also require a comprehensive approach that can help ...
(Date:6/25/2016)... ... ... closing of Bruton Memorial Library on June 21 due to a possible lice infestation, as ... of head lice: the parasite’s ability to live away from a human host, and to ... one in the event that lice have simply gotten out of control. , As lice ...
(Date:6/25/2016)... ... ... As a lifelong Southern Californian, Dr. Omkar Marathe earned his Bachelors in ... School of Medicine at UCLA. He trained in Internal Medicine at Scripps Green Hospital ... at the UCLA-Olive View-Cedars Sinai program where he had the opportunity to train in ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 24, 2016   Bay Area Lyme Foundation ... Dean Center for Tick Borne Illness , Harvard ... MIT Hacking Medicine, University of California, Berkeley, and ... the five finalists of Lyme Innovation , ... than 100 scientists, clinicians, researchers, entrepreneurs, and investors ...
(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)... Dehaier Medical Systems Ltd. (NASDAQ: DHRM ) ... medical devices and wearable sleep respiratory products in ... with Hongyuan Supply Chain Management Co., Ltd. (hereinafter referred ... to develop Dehaier,s new Internet medical technology business. ... Hongyuan Supply Chain,s sales platform to reach Dehaier,s dealers ...
Breaking Medicine Technology: