Life Insurance Activity Shows Continued Recovery In September
Braintree, MA. (October 5, 2017) — U.S. individually underwritten life insurance activity continued to improve in September with the MIB Life Index composite just slightly below par,
off -0.6%, year-over-year. The Index has shown steady improvement since Q1 2017's sharp
-4.5% decline but remains in negative territory year-to-date, off -2.6% at September’s close. For the third quarter, the composite Index was off -1.6% Q3-17/Q3-16, showing progressive improvement from this year’s earlier quarters. September's application activity was brisk, up 3.7% when compared to that of August 2017.
U.S. life insurance application activity was mixed across three all age groups. Since last May, the 0-44 age group has consistenty led all others, even while in negative territory. September marks the younger age group’s second consecutive month in positive territory. Ages 0-44 were up 1.1%, ages 45-59 once again showed the sharpest declines at -3.4%, and ages 60+ were off -1.3% compared to same month last year. Year-to-date, application activity ages 0-44 are off -1.5% YTD, ages 45-59 are off -5.1% YTD, and ages 60+ are off -2.3% YTD.
| About the MIB Life Index The MIB Life Index is the life insurance industry's timeliest measure of application activity in the United States. Released to the media each month, the Index is based on the number of searches MIB 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, methodology or to subscribe visit www.mib.com/lifeindex. |
About MIB
MIB is the life and health insurance industry’s most trusted and secure resource for data-driven risk management services that protect the financial integrity of its members and address their evolving needs. Owned by its members, MIB is uniquely positioned to securely collect and analyze confidential data. MIB services help to detect fraud, errors and omissions on insurance applications; to analyze industry data needed to manage a variety of financial risks; and to make regulatory reporting compliance less onerous and more efficient. As the life insurance industry’s first statistical agent, our MIB Solutions, Inc. subsidiary cost-effectively performs annual data calls for those insurers subject to principles-based reserving. MIB Group, Inc., a membership corporation, provides services through its wholly-owned operating subsidiaries, MIB, Inc. and MIB Solutions, Inc. For more information, visit www.mibgroup.com.


Navigators Group Releases 3Q Catastrophe Report
A.M. Best Downgrades Credit Ratings of Members of ProSight Specialty Group
Advisor News
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
- ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
- Why women must be more engaged in investing
More Advisor NewsAnnuity News
- AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
- Market-value adjusted annuities: Key considerations for advisors
- Private equity’s next play in insurance
- Immediate Care Plan: A new solution for funding LTC
- Delaware Life Launches a New Bonus Fixed Index Annuity Built for Growth, Protection, and Flexibility
More Annuity NewsHealth/Employee Benefits News
- Farm families consider options for health coverage
- Medicaid insurers’ contracts on the line in tight Iowa governor’s race
- Here are the corporate PACs fueling Tennessee’s race for governor
- OPINION: Healthcare costs are surging. Taxing billionaires will help Californians keep their coverage
- Doctors concerned about Medicaid work rule
More Health/Employee Benefits NewsProperty and Casualty News
- Oregon pauses some insurance cancellations, renewals for wildfire evacuees
- Findings from University of Minnesota Reveals New Findings on Climate Change (Obamacare for Homeowners Insurance: Fixing America’s Broken Insurance Markets In a Time of Climate Change): Climate Change
- State Farm to issue $136M to Louisiana policyholders
- Last Holdout: Will California Finally Let Auto Insurers Employ Telematics? | Insurify
- AM Best Affirms Credit Ratings of China United Property Insurance Company
More Property and Casualty News