MIB Solutions, Inc.

MIB Life Index Reports U.S. Life Insurance Activity Declines 3.9% in June

Wed, 07 Jul 2010 00:08:00 EST

U.S. application activity for individually underwritten life insurance declined -3.9% in June year-over-year, all ages combined, according to the MIB Life Index. June's decline was the largest year-over-year drop in U.S. application volume since March 2009. Overall, the U.S. Life Index experienced alternating monthly gains and losses over the first two quarters of the year resulting in application activity being off fractionally at June's close, down -0.2% YTD. June's activity was off -1.4% from May levels; declines are atypical for this time period. More Actuarial and Statistical Research Capabilities

MIB Solutions' Audit Focus with lab data provides sharper insights into excess mortality risk

Wed, 16 Jun 2010 00:08:00 EST

MIB Solutions, Inc. announces that Audit Focus, its risk management product that provides life insurers with a comprehensive view of excess mortality risk in their newly issued policies, will now incorporate lab data. The addition of key lab test results delivers more discriminating precision when evaluating mortality risk exposure, particularly in an insurers' best risk classes.

MIB Life Index Reports U.S. Life Insurance Activity Flat at 0.2% in May

Mon, 07 Jun 2010 00:08:00 EST

U.S. application activity for individually underwritten life insurance was flat this past May at +0.2% year-over-year all ages combined, according to the MIB Life Index. Strength in the fourth quarter of 2009 in the U.S. Life Index, has given way to fluctuating gains and losses exhibited in the first five months of 2010. May's application activity was off -4.9% from that of April -- consistent with seasonal norms. Year-to-date, individual application activity for the industry remains positive at +0.6%. More Actuarial and Statistical Research Capabilities

MIB Solutions and Hooper Holmes Team Up to Provide Risk Management Solutions for the Life Insurance Industry

Wed, 02 Jun 2010 00:08:00 EST

MIB Solutions, Inc. and Hooper Holmes, two companies embedded in the workflow of every North American life insurer, have formed a strategic alliance to help insurers better evaluate excess mortality risk in their book of new business using MIB Solution's Audit Focus and lab data from Heritage Labs, a division of Hooper Holmes.

MIB Life Index Reports U.S. Life Insurance Activity Down 1.4% in April

Thu, 06 May 2010 00:08:00 EST

U.S. application activity for individually underwritten life insurance was off -1.4% in April year-over-year all ages combined, according to the MIB Life Index. After marked growth across seven of the last nine months, the Life Index appears to be vacillating between gains and losses in the first four months of 2010. April's application activity was off -8.0% from that of March -- consistent with seasonal norms. Year-to-date, individual application activity for the industry remains positive at +0.6%. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity Up 2.4% in March

Sat, 10 Apr 2010 00:08:00 EST

U.S. application activity for individually underwritten life insurance increased +2.4% in March year-over-year all ages combined, according to the MIB Life Index. March's results heralded continued expansion for individual life insurance applications, a trend which started last July. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity Flat in February

Tue, 09 Mar 2010 00:08:00 EST

After six consecutive months of year-over-year increases, U.S. application activity for individually underwritten life insurance flattened in February, off -0.2% year-over-year all ages combined, according to the MIB Life Index. Consistent with seasonal norms, February's activity was up +9.3% as compared to this past January. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity up 1.2% in January

Thu, 11 Feb 2010 00:08:00 EST

U.S. application activity for individually underwritten life insurance increased +1.2% in January year-over-year, according to the MIB Life Index. January represents the sixth consecutive month where year-over-year change is positive for the U.S. Life Index - the longest sustained trend of U.S. increases on record. Application activity for the period December 2009 to January 2010 remained flat at +0.1%. More Actuarial and Statistical Research Capabilities

MIB Group, Inc. names Lee Oliphant to succeed James "Jay" Cook as CEO

Wed, 03 Feb 2010 00:08:00 EST

The Board of Directors of MIB Group has named Lee B. Oliphant to the office of President, effective immediately, and also designated him to succeed James "Jay" Cook as Chief Executive Officer upon Cook's retirement later this year.

NEW 2009 MIB Life Index Annual Report

Fri, 15 Jan 2010 00:08:00 EST

MIB Life Index 2009 Annual Report

MIB Life Index Reports North American Life Insurance Activity Up 2.3% in December

Fri, 15 Jan 2010 00:08:00 EST

North American application activity for individually underwritten life insurance was up +2.3% in December, according to the MIB Life Index. Fourth quarter growth of +2.8% broke the recessionary trend of losses in 2009's first nine months, ending the year even at +0.1% YTD, as compared to 2008. Application activity in the 45-59 age group experienced a watershed year up +2.4% YTD versus the prior year - the first annual growth in this demographic since 2003. Activity in the 60+ age group continued its longstanding growth trend, up +13% YTD; activity in the 0-44 age group was down -3.6% YTD. December application activity was down -7.7% from November, characteristic for this time period. More Actuarial and Statistical Research Capabilities

MIB Solutions and ExamOne Agree to Identify Methods to Jointly Address Life Insurance Industry Issues

Thu, 07 Jan 2010 00:08:00 EST

MIB Solutions and ExamOne, two corporations firmly set in the workflow of virtually every major North American life insurance company, have agreed to form a strategic alliance with a mission to identify opportunities to provide valueadded analytics and innovative research for the life insurance industry.

MIB Life Index Reports North American Life Insurance Activity Up 3.9% in November

Tue, 15 Dec 2009 00:08:00 EST

North American application activity for individually underwritten life insurance jumped +3.9% in November year-over-year, according to the MIB Life Index. Solid growth in life insurance applications over the past three months have lifted year-to-date (YTD) figures from their June 2009 levels of -1.6%, to flat at November's close, -0.1%. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports North American Life Insurance Activity Up 2.4% in October

Thu, 05 Nov 2009 00:08:00 EST

North American application activity for individually underwritten life insurance was up +2.4% in October year-over-year, according to the MIB Life Index. While the Index lagged prior year's results for the first two quarters of 2009, July and August activity was flat with solid gains posted in September (+1.2%) and October, year-over-year. Year-to-date (YTD) application activity is off -0.5% compared to the same ten months in 2008. More Actuarial and Statistical Research Capabilities

MIB Solutions Selected to Perform Seminal Pension Study for the Canadian Institute of Actuaries

Thu, 08 Oct 2009 00:08:00 EST

MIB Solutions, Inc., has been chosen by the Canadian Institute of Actuaries (CIA) to perform a first-of-its-kind study of Canadian pension plans for the purposes of establishing pension mortality tables that uniquely reflect the Canadian pension industry's recent experience. This is the latest in a series of initiatives to promote the CIA's advocacy position for preserving and strengthening Canada's pension system. The study's findings are anticipated to provide a benchmark by which pension plans can better gauge actual-to-expected performance of current pension strategies to fine tune gaps.

MIB Life Index Reports North American Life Insurance Activity Up 1.2% in September

Mon, 05 Oct 2009 00:08:00 EST

North American application activity for individually underwritten life insurance increased +1.2% in September year-over-year, according to the MIB Life Index. A +1.8% increase in U.S. applications this month helped lift the percent change of the overall Index to its highest level for a September ever. Year-over-year, North American applications were up +0.7% in the third quarter (Q3) reflecting both September's U.S. upswing and strength in the Canadian market during July and August. Year-to-date (YTD) application activity is off -0.9% compared to the same nine months in 2008, posting its best level of the year. September showed an +8.9% gain in application volume over this past August. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports North American Life Insurance Activity Up Slightly in August

Wed, 09 Sep 2009 00:08:00 EST

North American application activity for individually underwritten life insurance increased +0.9% in August versus same month last year, according to the MIB Life Index. Stable application volumes over the past three months suggest a flattening out for the industry in light of last December's and January's nearly -9% and -5% decline in volumes from the economic crisis. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports North American Life Insurance Activity Stable in July

Tue, 11 Aug 2009 00:08:00 EST

North American application activity for individually underwritten life insurance remained flat in July (0%) compared to the same month last year, according to the MIB Life Index. Flat activity across both June and July 2009 is consistent with activity levels observed for these two summer months since 2007. Year-to-date (YTD), U.S. and Canadian application activity is off -1.4%. July's activity declined -4.2% versus June 2009. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports North American Life Insurance Activity Flat in June

Thu, 09 Jul 2009 00:08:00 EST

North American application activity for individually underwritten life insurance was flat in June at -0.6% year-over-year, according to the MIB Life Index. Second quarter 2009 results showed a slowing of lost ground compared to the first quarter. U.S. and Canadian application activity was off -1.1% (Q2 2009/Q2 2008) versus first quarter results, off -2.1% (Q1 2009/Q1 2008). Year-to-date (YTD) North American application activity is off -1.6%. June's volume showed gains over this past May (+1.3%). More Actuarial and Statistical Research Capabilities

MIB Life Index Reports North American Life Insurance Activity off 2.5% in May

Wed, 10 Jun 2009 00:08:00 EST

North American application activity for individually underwritten life insurance was off in -2.5% May year-over-year, according to the MIB Life Index. May's activity level as compared to April was off -5.0%. For the first five months of 2009, the MIB Life Index is down -1.8% YTD. When compared against May 2008 YTD figures, the industry is just slightly ahead (+.3%) of where it stood at this same time last year (off -2.1% YTD). More Actuarial and Statistical Research Capabilities

MIB Solutions names Thomas King VP Health Sales

Thu, 04 Jun 2009 00:08:00 EST

MIB Solutions, Inc., has announced that Thomas G. King has accepted the position of Vice President Health Sales, effective June 1st. Prior to joining MIB, King served as Vice President-National Sales Manager of Direct Marketing Group for Hooper Holmes, Inc-Portamedic.

Policy Locator Service from MIB Solutions Helps Attorneys Find Missing Life Insurance Policies

Thu, 24 Mar 2009 00:08:00 EST

A lost or missing life insurance policy can create major headaches when handling a decedent's affairs. For estate, probate and trust attorneys, it can be a matter of meeting their fiduciary responsibilities to identify all such policies as they help settle an estate. MIB's Policy Locator Service (www.policylocator.com) can help uncover whether such policies exist.