MIB Solutions, Inc.

Lee Oliphant, MIB CEO talks to AM BEST on 2011 Life Insurance Activity Trends

Thu, 02 Feb 2012 00:08:00 EST

Lee Oliphant, chief executive officer and president of MIB Group, Inc., said that while U.S. life insurance application activity appears to be stabilizing, the age 45 and under market continues to avoid securing life coverage.

MIB Life Index Reports U.S. Life Insurance Activity Rose .2% in 2011

Fri, 20 Jan 2012 00:08:00 EST

The MIB Life Index showed marked resilience in 2011. A strong December, up +5.8% year-over-year, contributed to year-end results that were slightly positive, up +0.2% YTD all ages combined, according to the MIB Life Index. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity Flat for November

Wed, 07 Dec 2011 00:08:00 EST

U.S. application activity for individually underwritten life insurance showed no change in November 2011, year-over-year (Y/Y) - all ages combined, according to the MIB Life Index. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity up 1.6% in October

Tue, 15 Nov 2011 00:08:00 EST

U.S. application activity for individually underwritten life insurance increased +1.6% in October year-over-year, all ages combined, according to the MIB Life Index. October's rise took place in a month with one fewer business day than its October 2010 counterpart. In what can best be characterized as a zigzag year-monthly gains offsetting losses by a margin of 6 to 4-the MIB Life Index remains close to parity entering the last quarter of 2011 at -0.4% YTD. October's application activity was +8.3% higher than that of September. "At a time when the U.S. economy is struggling to define direction, the pipeline for new life insurance business appears to be holding its own," states Lee Oliphant, MIB's CEO. More Actuarial and Statistical Research Capabilities

LOGiQ3 Selected by MIB to Conduct its Underwriting Reviews in Canada

Tue, 01 Nov 2011 00:08:00 EST

Insurance outsourcing company LOGiQ3 Corp has been selected by MIB to conduct all underwriting reviews of its Canadian member companies.

MIB Life Index Reports U.S. Life Insurance Activity Off 3.4% in September

Wed, 12 Oct 2011 00:08:00 EST

After three consecutive months of expansion, U.S. application activity for individually underwritten life insurance fell by-3.4% in September, year-over-year, all ages combined according to the MIB Life Index. The drop marked this year's largest percent decline and all but erased June through August gains which were unseasonal for this summer period. Year-to-date (YTD), the Index is off -0.6%, back to pre-June levels, compared to the same nine months last year. September's application activity was +5.2% higher than that of August, though well off the +9-10% pace typically seen for this time period. Third quarter performance (Q3 2011/2010) was relatively flat, off -0.3%, but much improved when compared to Q3's 2010/2009 -2.6% decline. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity up 0.7% in August

Wed, 07 Sep 2011 00:08:00 EST

U.S. application activity for individually underwritten life insurance increased +0.7% in August year-over-year, all ages combined, according to the MIB Life Index. Seasonal summer declines and a struggling economy notwithstanding, the Life Index has made modest gains for the past three consecutive months, up +0.1%, +2.1%, and +0.7% year-over-year - June, July and August, respectively. June and July 2011 increases were compared to some of 2010's sharpest declines (-4% range); August's increase was compared against a -1.8% year-over-year decline for August 2010. August application volumes gained +1.0% as compared to July, consistent for this time period. With five of the last eight months showing gains, the MIB Life Index is close to parity, off -0.2% year-to-date (YTD). More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity up 2.1% in July

Tue, 15 Aug 2011 00:08:00 EST

U.S. application activity for individually underwritten life insurance was up +2.1% in July year-over-year, all ages combined, according to the MIB Life Index. July's percentage upswing is unprecedented for this month and is largely a reflection of a significantly low index value for the July 2010 comparative period - in percentage terms, last year's July Index (2010/2009) was off -3.9%, year-over-year. With four of the last seven months of 2011 finishing in positive territory, the MIB Life Index is holding its own year-to-date at -0.3%. More Actuarial and Statistical Research Capabilities

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

Thu, 14 Jul 2011 00:08:00 EST

U.S. application activity for individually underwritten life insurance was flat in June at +0.1% year-over-year all ages combined, according to the MIB Life Index. Second-quarter application activity was off slightly at -0.5% year-over-year, demonstrating that declines have eased somewhat over historical levels - 2010/2009 Q2 off -1.8%, 2009/2008 Q2 off -1.5%. Year-to date, life insurance application activity is down less than one percent at -0.7%. June application volume was up +1.4% over May, a solid gain over the prior year's -1.4% loss for the same time period. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity off 2.6% in May

Wed, 15 Jun 2011 00:08:00 EST

U.S. application activity for individually underwritten life insurance was off -2.6% in May year-over-year, all ages combined, according to the MIB Life Index. May's downturn comes on the heels of two consecutive months of modest growth for the Life Index (+0.6% Mar. and +1.1 % Apr.). Year-to-date, the Index is off less than one percent (-0.9%) as compared to the same five-month period last year. May's application activity was off -8.4% from that of April - a steeper decline than the -4.9% experienced in 2010 for the May-to-April time frame. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity up 1.1% in April

Tue, 3 May 2011 00:08:00 EST

U.S. application activity for individually underwritten life insurance turned positive in April, up +1.1% year-over-year, all ages combined, according to the MIB Life Index. April's uptick is the second consecutive month of growth for the Index, and the first rise for the month of April in the last seven years. With two of the last four months in 2011 in positive territory, the MIB Life Index is off fractionally year-to-date at -0.4% -- good news for the individual life insurance market which may be starting to see some post-recessionary gains. April's activity was -7.4% less than that of March, consistent with month-to-month seasonal trends for this time period. More Actuarial and Statistical Research Capabilities

MIB Membership Elects New Chairman, Vice Chairman and Three New Directors to its Board

Tue, 26 Apr 2011 00:08:00 EST

MIB Group, Inc., the life and health insurance industry's most trusted resource for underwriting information and analytical services, is pleased to announce the election of its Chairman and Vice-Chairman of the Board for 2011-12 and the election of three new directors, all of whom are senior officers of longstanding MIB member companies and highly experienced insurance industry veterans.

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

Mon, 18 Apr 2011 00:08:00 EST

U.S. application activity for individually underwritten life insurance was up slightly in March, +0.6% year-over-year all ages combined, according to the MIB Life Index. The modest uptick is more earnest than at first glance, given its year-over-year juxtaposition against the +2.4% percent increase for March 2010. Prior to 2010, the U.S. Life Index for March has invariably lost ground in each of the last five consecutive years. At the close of the first quarter (Q1) year-to-date activity is off -1.0% compared to Q1 2010 (the last quarter of recovery as noted by the Index after recessionary levels in 2008/2009). March 2011 application activity was up +1.1% over February 2011 activity. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity off -1.4% in February

Mon, 14 Mar 2011 00:08:00 EST

U.S. application activity for individually underwritten life insurance declined -1.4% in February year-over-year, all ages combined, according to the MIB Life Index. February's decline is the ninth consecutive month of losses for the U.S. Index dating back to April 2010 - a month that marked the tail of the industry's recovery from the recession after solid growth across Q4 2009 through Q1 2010. Year-to-date, the MIB Life Index is off -1.9%. February saw a +10.3% increase in application activity from January levels, in what is a typical growth pattern for this time period. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity off -2.3% in January

Wed, 16 Feb 2011 00:08:00 EST

U.S. application activity for individually underwritten life insurance declined -2.3% in January year-over-year, all ages combined, according to the MIB Life Index. January numbers stand in contrast to last year's +1.2% increase in activity for the same time period. January's month-over-month activity was down slightly at -0.8% from December - a time period typically peppered with increases from the 2010 year-end sales carry-over. More Actuarial and Statistical Research Capabilities

MIB Life Index Reports U.S. Life Insurance Activity off -1.4% in December

Wed, 26 Jan 2011 00:08:00 EST

U.S. application activity for individually underwritten life insurance declined by -1.4% in December year-over-year, according to the MIB Life Index. At year-end, the U.S. Life Index was off a modest -1.2% year-over-year, all ages combined - significantly less than the three percent plus annual declines the industry experienced from 2006-2008, and only one percent off December 2009's YTD close (-0.2%). More Actuarial and Statistical Research Capabilities