The MIB Life Index is the life insurance industry's timeliest measure of application activity. Released each month, the report is based on the number of searches member company underwriters perform on the MIB Code Service* database. Since the vast majority of individually underwritten life premium dollars in North America include an MIB Check as a routine underwriting requirement, the MIB Life Index provides a reasonable means for estimating new business activity.
Industry analysts and insurance executives use the report as a source for capturing monthly activity levels and evaluating industry trends. Each month the MIB Life Index examines activity levels by age group, product type and face amount, and provides quarterly, monthly, and year-to-date comparisons. Reports are produced separately for both US and Canadian activity.
For more information on MIB’s Life Index, email Betty-Jean Lane, Head of Marketing, at Blane@mib.com.
*Formerly MIB Checking service
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