WESTWOOD, Mass., June 20 /PRNewswire/ -- North American application
activity for individually underwritten life insurance declined -3.9% in May,
year-over-year, according to the MIB Life Index. It was the Index's fourth
consecutive monthly drop, and the tenth decline in the last 12 months. Year-
to-date application activity was off -3.3% for North America; off -3.4% and
-2.5% for the U.S. and Canada, respectively.
The U.S. MIB Life Index(SM) declined -4.2% in May, year-over-year, for all
ages combined. Declines were seen in the younger age groups: -5.7%, -3.1%,
age groups 0-44 and 45-59, respectively, and increased in the 60+ age group,
up +1.1% year-over-year. Monthly percent change versus prior month shows May
activity down -5.5% over this past April.
Canadian application activity declined -1.5% in May, year-over-year, for
all ages combined. Declines were seen across all three age groups: -1.3%,
-1.6% and -3.1%, age groups 0-44, 45-59, and 60+, respectively, year-over-
year. Monthly percent change versus prior month shows May activity up +5.3%
over this past April, consistent with the upswing observed for the prior
March-to-April 2005 period.
Monthly Percent Change vs. 2004
US Canada Total
May 2005 -4.2% -1.5% -3.9%
April 2005 -5.7% +0.7% -5.0%
YTD 2005 -3.4% -2.5% -3.3%
Monthly Percent Change vs. Previous Month
US Canada Total
May 2005 -5.5% +5.3% -4.2%
About MIB
MIB Group, Inc., headquartered in Westwood, Massachusetts, is the premier
provider of Internet-based information and knowledge services to the risk
management market space in North America and a leading facilitator of
electronic insurance commerce. MIB customers underwrite over 95 percent of
the premium dollars for individual life insurance issued in the United States
and Canada. MIB Group, Inc. companies include MIB, Inc. and e-Services
Corporation. For more information, visit http://www.mib.com.
Contact:
David O. Aronson
MIB Group, Inc.
781-751-6130
info@mib.com
Nicole Huttner
Michael Meyers & Associates
312-661-0055 ext. 320
nhuttner@mmeyers.com
SOURCE MIB Group, Inc.
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Related links:
http://www.mib.com
CONTACT:
David O. Aronson of MIB Group, Inc.,
+1-781-751-6130, info@mib.com; or Nicole Huttner of Michael
Meyers & Associates, +1-312-661- 0055 ext. 320,
nhuttner@mmeyers.com
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