Together we are reshaping the insurance industry.
MIB is your long-standing trusted partner in delivering unique data solutions to help advance the life insurance industry.
Insights, news and announcements reflecting our commitment to improving the life insurance industry.
Learn how MIB is embracing our history of providing unique risk assessment and fraud detection services while expanding and diversifying our portfolio to meet the industry’s evolving needs.
Watch our video for additional insights into application activity by age band and face amount, based on data reported to MIB by our members, as a supplement to the 2022 MIB Life Index Mid-Year Report.
Knowing the amount of in force and pending life insurance coverage on each applicant is critical to financial underwriting. In this new blog, learn how MIB and TAI have partnered with the industry to create a new, persistent, contributory data vault that offers protection and efficiencies to support the financial underwriting and justification process.
U.S. life insurance application activity declined in July 2022 compared to July 2021, with Year-over-Year (YOY) activity at -7.7%. When comparing July 2022 to the same month in prior years, activity was down -13.0% compared to a COVID-related spike that took place in July of 2020. YOY Activity was flat at -1.0% when compared to July 2019.
