MIB life insurance application checking systems stayed busy in January.
The number of applications flowing through the systems was 4.7% higher last month than in January 2023, the Braintree, Massachusetts-based group reports.
The January increases follow a 6.5% year-over-year increase in December.
MIB helps life insurers in the United States and Canada share some of the information used in the underwriting process. It bases life application index figures on its systems’ processing volume, rather than on an issuer survey or issuer financial reports.