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By the MIB Life Index – February 3, 2021

Despite a tumultuous year due to the pandemic, the MIB Life Index ended 2020 up 4% year-over-year, representing the highest Y-o-Y annual growth rate on record. It surpassed the previous Y-o-Y growth record from 2015 of +2.7%, and followed a fairly flat growth year in 2019, which concluded up 0.4%, Y-o-Y. The 2020 year-end index value of 102.8 is an all-time high since the index was reset in 2011, finishing at 2.8% higher than par value.

The MIB Life Insurance Index is changing the way it reports trends in application activity, moving away from showing figures relative to an index in favor of reporting straight year-over-year percentages. MIB says its new approach is more straightforward, easier to understand and more useful than the index values.

Source: https://www.mibgroup.com/riskanalytics/lifeindex.html