Document library
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CMI data by age and gender: life assurance and annuities
When underwriting insurance policies, insurance companies base their premiums on a wide variety of factors that may affect the claims cost they observe among their customers. One factor is gender. 1 CMI data by age and gender: Life assurance and ... read more >>
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CMI Working paper 38. A prototype mortality projections model: Part one - an outline of the proposed approach
The Continuous Mortality Investigation (CMI) has become concerned about the continuing widespread use of the „interim cohort‟ mortality projections. These projections do not take account of experience data published after 1999 and – as a result – have ... read more >>
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Report from the Actuarial Processes and Controls Best Practice Working Party - Life insurance
The topic of controls has been a regular area of debate in recent times. This report aims to discuss this topic within the context of life insurance actuarial work. However the principles can equally apply to other areas of actuarial work. Final ... read more >>
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Current topics. Life insurance
Current Topics provides qualified actuaries and actuarial students in Scotland with a summary of the major issues affecting the profession in the last year. 1 Faculty of Actuaries Students’ Society Current topics 2008-2009 Life ... read more >>
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CMI Working paper 37. Version 1.1 of the CMI library of mortality projections
Version 1.1 of the library contains 15 additional projections. These have been generated using three models – P-Spline age-period, P-Spline age-cohort and Lee Carter – applied to five new datasets: ONS data to 2006 and to 2007 for both males and females, ... read more >>
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User guide to version 1.1 of the CMI library of mortality projections
Version 1.1 of the library was released in March 2009 containing 15 additional projections; these have been generated using three models – P-Spline age-period, P-Spline age-cohort and Lee Carter – applied to five new datasets: ONS data to 2006 and to 2007 ... read more >>
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CMI library of mortality projections. Additional projections from version 1.1 of the library
Volume 6 of the CMI library of mortality projections. Projections library - version 1.1 6.xls Notes IMPORTANT NOTES REGARDING VERSION 1.1 OF THE CMI LIBRARY OF MORTALITY PROJECTIONS 1 This is volume 6 of version 1.1 of the library ... read more >>
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Continuous Mortality Investigation financial statements for the year ended 28 February 2009
Continuous Mortality Investigation financial statements for the year ended 28 February 2009 1 JOINT ACCOUNT – THE FACULTY OF ACTUARIES AND THE INSTITUTE OF ACTUARIES CONTINUOUS MORTALITY INVESTIGATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 ... read more >>
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The role of the life practice executive committee (Life PEC)
1 Life Practice Executive Committee (Life PEC) Terms of Reference The primary role of the Life PEC is to support actuaries working in the UK Life Assurance industry. It will do so by focusing its activities on the following areas: 1. ... read more >>
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CMI Working paper 36. The mortality of impaired assured lives: 1995-2006 experience
The mortality of impaired assured lives: Report on 1995-2006 experience and consultation on the future of the investigation Continuous Mortality Investigation Life Office Mortality Committee WORKING PAPER 36 The mortality of impaired assured ... read more >>
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CMI Report 23. Whole volume
Graduations of the 1999-2002 life office mortality experiences ISSN 0954-2388 CMIR 23 (2009) Continuous Mortality Investigation Reports Number 23 Published by the Institute of Actuaries and the ... read more >>
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Pre-budget report, November 2008: (Almost) no news for insurers
This year's pre-Budget Report had been expected to involved material tax changes and an expansion of public spending to boost the economy. In the end it proved very uninteresting, with little to affect the taxation of life insurance companies. Pre-Budget ... read more >>
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Taxation of long-term business
This paper seeks to provide a high level description of the taxation of long-term business in the United Kingdom. Taxation of long-term business (November 2008) Introduction This paper seeks to provide a high level description of the taxation of ... read more >>
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CMI technical note: Comparison of approaches for calculating initial exposure
Working Paper 34 describes the methodology and assumptions used for CMI Self-Administered Pension Schemes (SAPS) mortality experience analyses. Whilst it gives an overview of the changes that have recently been made, the paper provides little detail on the ... read more >>
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SAPS mortality investigation, Males £13000-£25000
Self-administered pension schemes mortality investigation, Males £13000-£25000 Summary Sheet CMIB Self Administered Pension Schemes Mortality Investigation Male £13,000-£25,000 Central Exposure Summary Of Contents Sheet Name Exposed to Risk - ... read more >>
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S1IMA - Ill-health pensioners, Male, Amounts
S1IMA Ill-health pensioners, males, all, amounts - S1IMA - values of qx Ill-health pensioners, males, all, amounts - S1IMA - values of µx Age x qx Age ... read more >>
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S1PFA_L - All pensioners (excluding dependants), Female, Amounts, Light
S1PFA_L Pensioners (excluding dependants), females, light, amounts - S1PFA_L - values of qx Pensioners (excluding dependants), females, light, amounts - S1PFA_L - values of µx Age x qx Age ... read more >>
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SAPS mortality investigation, Males £25000+
Self-administered pension schemes mortality investigation, Males £25000+ Summary Sheet CMIB Self Administered Pension Schemes Mortality Investigation Male £25,000+ Central Exposure Summary Of Contents Sheet Name Exposed to Risk - All ... read more >>
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S1NFA - Normal Health pensioners, Female, Amounts
S1NFA Normal Health pensioners, females, amounts - S1NFA - values of qx Normal Health pensioners, females, amounts - S1NFA - values of µx Age x qx Age ... read more >>
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S1PFL - All pensioners (excluding dependants), Female, Lives
S1PFL Pensioners (excluding dependants), females, all, lives - S1PFL - values of qx Pensioners (excluding dependants), females, all, lives - S1PFL - values of µx Age x qx Age ... read more >>