The purposes for which the CMI uses the information it collects are to:
- compare the actual mortality and morbidity experience with the expected experience based on one or more published tables
- construct tables of mortality and morbidity functions based on analysis of aggregated data primarily for use by members of the actuarial profession
- make estimates of future developments in mortality and morbidity rates
- carry out other statistical investigations and research that may be useful to actuaries with regard to the conduct of long term assurance, annuity and pension business, of sickness and related insurances and of self-administered pension schemes.
The CMI uses this data to produce:
- a summary of the data and the mortality / morbidity experience of that dataset. This is returned to the relevant data contributor and it is an integral part of CMI’s data validation, to ensure we have interpreted the data appropriately; and
- an anonymised dataset, in which no individual can be identified, which is used with other relevant data for further research,
The CMI makes available the results of its research by a number of means:
- Subscribers and other Authorised Users receive an analysis of the aggregated experience of a number of data submissions, usually for a single year or for several years combined.
- The CMI also releases the results of some of these aggregated analyses and the results of other research to Subscribers and other Authorised Users in Working Papers and other documents
In certain circumstances the CMI may supply data to universities, and others, for non-commercial research
This will be done under a Research License which sets out the obligations of the researcher(s) and the CMI
All requests for data for research should include the following:
- confirmation that the terms of the Research Licence will be met
- information about what data is required
- a summary of the purpose of the data request and the intended output.
Data will only be released for research purposes where the CMI Management Committee agrees that the proposed research may provide a worthwhile addition to actuarial knowledge. The CMI reserves the right to levy a charge for the handling of such data requests.
Any data provided for research will have been de-personalised in such form that they can no longer be considered personal data or sensitive personal data within the context of the data protection legislation. In addition, any data provided will normally be aggregated so as to preserve the confidentiality of information relating to individual life offices or pension schemes.
Occasionally the CMI may make available data that indicates, via anonymous codes, the data from individual life offices or pension schemes. Such research will only normally be undertaken at the instigation of the relevant investigation committee and the Research License requires that:
- published work based on the data will not include any figures that might allow an individual life office or pension scheme to be identified; and
- a draft copy of the report will be submitted to the CMI prior to publication for approval.
If you have any questions about the CMI please email
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Wicked Problems, Clumsy Solutions and Leading Change
Dr Catherine Donnelly will present the basics of the structures for pooling longevity risks and summarise recent research results in this area in addition to outlinging future research around this topic. This is work under a research programme funded by the IFoA's Actuarial Research Centre, called 'Minimizing longevity and investment risk while optimising future pension plans'.
Climate-Related Risk - This free to view webinar on Climate-Related Risk is the first in a series focusing on some of the ‘Hotspots’ identified in the JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA and other Regulators
Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.
Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a hackathon, that showcase the range of ways in which the actuarial profession has added value, in the public interest, to the understanding and management of the current and future pandemics through insight and learning.
This event is now temporarily closed on Monday 26 April, but the session will be repeated on Tuesday 27 April, 09.00-10.30. Please click here to register your place.
Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Europe Town Hall, hosted by John Taylor with IFoA Council Members Alan Rae, Jennifer Hartley, Maribel Vasquez Flores and IFoA Chief Executive, Stephen Mann.
Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis. However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year. This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work
This year's Finance and Investment Virtual Conference takes on the timely theme of ‘resilience’, something we have all learnt a lot more about in the last year! Our diverse range of talks will explore the theme of resilience in a variety of ways including in building robust investment portfolios, in the incorporation of ESG factors, in govern
This talk will explore the potential benefits that wearable tech can bring to health & protection insurers and their customers. The traditional approach of integrating wearables into insurance has largely focused on measuring steps and using rewards-based incentive programs to encourage more activity.
Join us for this talk with Professor Sir Adrian Smith as part of the 'Dr Patrick Poon Presidential Speaker Series'. Professor Smith joined The Alan Turing Institute as Institute Director and Chief Executive in September 2018. In November 2020, he became President of the Royal Society, in addition to his leadership of the Turing. He is also a member of the government's AI Council, which helps boost AI growth in the UK and promote its adoption and ethical use in businesses and organisations across the country. He received a knighthood in the 2011 New Year Honours list.
We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards.
Welcome to the programme for our 2nd Virtual Pensions Conference. This year's conference features 11 webinars offering members and non-members the opportunity to get up to date content from leading experts in the pension industry. There will also be opportunity to ask questions and contribute to the discussion.