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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Delivered by the IFRS 17 Contractual Service Margin working party.
The Certified Actuarial Analyst (CAA) qualification has rapidly established itself as adding real value, to insurers and consultancies, and to the clients of consultancies, around the World. CAAs work alongside actuaries and actuarial students, as well as other financial services professionals, in an increasingly broad range of roles and fields.
This session is a repeat of the one earlier today at 09:30
Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.
This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.
This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.
Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.
Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year
The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.