The CMI investigates the claims experience of policyholders with term and whole of life assurances issued by UK life offices.

Brief history

Until November 2013, mortality under assurance contracts was covered by the life office mortality investigation and critical illness experience was covered by the critical illness investigation. Since that date, both have been covered by the assurances investigation.

Data

The CMI currently adopts a flexible approach to the data it collects:

  • The data requirements for Term assurances are described in CMI Term assurances data July 2019.
     
  • The Committee has contacted known providers of Whole of life policies (both Underwritten and “Guaranteed acceptance”) for the years 2011-2018, to gauge their willingness and ability to submit data. This document sets out more details. We have collected sufficient volumes of data to progress with analysis, to be released later in 2021.

Methodology and results

Contributing offices receive results in respect of the business for which they have submitted data. Aggregate ‘all offices’ results are also produced.

The latest all-offices results that have been issued are:

These results are each available in spreadsheets alongside the relevant paper. Each working paper contains commentary on the data, the methodology used in the results and commentary on the results.

Mortality and critical illness tables

The “16” Series tables for mortality (including terminal illness) and for accelerated critical illness were issued alongside Working Paper 154. The tables are based on data for non-rated term assurance policies in the years 2015-2018.

Earlier tables are available under the life office mortality investigation and the critical illness investigation.

Contact Details

If you have any questions about the CMI please email

info@cmilimited.co.uk

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