The CMI produces a number of tools for modelling future mortality improvements, together with supporting research papers

The CMI Mortality Projections Model is a deterministic model driven by user inputs

The CMI Mortality Projections Model is a deterministic model driven by user inputs. The model is based on the assumption that current rates of mortality improvement converge to a single long-term rate. The latest version of the Model, CMI_2018, was published alongside CMI Working Paper 119 in March 2019. CMI_2018 is calibrated to England & Wales population mortality data up to 31 December 2018.

Important note: An updated version of the CMI_2018 software, v02, was released in April 2019 to correct a potential error that could have affected users in a specific circumstance, described on the Working Paper 119 webpage.

Previous versions of the CMI Mortality Projections Model:

Monitoring England & Wales population mortality

We publish an “England & Wales population mortality update” every quarter, analysing recent mortality using provisional weekly deaths data published by the Office for National Statistics (ONS).

CMI Working Paper 111 describes the data and our method and includes the provisional first analysis, dated October 2018. 

Future updates will be available from the mortality monitor page.

CMI library of mortality projections

The CMI publishes a library of mortality projections contained in a series of spreadsheets, including sample projections from the ‘92’ series, interim cohort projections, P-Spline and Lee Carter models, the National Population Projections, and the CMI Mortality Projections Model. The latest version of the library, version 1.5, was released in August 2014.  Note: this version (and version 1.4) of the Library are available to Authorised Users only. 

The CMI is no longer updating the library.  However, given interest in the National Population Projections, we have requested details of the 2014-based projections from the ONS in the form contained in the library.  Corresponding life expectancies are here.

Previous versions:

  • Version 1.4 was released in April 2013
  • Version 1.3 was released in November 2011
  • Version 1.2 was released in June 2011
  • Version 1.1 was released in March 2009 alongside CMI Working paper 37
  • Version 1.0 was released in November 2007 alongside CMI Working paper 30. This paper also summarises the feedback on the consultation on the draft library, which was published alongside CMI Working paper 27 in July 2007.

Earlier projections

Earlier mortality projections were integrated into many CMI published mortality tables. For example the ‘92’ Series mortality projections are specified in CMI Report 17. An interim basis for adjusting these projections for cohort effects (the ‘cohort projections’) was later published in CMI Working Paper 1 in December 2002.

The CMI has researched a number of stochastic projection methodologies, culminating in CMI Working Paper 20 (focusing on P-Splines) and CMI Working Paper 25 (focusing on Lee Carter). The illustrative software used for the research is available on request.

Related documents

Contact Details

If you have any questions about the CMI please email

info@cmilimited.co.uk

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  • SIAS Event: Navigating Organisational Politics Positively

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    3 June 2019

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    The term 'office politics' usually has a lot of negative connotations and indeed an inability to be able to navigate an organisation's formal processes and interact effectively with others at work can have far reaching adverse consequences.

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    14 June 2019

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    Reimagining ageing, hosted by the Institute and Faculty of Actuaries, in partnership with the ILC

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    Increasing global concern over the impact of climate change has recently led to public scrutiny over the adequacy of existing risk management practices by insurance firms and pension schemes in dealing with these challenges, that potentially impact both individual actuaries and the IFOA generally.

     

  • Pensions Conference 2019

    Bristol Marriott Hotel City Centre, 2 Lower Castle Street, Old Market, Bristol, BS1 3AD
    18-19 June 2019
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    Covering current topics and industry trends, the conference also includes a pre-conference evening dinner (18 June) giving you the opportunity to develop your network. 

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    19 June 2019

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    To book your place, please email Barry_Shannon@standardlife.com 

  • Current Issues in General Insurance (CIGI) 2019

    Inmarsat, 99 City Road, London, EC1Y 1BJ
    19 June 2019

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    CIGI is a well-established one-day seminar designed to increase awareness and encourage discussion on a variety of topical issues across the general insurance industry. 

    There will be an excellent and diverse line-up of speakers to provide a variety of perspectives and challenge covering technical and professional areas. 

  • Cass Event – New Thinking about Deferred Annuities

    Cass Business School, Executive Education Facilities 200 Aldersgate St, London EC1A 4HD
    21 June 2019

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    Our motivation for discussing this important subject comes from some exciting recent research which has analysed the impact of behavioural factors on the decision to purchase an annuity. This work has shown that behavioural factors can explain the well-known low demand for immediate annuities but this research also identifies an important opportunity in relation to deferred annuities (DA). The research suggests that these factors lead to positive incentives to purchase a DA and that, for longer deferred periods, a DA could be an attractive product for both consumers and insurers.

  • IFoA/SAS Joint Professional Skills Training – Singapore

    Room 903, NTUC Centre, Level 9, One Marina Boulevard, Singapore 018989
    25 June 2019

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    The Institute and Faculty of Actuaries (IFoA) and Singapore Actuarial Society (SAS) are organising a joint Professional Skills Training (PST) in Singapore. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • AGM and Presidential Address 2019 + Volunteer and Member Drinks Reception

    The Hub  Castlehill Edinburgh EH1 2NE
    26 June 2019

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    Notice is hereby given that the ANNUAL GENERAL MEETING of the INSTITUTE AND FACULTY OF ACTUARIES will be held at The Hub, Edinburgh on Wednesday 26 June 2019 at 16.30 (Preceded by tea from 16.00) and followed by a PRESIDENTIAL ADDRESS given by John Taylor.

  • IFAM event - Actuarial Teachers’ & Researchers’ Conference 2019

    Institute for Financial and Actuarial Mathematics Department of Mathematical  Sciences The University of Liverpool Mathematical Sciences Building Peach Street Liverpool, L69 7ZL
    27 June 2019 - 29 June 2019

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    The Institute for Financial and Actuarial Mathematics (IFAM) at the University of Liverpool is pleased to host the 2019 Actuarial Teachers’ and Researchers’ Conference from 27-28 June 2019. This annual two-day event has been running annually now for many years, each time hosted by a different university, and provides all those interested in actuarial research and education a great opportunity to share their ideas and catch up on the latest developments.

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    Menara AIA, Auditorium, 99 Jalan Ampang, 50450, Kuala Lumpur
    28 June 2019

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    The Institute and Faculty of Actuaries (IFoA) and Actuarial Society of Malaysia (ASM) are organising a joint Professional Skills Training (PST) in Kuala Lumpur. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • SIAS: The Impact of Air Pollution on Health and Life Expectancy

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    2 July 2019

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    Air pollution has gained increasing attention lately. Nicola Oliver, head of longevity and mortality research for Medical Intelligence, will discuss not only the impacts of air pollution on health and life expectancy but also how as an industry we should be addressing it.

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    EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE
    24-26 September 2019
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    GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year.