These tables are based on the ‘all office’ mortality experience for 1999-2002, as detailed in CMI Report 21 which was published in September 2004. The CMI consulted the profession about these, and other, proposed mortality tables in CMI Working Paper 8 which was published in May 2004. That paper was discussed at a seminar held in Staple Inn in June 2004.
In April 2005 CMI Working paper 12 was published. Working paper 12 contained proposals for the 00 series assured lives (permanent and temporary assurances) tables.
The proposed new tables of mortality for annuitants and pensioners are significantly lighter, over the main age ranges for these types of business, than the previous 92 series of tables: it is also clear that the ‘shape’ of mortality is somewhat different
However, the new tables are consistent with the results disclosed in the CMI’s regular annual reports on industry mortality experience, the quadrennium report in CMI Report 21 (2004) and with the information contained in CMI Working Paper 8. That paper gave a detailed comparison of the 1999-2002 experience with the 92 series tables, including confidence intervals for mortality rates at particular ages. In this way information as to the shape and level of mortality that the new tables will be required to describe was disclosed.
The CMI is aware that some offices are required, for some purposes, to use the latest published mortality tables. It should be noted that the information that is now being made available does not constitute ‘publication’ of the tables. At time of publication, it is expected that formal adoption of the 00 series tables will occur towards the end of Q1 2006, but this depends on feedback received.
CMI Working paper 16. The graduation of the CMI 1999-2002 mortality experience: Proposed annuitant and pensioner graduations27 September 2005
- 31 May 2004
- 1 November 2004
CMI Working paper 12. The graduation of the CMI 1999-2002 mortality experience: Feedback on Working paper 8 and proposed assured lives graduations10 April 2005
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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; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.
Opportunity to participate in a virtual Roundtable Discussion hosted by the IFoA in conjunction with the City of London Corporation’s Socio-economic Diversity Taskforce
In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.
The Business of the AGM
Join newly inaugurated IFoA President, Matt Saker, for his Presidential Address.
We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.
This webinar will cover:
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