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
If you have any questions about the CMI please email
Filter or search events
The IFoA’s Actuarial Review Team has published its first thematic review, which looked at the actuarial advice given by scheme actuaries to UK pension scheme trustees on setting transfer values and commutation rates.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann.
What are the options for the world economy looking ahead?
In this Thought Leadership Lecture, Economist, Vicky Pryce, will be discussing world economic trends, including the differences in geographical performance and how output is recovering and where.
Trust and Leadership for Actuaries
Led by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. The panel includes:
In this webinar, we have two presentations showing the latest research on the implications for life and health insurers of two key issues: genomics and pandemic risk.
Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs.
As the world’s attention begins to turn to COP26 later this year in Glasgow, Sarah Gordon (Chief Executive, Impact Investing Institute) will share her vision for how the financial services industry can deliver for people and the planet, as well as how to encourage more investment with the intention to generate positive, measurable social and environmental impact alongside a financial return.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual MENAP Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.