The 00 series tables have been published in two CMI working papers. The mortality rates themselves are also available in spreadsheets. These final tables, together with full documentation of their derivation, will be published formally in a CMI Report in due course.
Please note that it is the responsibility of any actuary or other person using a published mortality table to ensure that it is appropriate for the particular purpose to which it is put.
The CMI will not be seeking approval for any specific projections of future mortality associated with the new tables. The CMI is evaluating two methodologies for mortality projections - P-spline and Lee-Carter - and is trying to explain the benefits and shortcomings of each. However it is not seeking approval for either methodology, nor does it rule out alternative approaches.
The development of these tables has been published in three working papers:
- CMI Working Paper 8 (Aug 2004), contained initial findings and proposals on which tables to graduate.
- CMI Working Paper 12 (Apr 2005), contained proposed graduations for the assured lives tables.
- CMI Working Paper 16 (Sept 2005), contained proposed graduations for the annuitant and pensioner tables.
The CMI has considered the feedback received on the draft tables and published two further working papers, containing the final 00 series base tables of mortality:
- CMI Working Paper 21. The Graduation of the CMI 1999-2002 Mortality Experience: Final 00 Series Mortality Tables - Assured Lives.
- CMI Working Paper 21. Mortality Rates.
- CMI Working Paper 22. The Graduation of the CMI 1999-2002 Mortality Experience: Final 00 Series Mortality Tables - Annuitants and Pensioners.
- CMI Working Paper 22. Mortality Rates.
Formula (1) on page 9 of Working paper 21 is incorrect. This Erratum (added 5 May 2011) gives the corrected formula.
The changes incorporated as a result of feedback to the draft tables are relatively minor:
- The final life office pensioner tables for normal retirements now start at age 20. As a result the rates between ages 50 and 65 have changed from the draft rates to reflect assumptions regarding the experience of ‘healthy’ lives rather than the actual experience.
- A more accurate method of deriving qx from the graduated formulae for µx has been used.
- The naming of some tables has been altered from the draft tables.
More detail on these changes is included in the working papers. In addition, feedback received that has not been incorporated in the final tables is documented in the two working papers, so that actuaries are aware of the concerns expressed that have not been reflected in the final tables, and can make suitable adjustment to the published base tables if they feel it appropriate to do so.
Note that the life office pensioner tables for those retiring early and the combined tables have not been extended below age 50, in the absence of any clear data. Extended rates for these tables were subsequently developed in Working Paper 26. However, the CMI is not seeking approval for these rates from the profession.
- 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
CMI Working paper 16. The graduation of the CMI 1999-2002 mortality experience: Proposed annuitant and pensioner graduations27 September 2005
CMI Working paper 21. The graduation of the CMI 1999-2002 mortality experience: final 00 series mortality tables - assured lives31 July 2006
CMI Working paper 21. Mortality rates for the 00 series assured lives tables, based on data for 1999-2002 collected by the CMI31 July 2006
CMI Working paper 22. The graduation of the CMI 1999-2002 mortality experience: final 00 series mortality tables - annuitants and pensioners31 July 2006
- 31 July 2006
- 4 May 2011
You might also like
If you have any questions about the CMI please email
Filter or search events
This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.
The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.
The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.
Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.
This is a free webinar with an expert panel providing their views on the ongoing IFoA consultation for proposals regarding changes to the regulatory framework on climate change and sustainability.
The regulatory consultation sets out, for feedback some proposed approaches that the IFoA are considering in relation to charter commitments under the UK’s Green Finance Education Charter (GFEC) and the regulatory framework, including the Actuaries’ Code.
Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.
Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.