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CMI Working Paper 108

Working Paper 108: Interim “all offices” experience of term assurances, 2011-2015.

Important note: These results were described as “interim” as the Committee was keen to receive further term assurances data for these years to allow final "all offices" results to be produced. Additional data has subsequently been received and results for the years 2011-2016 are available alongside Working Paper 123. In Working Papers 108 and 123, the results in Section 8 are described as showing high-level experience by calendar year for durations 5+. Erroneously, the results actually show experience for a subset of that data. We have reissued these papers with a prominent “health warning” to use Working Paper 132, which includes correct results to 2018 instead of using either of these papers.

Working Paper 108 was originally published in June 2018. The working paper describes the experience of mortality and critical illness under term assurances in the years 2011 to 2015; the results are available in accompanying spreadsheets. Note: this paper and the results are available to Authorised Users only.

There is a summary spreadsheet (linked below) for each benefit type – Mortality (DB), Accelerated Critical Illness (ACI) and Standalone Critical Illness (SCI) – and datasheets containing more granular data are available on request. Please refer to the paper for more details. The three sets of Summary results released alongside this paper are:

Alongside this paper, we issued a survey to data contributors and other stakeholders to help guide our approach to future data collection and to the prioritisation of other work. A document summarising the responses to the survey and the Committee’s updated plans regarding future work is now available. Download the response summary

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    13 October 2021 - 8 December 2021

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    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.

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    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.

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    22 November 2021 - 26 November 2021
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    Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.

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  • The Many Faces of Bias

    2 December 2021

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    This webinar looks at the many types of biases, both conscious and unconscious and the impacts they can have in the workplace.  Raising our own awareness and understanding of the issues can help us avoid the pitfalls of unconscious bias in particular.  We’ve all heard the phrase ‘office banter’ but are we sure that’s how those on the receiving end perceive it and is it ok to go along with it?