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CMI Working Paper 151

Working Paper 151: Accelerated critical illness experience by cause of claim, 2015-2018

Working Paper 151 was published in June 2021. The paper contains analysis of accelerated critical illness experience under non-rated term assurance policies for the years 2015 to 2018 by cause of claim. The paper provides an overview of the dataset, describes the methodology used to derive cause-specific rates, and compares the cause-specific experience against the proposed “16” Series accelerated critical illness tables in Working Paper 150, as well as the latest cause-specific population tables (CIBT08).

There are two Excel spreadsheets issued alongside this paper:

  • The derived cause-specific diagnosis rates.This spreadsheet contains the derived cause-specific diagnosis rates and, for users’ convenience, the rates from the CIBT02 and CIBT08 population tables used in the analysis.
     
  • The dataset underlying the analysis.This dataset covers a wider age range and more causes than we considered appropriate for the derivation of the diagnosis rates and allows users to derive their own cause-specific rates.

Note: this paper and the spreadsheets are available to Authorised Users only

The Committee hosted a webinar in June 2021, which gave an overview of the proposed “16” Series tables and briefly covered the cause of claim analysis and analysis of term assurances experience to mid-2020. A recording of the webinar is now available to Authorised Users only.

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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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    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.