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CMI Working Paper 89

Working Paper 89: Proposed “08” Series accelerated critical illness tables

CMI Working Paper 89 describes the proposed “08” Series accelerated critical illness tables based on experience under Term assurances in 2007-2010, for consultation. The paper provides an overview of the dataset, describes the methodology used to produce the tables, sets out accompanying analyses and describes the proposed approach to extending the tables to younger and older ages.  A revised version of the paper was issued in October 2016 with changes to the commentary in Section 5 and other minor revisions; none of the rates or results in the original paper was affected.

An Executive Summary has been produced for Working Paper 89 and is contained in a separate document. This provides a brief synopsis of the working paper and is publically available.

(The proposed “08” Series accelerated critical illness tables are issued for consultation; feedback is requested on these tables, and the term mortality tables, issued alongside Working Paper 92 by 30 November 2016. The Committee is hosting a discussion forum in London in the afternoon of Friday October 28 at which we will provide an overview of the key points of both sets of proposed tables with time for questions and discussion.  Further details are available on the events calendar.

There are a number of Excel spreadsheets issued alongside this paper:

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Events calendar

  • India Town Hall

    Webinar
    28 January 2021

    Spaces available

    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. 

  • Spaces available

    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.

  • Spaces available

    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:

  • Health and Care Hot Topics webinar

    Online webinar
    10 February 2021

    Spaces available

    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.

  • Spaces available

    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.

  • Sub-Saharan Africa Town Hall

    26 February 2021

    Spaces available

    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.

  • MENAP Town Hall

    2 March 2021

    Spaces available

    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.