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CMI Working Paper 92

Working Paper 92: Proposed “08” Series term mortality tables

Working Paper 92 describes the proposed “08” Series term mortality tables based on experience 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.

An Executive Summary has been produced for Working Paper 92 and is contained in a separate document. This provides a brief synopsis of the working paper and is publically-available.

The proposed “08” Series term mortality tables are issued for consultation; feedback is requested on these tables, and the accelerated critical illness tables, issued alongside Working Paper 89 by 30 November 2016. The Committee is hosting a discussion forum in London in the afternoon of Friday 28 October 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:

  • The proposed “08” Series term mortality tables This spreadsheet contains the proposed rates, including the indicative rates at younger and older ages.
  • All Offices results for 2007-2010, comparing the experiences of the graduations dataset with the proposed and indicative “08” Series tables; note that this dataset comprises data for business written in 2001 and later years. A second set of results is also provided additionally incorporating data for business written in 2000 and earlier years.
  • The dataset that underlies the graduations; reformatted to enable easier use in the graduation software, available alongside Working Paper 77. Note that this spreadsheet also includes a dataset that includes business written in 2000 and earlier years

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Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    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 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.

  • Spaces available

    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.

  • GIRO 2021 Webinar Series

    Online
    8 November 2021 - 19 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

  • Spaces available

    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.

  • Life 2021 Webinar Series

    Online
    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.

  • Spaces available

    The role of actuaries within the health sector varies considerably from one country to another, due to differences in the local evolution of health systems and the funding models for health services. 

  • Spaces available

    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.
     

  • The Many Faces of Bias

    2 December 2021

    Spaces available

    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?