The tables given are as follows:
|Table||Investigation||Sex||Lives / Amounts||Select period|
|AM00||Assured Lives - combined||Male||Lives||2|
|AMS00||Assured Lives - smokers||Male||Lives||2|
|AMN00||Assured Lives - non-smokers||Male||Lives||2|
|AF00||Assured Lives - combined||Female||Lives||2|
|AFS00||Assured Lives - smokers||Female||Lives||2|
|AFN00||Assured Lives - non-smokers||Female||Lives||2|
|TM00||Temporary Assured Lives - combined||Male||Lives||5|
|TMS00||Temporary Assured Lives - smokers||Male||Lives||5|
|TMN00||Temporary Assured Lives - non-smokers||Male||Lives||5|
|TF00||Temporary Assured Lives - combined||Female||Lives||5|
|TFS00||Temporary Assured Lives - smokers||Female||Lives||5|
|TFN00||Temporary Assured Lives - non-smokers||Female||Lives||5|
These tables are based on the ‘all office’ mortality experience for 1999-2002, as detailed in CMI Report 21 which was published in September 2004
The CMI consulted the profession about these, and other, proposed mortality tables CMI Working Paper 8 which was published in May 2004. That paper was discussed at a seminar held in Staple Inn in June 2004.
The 00 series of tables of mortality for pensioners and annuitants requires a projection of future mortality improvements to be incorporated in them. Matters being considered by the CMI in relation to these projections were described in Working Paper 3, which was published in March 2004. That paper was also discussed at the seminar in June. Work on the projections continues and is not expected to be completed until mid 2005. At that point the full proposed tables, including the projections, will be made available.
The proposed new tables of mortality for assured lives and temporary assurances are significantly lighter than the previous 92 series of tables
However, the new tables are consistent with the results disclosed in the CMI’s regular annual reports on industry mortality experience, the quadrennium report in CMI Report 21 (2004) and with the information contained in CMI Working Paper 8. That paper gave a detailed comparison of the 1999-2002 experience with the 92 series tables, including confidence intervals for mortality rates at particular ages. In this way information as to the shape and level of mortality that the new tables will be required to describe was disclosed.
The CMI is aware that some offices are required, for some purposes, to use the latest published mortality tables. It should be noted that the information that is now being made available does not constitute ‘publication’ of the tables.
Erratum (added 5 May 2011)
Formula (1) on page 17 of Working paper 12 is incorrect. This Erratum gives the corrected formula.
If you have any questions about the CMI please email
Filter or search events
As part of the ARC Webinar Series 2021, this webinar will review the work of the UEA/Aviva research team over the last four years on a major research programme funded by the IFoA’s Actuarial Research Centre.
Climate change poses a significant threat across many regions and sectors, and businesses. Insurers and asset managers, must play a role in ensuring transparency around climate related risks and opportunities.
Whilst insurers have been performing stress and scenario testing for many years, in the last 12 months the PRA has increased its focus on the ability to identify, measure and increase financial and operational resilience.
There is widening debate that many of our social, financial and regulatory institutions need to be rethought so that we can create more sustainable futures, particularly in light of the Covid-19 pandemic, the policy/macro-economic response to the pandemic and how it affects consumers, as well as the impending climate crisis. This multi-day series of three keynote webinars, individually presented by leading economist John Kay, Sir Paul Collier, Professor of Economics and Public Policy at the Blavatnik School of Government, Ashok Gupta, Chair at Mercer Ltd, and Nico Aspinall, Chief Investment Officer at B&CE, will open up discussion on these essential topics. The series will culminate in a panel session with Chief Economist of the Bank of England, Andy Haldane.
This webinar provides an overview of the state of the UK protection market, and how different insurers are using different levels of sophistication to price (such as using customer demand models). It considers how insurers have implemented these sophisticated pricing techniques, and the practical challenges they have faced.
This discussion will revolve around the latest industry developments including and introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events), insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay), how firms can apply these learnings to future arrangements, and the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)
What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code? How does effective stewardship create long term value for beneficiaries and what roles do asset owners and asset managers play in active stewardship. This webinar will offer answers to these questions in a practical approach to stewardship reporting.
Dr Catherine Donnelly will present the basics of the structures for pooling longevity risks and summarise recent research results in this area in addition to outlinging future research around this topic. This is work under a research programme funded by the IFoA's Actuarial Research Centre, called 'Minimizing longevity and investment risk while optimising future pension plans'.
Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis. However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year. This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work.