CMI Working Paper 43

CMI Working Paper 43 presents claim diagnosis rates for accelerated critical illness insurance, on a 'lives' basis, using data for claims settled in 1999 to 2004

Four sets of rates are included in the paper:

• males;
• females;
• non-smokers;
• smokers.

The derivation of these diagnosis rates builds on our previous work. This had progressed to 'adjusted' results, which properly match claims to exposure, but do so in terms of settled claims, not diagnosed claims. The results in this paper are the first the CMI Critical Illness Committee has produced that relate to the date of diagnosis, when a critical illness claim is incurred.

The rates are by no means the only sets of rates that could have been derived from the data. Consequently the Committee is making available to member offices spreadsheets containing summarised data that will allow practitioners to experiment with alternative approaches.

The revised version of the working paper was released on 15 March 2010 and corrects some numbers in tables 3.16, C5 and C17.