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CMI Working Paper 109

Working Paper 109: Proposed “IP06” claim inception rates for individual income protection.

CMI Working Paper 109 was published in July 2018. The working paper contains a consultation on the proposed “IP06” claim inception rates of CMI income protection experience in the period 2003-2010. Consultation responses should be sent to incomeprotection@cmilimited.co.uk by 30 September 2018. Note: this paper and the accompanying spreadsheets are available to authorised users only.

The proposed claim inception rates are issued as part of a consultation process and may change before final publication. Note: accompanying claim termination rates will be produced at a later date.

Download the proposed “IP06” claim inception rates

Note: The final “IP06” claim inception rates, which incorporated some changes from these proposed rates, were issued alongside Working Paper 120.

Other outputs

The data underlying the graduations is available to download. This can be used in conjunction with the “CMI Graduation software v0.2 (beta)”, which accompanied Working Paper 77, to replicate the proposed “IP06” graduations or test alternative methods.

A spreadsheet comparing the claim inceptions experience of the dataset with the proposed graduations, and showing the results of statistical tests and accompanying charts for subsets of data, is also available.

Contact Details

If you have any questions about the CMI please email

info@cmilimited.co.uk

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    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. 

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    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.

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    26 February 2021

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    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.

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    2 March 2021

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    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.