The graduations are based on the experience of male, occupation class 1 lives for individual IP business for 1991-98 and will be referred to as IPM 1991-98.
The complexity of IP risks and limitations in the data have contributed towards the work producing these graduations being spread over a number of years and the results, including graduated sickness inception and termination rates, being presented in five inter-related working papers, totalling nearly 300 pages.
To help practitioners benefit from this large body of work, an overview paper has also been produced.
CMI Working Paper 48: An Overview of the Sickness Inception and Termination Rate Graduations provides an overview of the work presented in the five inter-related working papers
CMI Working Paper 48 summarises both the methodology and the key features of the graduations and experience. It is hoped that this paper will meet the needs of many IP practitioners on a stand-alone basis, and that it will also serve to provide an introduction and contextual ‘road map’ for the longer papers for those readers who wish to follow through all the detail.
CMI Working Paper 46: Background Papers on the Analysis of CMI Individual Income Protection Claim Records. This paper contains four short papers that present features of the claims data and changes to the initial processing of this data and report results of background investigations.
CMI Working paper 47: The Graduation of Sickness Rates for the CMI Individual Income Protection Experience 1991-98 of Males, Occupation Class 1. This is the main paper describing the development of the new graduations of the sickness inception experience.
This work was carried out before embarking on the graduation of the inception experience as the multi-state model demands this.
CMI Working Paper 5: The Graduation of Claim Recovery and Mortality Intensities for the Individual IP Experience for 1991-98 of Males, Occupation Class 1. This is the main paper describing the development of the new graduations of the termination experience.
CMI Working Paper 6: Date-related Features of Individual Income Protection Claims 1975-1998. This paper describes some features which emerged during the detailed examination of the claims records during the course of the work undertaken to produce graduations of the termination experience.
CMI Working Paper 7: The Claim Termination Experience of Income Protection Business, 1991-98, for Other Male Occupations, Females and Group. This paper compares the experience of other subsets of the 1991-98 data with the new termination graduations, which were based on the male, class 1 experience.
These Working Papers refer to the Committee’s intention to recommend the IPM 1991-98 rates for ‘adoption’ by the IFoA
It was subsequently agreed that the concept of adoption was no longer relevant and this was not pursued. It should not be inferred that there was any dilution of quality standards in respect of the IPM 1991-98 tables.
CMI Working paper 48. An overview of the graduations of sickness inceptions and termination rates for the CMI individual income protection experience for 1991-98 of males, occupation class 130 June 2010
CMI Working paper 46. Background papers on the analysis of CMI individual income protection claim records30 June 2010
CMI Working paper 47. The graduation of sickness rates for the CMI individual income protection experience for 1991-98 of males, occupation class 129 July 2010
Graduated values of claim inception intensities for males, occupation class 1, 1991-98, by exact age at falling sick29 July 2010
CMI Working paper 7. The claim termination experience of icome protection business, 1991-98, for other male occupations, females and group6 May 2004
- 6 May 2004
CMI Working paper 5. The graduation of claim recovery and mortality intensities for the individual income protection experience for 1991-98 of males, occupation class 16 May 2004
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This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on the expected future changes. Through examining the transformation, we will highlight how the sector is and can use actuarial expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.
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This webinar will discuss good exam technique, including various approaches candidates can take in managing their time completing their exams in the online format.
This session is for new candidates and existing candidates where we will be discussing the practical steps you need to take leading up your exam and on the day. We will be discussing how to testing the online exam platform, downloading and uploading your paper and key information from the Exam Handbook.
The exam webinar is for candidates, new to IFoA exams and returning candidates, sitting in the September 2022 exam session.
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Health contributes to happiness at the personal, family, community and societal level. Health, importantly underpins all our economic security. This talk will explore the drivers of our health, the measurement of health and the steps we can take to improve health – most of which lie outside the NHS.
We are delighted to announce the return of GIRO as an in-person conference, giving you an opportunity to connect with actuaries in your practice area. Join leading experts to discuss key issues, emerging ideas, and new research across the General Insurance sector.
Life Conference returns as an in-person conference in 2022, giving you an opportunity to connect with your peers and fellow actuaries in your sector, in person. You will also hear leading experts discuss key issues, emerging ideas, and new research across the Life insurance sector.
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