The library is intended to bring together previously-published tables of projections, and adjustments to these in common use, together with sample projections from the methodologies that the CMI has recently been researching, namely P-splines and Lee-Carter.
CMI Working Paper 27 was a consultation document, including an extensive list of specific questions. Consultation meetings were held in London and Edinburgh in July 2007 to discuss the library. Access the slides from these meetings.
The responses received to CMI Working Paper 27 and the draft library of mortality projections have been summarised in CMI Working Paper 30, as well as the CMI's reaction to these points, and the resultant changes incorporated in version 1.0 of the library.
Subsequent to the publication of CMI Working Paper 27 the CMI became aware that the dataset for permanent assurances for male lives used in recent research into mortality projections included initial exposures but was used as if these were central exposures. As a result, the results published in Working Papers 20, 25 and 27 and the projections in the draft library that used this dataset were inaccurate. The following errata and revisions are available:
CMI Working Paper 27 was not re-issued, as it was felt preferable to retain the version on which consultation took place. In addition it has effectively been superseded by CMI Working Paper 30, and the user guide.
The draft library has now effectively been replaced by version 1.0 of the library. Please contact the CMI should you require a copy of the draft library.
CMI Working paper 27. The library of mortality projections and the draft "library" of mortality projections10 July 2007
- 30 June 2007
- 23 November 2007
- 23 November 2007
- 1 November 2007
CMI Working paper 20 (revised). Stochastic projection methodologies - Further progress and P-Spline model features, example results and implications.1 November 2007
CMI Working paper 25 (revised). Stochastic projection methodologies: Lee-Carter model features, example results and implications23 November 2007
If you have any questions about the CMI please email
Filter or search events
We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.
Opportunity to participate in a virtual Roundtable Discussion hosted by the IFoA in conjunction with the City of London Corporation’s Socio-economic Diversity Taskforce
In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.
The Business of the AGM
Join newly inaugurated IFoA President, Matt Saker, for his Presidential Address.
We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.
This webinar will cover:
• Some background on the risks of misselling in an ESG context, including the DWS case
• Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities
• This tension can be resolved with a concept called Universal Ownership
• Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities
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.