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.
Download Version 1.0 of the CMI Library of Mortality Projections.
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 In addition it has effectively been superseded by CMI Working Paper 30, and the user guide.
The draft library has now effectively been replaced by version 1.0 of the library.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.
Related documents
-
CMI Working paper 27. The library of mortality projections and the draft "library" of mortality projections
10 July 2007 -
The CMI Library of mortality projections (slides)
30 June 2007 -
CMI Working paper 30. The CMI library of mortality projections
23 November 2007 -
CMI library of mortality projections. Version 1.0 of the library of projections
23 November 2007 -
Errata to CMI Working papers 20, 25 and 27 on mortality projections
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 implications
23 November 2007
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19 April 2021
Wicked Problems, Clumsy Solutions and Leading Change -
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'. -
Professional Skills Training Webinar - 21 April 2021
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Actuarial Innovation in the COVID-19 era
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This event is now temporarily closed on Monday 26 April, but the session will be repeated on Tuesday 27 April, 09.00-10.30. Please click here to register your place.
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Europe Town Hall
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Available to watch globally in May.19-21 May 2021
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; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards. -
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Online webinar series16-22 June 2021
Welcome to the programme for our 2nd Virtual Pensions Conference. This year's conference features 11 webinars offering members and non-members the opportunity to get up to date content from leading experts in the pension industry. There will also be opportunity to ask questions and contribute to the discussion.
Wicked Problems, Clumsy Solutions and Leading Change
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 '
Climate-Related Risk - This free to view webinar on Climate-Related Risk is the first in a series focusing on some of the ‘Hotspots’ identified in the 
Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a 
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
This talk will explore the potential benefits that wearable tech can bring to health & protection insurers and their customers. The traditional approach of integrating wearables into insurance has largely focused on measuring steps and using rewards-based incentive programs to encourage more activity.
Join us for this talk with Professor Sir Adrian Smith as part of the 'Dr Patrick Poon Presidential Speaker Series'. Professor Smith joined The Alan Turing Institute as Institute Director and Chief Executive in September 2018. In November 2020, he became President of the Royal Society, in addition to his leadership of the Turing. He is also a member of the government's AI Council, which helps boost AI growth in the UK and promote its adoption and ethical use in businesses and organisations across the country. He received a knighthood in the 2011 New Year Honours list.
Welcome to the programme for our 2nd Virtual Pensions Conference. This year's conference features 11 webinars offering members and non-members the opportunity to get up to date content from leading experts in the pension industry. There will also be opportunity to ask questions and contribute to the discussion.