CMI Working Paper 69 accompanies the updated version of the CMI Mortality Projections Model, CMI_2013, and is issued alongside the Model and an updated User Guide

Note: More recent versions of the CMI Mortality Projections Model have subsequently been released. View the full list of model versions

The structure of the CMI_2013 Model is identical to that of the previous versions and is accompanied by an updated User Guide.  However, the default parameters contained in the model have been updated to reflect the publication of England and Wales population mortality data for calendar year 2012. This Working paper illustrates the impact of incorporating data for 2012.

CMI Working Paper 69 also summarises the responses to the recent consultation on the future of the Model and the CMI Library of Mortality Projections and outlines the Committee’s reaction and planned next steps

The default Initial Rates of Mortality Improvement are higher than those published in CMI_2012 at the youngest ages, for both males and females, however they are lower at older ages, again for both males and female. These reductions at older ages mean that Core Projections generated by CMI_2013 produce lower expectations of life than those produced by CMI_2012 (with other parameters held constant) for both males and females.

Age-period-cohort spreadsheets have been issued in response to the consultation because there were requests for increased transparency of the derivation of the Age/Period and Cohort Components of the initial rates of improvement.

Contact Details

If you have any questions about the CMI please email

info@cmilimited.co.uk

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  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

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    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

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    The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.

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    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

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    This is a free webinar with an expert panel providing their views on the ongoing IFoA consultation for proposals regarding changes to the regulatory framework on climate change and sustainability.

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    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.