- summarises the responses received to Working Paper 13 (a draft coding guide issued in April 2005);
- explains the changes made as a result of the consultation exercise;
- sets out a number of areas for further consideration.
This was accompanied by an updated Per-Policy Coding Guide for the CMI mortality and critical illness investigations.
Critical illness data submissions will continue to be accepted using the current critical illness coding guide for the foreseeable future, but offices submitting both mortality and critical illness data are encouraged to update their critical illness to the latest combined coding guide when they amend their mortality submission.
There is also a large overlap with the in force data requirements for income protection, although the claims data is obviously quite different. The possibility of converging the coding guide for individual income protection business is being considered further.
Working paper 19 is not intended as a consultation paper but the CMI always welcomes feedback from member offices
We will be particularly grateful for views on the various issues outlined in the working paper for further consideration, including:
- data submission for income protection;
- extension of CMI analyses to lapses and waiver of premium benefits;
- impairment codes and other underwriting factors;
- inclusion of further data items.
This does not constitute a formal consultation exercise, but may influence the priority with which the remaining issues are addressed and the direction taken.
You might also like
If you have any questions about the CMI please email
Filter or search events
We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”
In April 2021, the CMI Income Protection Committee published Working Paper 149, which detailed the changes to analysis methodology for the Income Protection Investigation and the impact of past data issues. This webinar will provide an overview of the changes in the analysis approach and discuss the adjustments to the IP11 claim inceptions graduations.
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.