- 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.
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Delivered by the IFRS 17 Contractual Service Margin working party.
The Certified Actuarial Analyst (CAA) qualification has rapidly established itself as adding real value, to insurers and consultancies, and to the clients of consultancies, around the World. CAAs work alongside actuaries and actuarial students, as well as other financial services professionals, in an increasingly broad range of roles and fields.
This session is a repeat of the one earlier today at 09:30
Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.
This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.
This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
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Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.
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