You are here

CMI Working Papers 34 and 35

CMI Working Paper 35 contains the final graduations of the CMI SAPS experience for the period 2000 to 2006 based on data collected by 30 June 2007

A description of the methodology used to produce the graduations is outlined and the key statistics for each of the graduations are summarised. It also provides a summary of points made in feedback during the consultation on the draft tables published in CMI Working Paper 32 and the Committees response to this feedback.

It is the responsibility of any actuary or other person using a published mortality table to ensure that it is appropriate for the particular purpose to which it is put.

These tables have been approved by the Management Board for adoption by the IFoA. It should be noted that adoption implies that the IFoA is satisfied that the tables have been well-constructed and subjected to rigorous peer review, such that the IFoA is happy for the tables to be published in its name. It does not carry any implication that the tables are appropriate as a standard for any particular purpose. 

The mortality rates are also available in a spreadsheet and in version 3.3 of the CMI Tables Program (STP).

CMI Working Paper 34 sets out the methodology and assumptions underlying the dataset that has been used for the graduations contained in Working Paper 35

It also documents recent changes to the methodology and assumptions and the reasoning behind these changes. Working Paper 34 refers to Comparison of Approaches for Calculating Initial Exposure

Comment on the graduated tables added on 31 December 2008

The CMI SAPS Mortality Committee wishes to draw to the attention of users of the ‘S1’ series of mortality tables that female mortality rates are higher than male mortality rates at ages 55 and 56 in the ‘all pensioner’ series S1PFA and S1PMA tables. This is a genuine feature of the data at these ages and also at some younger ages. As there was little or no data at these younger ages, these tables were extended to younger ages in an arbitrary manner (see section 6 of CMI Working Paper 34); as a result this feature persists down to age 28 for qx and 29 for μx. This feature does not appear in the other graduations.

The Committee regrets that this feature of the ‘all pensioner’ graduations was not drawn to readers' attention in CMI Working Paper 35. Users of the tables are reminded that they should be aware of how they have been constructed and should only use them when it is deemed appropriate by the user to do so.

Summary data: all classes of pensioner, males, split by pension amount

Summary data: all classes of pensioner, females, split by pension amount

Summary data: all classes of pensioners, males and females, not split by pension amount

Please note that central exposed to risk is shown in these spreadsheets.

Related documents

Contact Details

If you have any questions about the CMI please email

info@cmilimited.co.uk

Filter or search events

Start date
E.g., 14/04/2021
End date
E.g., 14/04/2021

Events calendar

  • Spaces available

    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 JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA and other Regulators

  • Spaces available

    Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.

  • Actuarial Innovation in the COVID-19 era

    This event is online. 
    26 April 2021 - 7 May 2021
    Spaces available

    Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a hackathon, that showcase the range of ways in which the actuarial profession has added value, in the public interest, to the understanding and management of the current and future pandemics through insight and learning.

  • Spaces available

    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. 

    Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward.

  • Western Europe Town Hall

    28 April 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Western Europe Town Hall, hosted by John Taylor with IFoA Council Members Alan Rae, Jennifer Hartley, Maribel Vasquez Flores and IFoA Chief Executive, Stephen Mann.

  • Spaces available

    Sessional Meeting - Free to viewMis-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

  • Finance & Investment Virtual Conference 2021

    Available to watch globally in May.
    10-12 May 2021
    Spaces available

    This year's Finance and Investment Virtual Conference takes on the timely theme of ‘resilience’, something we have all learnt a lot more about in the last year! Our diverse range of talks will explore the theme of resilience in a variety of ways including in building robust investment portfolios, in the incorporation of ESG factors, in govern

  • Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Central and Eastern Europe Town Hall, hosted by John Taylor and IFoA Chief Executive, Stephen Mann. 

  • Spaces available

    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.

  • Spaces available

    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.

     

  • CILA 2021

    Available to watch globally in May.
    19-21 May 2021
    Spaces available

    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.