CMI notes ongoing high mortality for young adults The Continuous Mortality Investigation (CMI) publishes frequent mortality analysis for England & Wales through its mortality monitors. Today’s updates cover week 39 of 2024 (to 27 September 2024) and the third quarter of 2024, based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 9 October 2024. The key points are: -> Mortality in the first three-quarters of 2024 was lower than in the first three-quarters of any other year apart from 2019. There has been a significant improvement compared to 2023, with cumulative mortality rates currently 3.5% lower. -> All age groups have seen lower mortality in the first three-quarters of 2024 than in the first three-quarters of 2023. -> However, mortality compared to the 2014-2023 average varies significantly by age. Mortality in 2024 for ages 20-44 is 2% above the ten-year average, which includes the peak pandemic period, while mortality for ages 65-100 is 4% below it. -> There were around 7,600 deaths involving COVID-19 registered in the first three-quarters of 2024, compared to around 13,600 in the first three-quarters of 2023 and 27,000 in the first three-quarters of 2022. -> The impact of death certificate reform on 9 September 2024 means that the numbers of deaths registered in recent weeks may be inconsistent with earlier weeks. Cobus Daneel, Chair of the CMI Mortality Projections Committee, said: “Over the past eighteen months, overall mortality rates have been similar to the period immediately before the pandemic. However, the overall mortality rate is dominated by pensioner mortality, which is near record lows. In sharp contrast to this, mortality for younger adults is still above the ten-year average whereas we would typically expect mortality rates to fall over time.” All mortality monitors available from: https://lnkd.in/gepZwWn
Continuous Mortality Investigation
Financial Services
London, London 2,816 followers
Authoritative and independent research into mortality and morbidity
About us
The Continuous Mortality Investigation (CMI) carries out research into mortality and morbidity experience and produces practical tools that are widely used by actuaries. The CMI’s work is focused on five investigations. Four of these consider areas of base mortality and morbidity, analysing data supplied by UK life assurance companies and actuarial consultancies; these investigations cover: •Annuitant mortality •Assurances (critical illness and mortality) •Income protection, and •Self-administered pension scheme (SAPS) mortality. Each investigation analyses the experience observed in subsets of the aggregated data and periodically produces mortality and morbidity tables. The fifth investigation covers mortality projections and considers future changes in mortality experience, an area of great importance to actuaries. The CMI is funded by subscriptions. The subscribers have access to all the outputs we produce; these are also made available to academics and researchers for non-commercial use. Historically, most of CMI’s work was published more widely and these publications remain freely-available on the website.
- Website
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https://www.actuaries.org.uk/learn-and-develop/continuous-mortality-investigation
External link for Continuous Mortality Investigation
- Industry
- Financial Services
- Company size
- 1 employee
- Headquarters
- London, London
- Type
- Nonprofit
- Founded
- 1924
Locations
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Primary
London, London EC2Y 5AU, GB
Employees at Continuous Mortality Investigation
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Chris Reynolds
Head of Life Pricing (SiriusPoint)
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Clare Griffiths
Head of Public Health Analytical Product Development at Department of Health and Social Care
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Aidan Smith
Chief Actuary insurance & investment at the Government Actuary's Department
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Chris Tavener
Partner at Lane Clark & Peacock, Head of Life Analytics
Updates
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The CMI Self-Administered Pension Scheme Committee has released Working Paper 194, “Multi-factor analysis of the mortality experience of pensioners for 2015 to 2022”. The working paper presents an analysis of the mortality experience of the SAPS dataset by a range of different factors including pension amount, Index of Multiple Deprivation (IMD) decile, region, and industry, as well as by combinations of these factors. The working paper is available here: https://lnkd.in/eDeQ-vkj
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The CMI has today published its weekly mortality monitor for week 38 of 2024. Please note that since 9 September 2024 death registration reforms means that the five-day period for registering a death starts on the date that the registrar receives a signed medical certificate of cause of death from the medical examiner, or relevant notification from the coroner. Previously, deaths should legally have been registered within five days of the death occurring or the date on which a body was found (including weekends and bank holidays), unless a coroner was involved. This change may have affected registration delays in the first weeks after 9 September and, therefore, the statistics covering recent weeks contained in this monitor should be treated with care. All mortality monitors available from: https://lnkd.in/gepZwWn
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The CMI has today published its weekly mortality monitor for week 37 of 2024. All mortality monitors available from: https://lnkd.in/gepZwWn
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The CMI Income Protection Committee has released Working Paper 193, “Claim inception and termination experience of individual income protection 2017-2020”. This is our first experience analysis since making significant changes to the inceptions exposure calculation methodology and the format of data collected from insurance companies. For the first time in a CMI income protection experience report, analysis is included by smoker status. Analysis by the typical factors for income protection is also included: sex, occupation class, deferred period, age and calendar year. The working paper is available here: https://lnkd.in/eAfhpRgE
CMI Working Paper 193
actuaries.org.uk
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The CMI has today published its weekly mortality monitor for week 36 of 2024. All mortality monitors available from: https://lnkd.in/gepZwWn
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The CMI has today published its weekly mortality monitor for week 35 of 2024. Please note that bank holidays mean that results for recent weeks may not be directly comparable to other weeks or years. All mortality monitors available from: https://lnkd.in/gepZwWn
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On Wednesday we hosted our annual CMI Volunteer Forum, a chance for all CMI volunteers to get together and discuss the past, present and future of the CMI's work. This year's forum is particularly special as this is the CMI's centenary year, and we took the opportunity to invite individuals who have previously volunteered for the CMI. Below are a few pictures from the event, including past and present CMI Chairs/Deputy Chairs and CMI Secretaries.
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The CMI has today published its weekly mortality monitor for week 34 of 2024. All mortality monitors available from: https://lnkd.in/gepZwWn
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The CMI has today published its weekly mortality monitor for week 33 of 2024. All mortality monitors available from: https://lnkd.in/gepZwWn