First look at the CMI_2023 model release

18 Apr 2024 - Estimated reading time: 10 minutes

The Continuous Mortality Investigation (CMI) model is the most popular model used by insurers in the UK to express views of future mortality.

It is calibrated to population mortality data, with recent trends used to inform the short-term rate of improvement.

The release of the latest model is a key event within a life actuary's calendar and, following consultation on the core parametrisation, CMI_2023 was published on 18 April.

Download our latest newsflash, in which Megan Hart and Ross Murray take a first look at the model and its key updates, including:

  • the default parametrisation put forward by CMI
  • post-pandemic data weighting
  • what this means for insurers and reinsurers.

Read our publication here

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