CMI_2024: Unlocking the power of the new model, and what comes next?

The new CMI_2024 model represents one of the most significant updates to the CMI mortality projections framework in over a decade

The latest improvements mark a major step forward for users across the pensions and insurance industries. What additional flexibility do these substantial changes offer, and where should attention turn next?

The CMI model consists of two separate parts – calibration to past data, and then the projection into the future.

The default model calibration is set to be appropriate for the population of England and Wales but many of its users also apply the model to other regions. How does the new model help us reflect different trends, including patterns of Covid-19 related deaths, and what can be learnt from applying the model to the Netherlands?

Separately, the projection methodology remains largely unchanged since earlier versions of the CMI model. Is it time to look more closely at this aspect of the model?

In this webinar, LCP experts Stuart McDonald, Ben Rees, Calum Linton and guest speaker Michael Anderson, Vice President of Longevity Research at global reinsurer at RGA, will share their personal perspectives on:

• The major highlights and successes of CMI_2024
• How to take advantage of the updated features of the model
• Calibrating the CMI_2024 model to different populations, with the Netherlands as a case study
• How the projection element could be revisited, particularly the treatment of older-age mortality