Financial security takes back seat exposing advice crisis as Australians prefer to protect cars over themselves
Australians are now almost three times more likely to insure their car instead of their biggest asset – themselves and their earning potential – with new research revealing a deepening national crisis in access to affordable financial advice. Independent research commissioned by the Council of Australian Life Insurers (CALI) surveying more than 5000 working Australians […]
Australians need certainty from Government genetic tests ban
Life insurers are calling for the Federal Government to give Australians more certainty on the future of its ban on the use of genetic test results in insurance underwriting. The Council of Australian Life Insurers (CALI) and its 20 members fully support the move to strict Government regulation, which was announced in September this year. […]
Aussie retirees the big winners in new Govt spend to ease the shift to retirement
Australian retirees will have more information at their fingertips to help support them as they navigate their retirement following a Federal Government announcement. The Council of Australian Life Insurers (CALI) welcomes the move to improve the retirement phase of superannuation through a suite of measures aimed at giving people more trusted information, better retirement products […]
CALI Board elects new Co-Chair and Directors
The Board of the Council of Australian Life Insurers (CALI) has elected a new Co-Chair and three new Directors. MLC Life Insurance CEO and Managing Director Kent Griffin has been appointed Co-Chair and will share the role with his AIA Australia counterpart Damien Mu. Kent has more than 30 years’ corporate and consulting experience in […]
Australians to face generations of financial uncertainty if advice reforms are put off
Australians will face a chain reaction of financial uncertainty over generations if proposed advice reforms aren’t legislated before the next federal election. The Council of Australian Life Insurers (CALI) is raising the alarm about the generational impacts of further delays to tranche two of the Federal Government’s Delivering Better Financial Outcomes package. “Without these reforms, […]
Response to AFCA’s consultation on superannuation approaches
CALI has submitted a detailed response to the Australian Financial Complaints Authority (AFCA) on its draft on superannuation approaches. CALI has provided constructive feedback to refine the document’s clarity, legal consistency, and operational feasibility to foster a fair, balanced, and practical approach to dispute resolution in the superannuation sector. In the response, CALI has provided […]
From a football coach to a martial arts trainee, five women in risk advice are crowned 2024 ReCALIbrate recipients
A football coach, accredited netball umpire and martial arts trainee are among the women in risk advice who’ve been crowned 2024 ReCALIbrate grant recipients. The annual program run by the Council of Australian Life Insurers (CALI) offers $2000 to five risk advisers to attend the Financial Advice Association Australia (FAAA) Congress. This year’s ReCALIbrate recipients […]
Global claims guidance leader EvolutionIQ joins as CALI’s inaugural Life Partner
US-based EvolutionIQ, a global leader in claims guidance technology, has signed on as the Council of Australian Life Insurers (CALI)’s first Life Partner as part of its corporate partner program. The CALI Partner Program is designed to foster collaboration and create a connected ecosystem of industry experts. CALI Life Partners share the industry’s mission to […]
TRANSCRIPT: Opening statement from Christine Cupitt at Parliament House media conference with Assistant Treasurer Stephen Jones on use of genetic tests in insurance underwriting | Canberra, 11 September 2024
Christine Cupitt, Council of Australian Life Insurers CEO: Good morning. Thank you, Kara, for sharing your experience. The Council of Australian Life Insurers fully supports this announcement, which has come after more than 12 months of engagement with the Government. It’s good for Australians and their families, it’s good for industry and it’s good for […]
Life insurers welcome strict regulation of industry use of genetic test results
The Council of Australian Life Insurers (CALI) welcomes a Federal Government ban on the use of genetic test results in insurance underwriting. The industry fully supports the move to strict regulation, which will help ensure Australians are confident about accessing the information they need to better manage their health. It comes after more than a […]