The Australian life insurance industry has come together behind its newly formed peak body, the Council of Australian Life Insurers (CALI). Nineteen life insurers and reinsurers have now become full members of CALI, representing 99% of the life insurance industry and 100% of the reinsurance industry in Australia.
CALI co-Chairs, Damien Mu, chief executive and managing director, AIA Australia and Brett Clark, group chief executive and managing director, TAL, said the strong engagement and support from across the industry underscored the important role that CALI will play.
“CALI has been established as a dedicated peak body to act as the progressive voice of life insurance in Australia and to represent the interests of the industry and our customers and partners.
“CALI has an essential role to play in driving positive outcomes through engagement with our stakeholders, including Government, consumers, their representatives, and regulators.”
Membership of the CALI board has also been finalised, with representatives from AIA Australia, ClearView, Integrity Life, MetLife, MLC Life Insurance, Pacific Life Re, Resolution Life Australasia, TAL, and Zurich Financial Services.
Christine Cupitt was recently announced as the incoming CEO, commencing in January 2023, who joins CALI from the Australian Banking Association (ABA) where she is currently Chief of Policy and Strategy.
“The mandate which accompanies such strong endorsement and commitment from across the industry ensures Chris and the team she establishes will be well positioned to advocate for sound public policy outcomes that benefit customers and the community,” said Mr Mu and Mr Clark.
|ClearView||General Reinsurance Life|
|Hannover Re||HCF Life|
|Integrity Life||MetLife Australia|
|MLC Life Insurance||Munich Re|
|NobleOak||Pacific Life Re|
|Resolution Life Australasia||SCOR Life & Health|
|Zurich Financial Services|