Council of Australian Life Insurers (CALI)

A new and exciting chapter has begun for the CALI Board At our AGM this week, we had some exciting Board changes, reflecting CALI’s growth and the strength of leadership in the Australian life insurance industry.   Join us in congratulating:     🔶 CALI Board member Kent Griffin who has stepped into the role of Co-Chair, now sharing the role with current Co-Chair Damien Mu. Kent has been on the journey with us since CALI was established and has seen us go from strength to strength, so we’re thrilled to work with him and the team at MLC Life Insurance in this new capacity.    🔶 Industry leaders Fiona Macgregor, Anton Kapel and Nicolas Carro who have been appointed as Directors on the Board. Sharing our mission and values, Fiona, Anton and Nicolas will bring new perspectives to help guide the industry’s future direction and shape the way we help protect millions of Australians every day.   And bid a fond farewell to our outgoing Directors:    🔶 Our founding CALI Director Brett Clark who retires from his role on the Board. Our sincere thanks to Brett who was our previous Co-Chair and who has played a pivotal role in setting up CALI for success from the very beginning.   🔶 Inaugural reinsurer leader Tyson Johnston who has also retired from his role on the Board. Our many thanks to Tyson for his invaluable contributions to CALI over the past two years.   Join us by sharing your welcomes and farewells with our new and outgoing Board Directors in the comments below. View the CALI Board: https://lnkd.in/gXSZZE4A   MLC Life Insurance TAL Australia Pacific Life Re AIA Challenger Limited Munich Re Christine Cupitt

Australians will face a chain reaction of financial uncertainty over generations if proposed advice reforms aren’t legislated before the next federal election. CALI CEO Christine Cupitt told The Australian, it’s time for the Federal Government to just get on with it.    “Without these reforms, millions of Australians and their families will be left behind in financial limbo.     Doing nothing won't just hurt today. It will set in motion a chain reaction over the next 10, 20 and even 30 years as many Australians remain priced-out of getting the right advice to secure their financial future and look after their loved ones.” More than 40% of Australians want more personalised financial advice that helps them make a decision about how much cover they need and the products that are best suited to them.     Under proposed reforms, this is the kind of advice life insurers would be able to give their customers about their own products when they ask for it, and at no extra cost to the customer. Read the full story below.

CALI is proud to release our 2024 annual report, highlighting a year of transformation, growth and our ongoing commitment to serving our members and the Australian community. Over the past year our industry has been investing more than ever in better understanding the needs and aspirations of Australians from all walks of life.   CALI CEO, Christine Cupitt said, “When Australian customers set their expectations, we must meet them.” Discover the collective work of CALI and the industry in 2024 to ensure Australians view life insurance and the industry as accessible, understandable and trusted: https://lnkd.in/gABMWF27

The financial advice needs of Australians are not currently being met, particularly for women and young people. Allowing life insurers to provide simple advice on their own products, when customers ask them to, is now more critical than ever as Australians face sustained cost of living pressures. Prominent social researcher Dr Rebecca Huntley dives deeper into the research behind CALI's State of Australia's Safety Net report, which looked into the lives of more than 5000 workers and the safety nets they rely on every day. 👉 Read the full story: https://lnkd.in/gRaYYQzu 👉 Access the full report: https://lnkd.in/gQmugR_w

Financial products and services present a unique risk for financial abuse and family and domestic violence.   CALI CEO, Christine Cupitt took part in a panel discussion on the complex nature of family violence and its links to economic security at the 2024 Women in Super Conference last week. Christine spoke about the work Australia’s life insurers have done and continue to do with experts, advocates and lived experience research to better protect victim-survivors.   👉 Read more: https://lnkd.in/gpCtM8Qc

Australians need better access to affordable advice, especially if they can’t afford to pay for a financial adviser in a cost-of-living crisis. “We have an advice accessibility crisis in Australia,” CALI CEO Christine Cupitt told SBS News recently. Financial advice reform is critical to empowering people to make informed decisions so they can live in a healthy, confident and secure way over their lifetime. For Catherine Ashton, the financial advice she received after a life changing car crash that left her unable to work was invaluable. But she says getting it came at a cost - around $5,000. Watch the full video below 👇

On World Mental Health day, we’re joining the global community in raising awareness about mental health, and how important it is to have meaningful connections to support and services, including your life insurer. Australia’s life insurers recognise that mental health is not just a personal challenge. It impacts families, communities and workplaces. CALI CEO Christine Cupitt joined key industry thought leaders at the ALUCA - Australasian Life Underwriting and Claims Association MiniLUCA Melbourne mental health panel today and spoke about the critical roles society, government and industry play to support people through life’s biggest challenges. “Life insurance is about more than financial protection. It’s about giving millions of people peace of mind on their best and worst days. Life insurers are one of the largest providers of financial support for people experiencing mental health challenges, second only to the Federal Government. Despite this, our research shows that only a third of Australians would turn to their life insurer for help if they couldn’t work due to a mental health challenge. There’s more work to do and life insurers stand ready to help,” she said. For more insights on Australians’ financial wellbeing, you can read CALI’s State of Australia’s Safety Net report at https://lnkd.in/gQmugR_w #worldmentalhealthday #lifeinsurance #meaningfulconnections

📣📣Announcing the five women in risk advice who have been awarded ReCALIbrate grants for 2024! A huge congratulations to Nicole B., Janice Choo, Nikki Szprinc, Rebecca Pritchard and Sam Greene 🎉 – five impressive women from around the country who juggle life and business all while empowering their clients to achieve financial security. Each woman will receive a $2000 grant to attend the Financial Advice Association Australia (FAAA) Congress on 27-29 November 2024 in Brisbane. CALI’s ReCALIbrate program fosters diversity in the industry and helps ensure that the life insurance industry is not only representative of the community it serves but also provides opportunities for more women to participate. “Each of these incredible women have a unique story to tell and through their work provide essential peace of mind for people, especially other women, during life’s biggest challenges,” said CALI CEO Christine Cupitt. As part of the program, the five recipients will also be paired with senior women in the industry to provide a forum for mentorship, learning, support and career advice – an offering that previous recipients have said is an invaluable part of the program. To learn more about ReCALIbrate and this year’s recipients, visit https://lnkd.in/g2Aq5ypU #CALI #ReCALIbrate #grants #women #CALInews

We’re thrilled to share that US-based claims guidance leader, EvolutionIQ, has signed on as our first CALI Life Partner as part of our corporate partner program. CALI Life Partners share our industry’s mission to make life insurance accessible, understandable and trusted. They are companies that support Australian life insurers to help Australians and their families have peace of mind about their future so they can live in the most healthy, confident and secure way. “We are pleased to welcome EvolutionIQ as CALI’s inaugural Life Partner. The CALI Partner Program plays an important role in connecting our members to the latest innovators, like EvolutionIQ, that can move their businesses forward,” said CALI CEO Christine Cupitt. “We are committed to supporting the Australian life insurance ecosystem and being a CALI Life Partner enables us to specialise our products to meet the dynamic needs of the Australian markets,” said EvolutionIQ’s Co-CEO, Michael Saltzman. “Our partnership with CALI means we can contribute to and shape customer experiences in Australia, and ultimately help more people return to health and a livelihood sooner.” 📨 To find out more about CALI’s Partner Program email: hello@cali.org.au #CALI #LifePartner #EvolutionIQ #CALInews

Last chance to get your ReCALIbrate applications in to receive a $2000 grant to attend the November FAAA Congress in Brisbane. Applications close this Sunday. 👉 Apply now: https://lnkd.in/ghhZwRWG