News from across the Ditch this week reports Australia’s new peak life insurance industry body seems to be forging ahead with full support from the institutions that will comprise its member base.
A recent statement notes nineteen life insurers and reinsurers have now become full members of the Council of Australian Life Insurers (CALI), representing 99% of the life insurance industry and 100% of the reinsurance industry in Australia.
The statement reaffirms 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.”
The nineteen life insurance and reinsurance members of CALI are:
- AIA Australia
- Challenger
- Clearview
- General Reinsurance Life
- Hannover Re
- HCF Life
- Integrity Life
- MetLife Australia
- MLC Life Insurance
- Munich Re
- NobleOak (including NEOS)
- Pacific Life Re
- QInsure
- RGA Reinsurance
- Resolution Life Australasia
- SCORE Life & Health
- Swiss Re
- TAL
- Zurich Financial Services
Membership of the CALI board has also been finalised, comprising representatives from AIA Australia, ClearView, Integrity Life, MetLife, MLC Life Insurance, Pacific Life Re, Resolution Life Australasia, TAL, and Zurich Financial Services.
CALI co-Chairs Damien Mu, CEO and MD of AIA Australia & NZ and Brett Clark, group chief executive and MD of TAL, have said strong engagement and support from across the industry underscored the important role that CALI will play.