Industry Bodies

You are in News + Outlook ⁄ Industry Bodies ⁄ Australia’s life insurers welcome stronger regulatory focus on growth and innovation

Australia’s life insurers welcome stronger regulatory focus on growth and innovation

21 Jul 2026

From CALI - Council of Australian Life Insurers

Christine Cupitt

Australia’s life insurers have welcomed the Australian Government’s new Statements of Expectations for the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC).

Council of Australian Life Insurers (CALI) CEO Christine Cupitt said the Government’s new expectations were a strong message that regulation was there to protect Australians without holding back growth, innovation and competition unnecessarily.

“Strong, effective regulation protects Australians and gives them confidence that their life insurer will be there when they need it most,” Ms Cupitt said.

“At the same time, better regulation doesn’t mean more regulation. It means making pragmatic choices that support customer protections, while simplifying or removing rules that are outdated or duplicated.

“A regulatory environment that supports innovation and competition will give Australians greater choice and help ensure life insurance remains affordable and accessible.

“These settings are especially important as our industry looks to provide affordable and sustainable cover that responds to the challenge of rising mental ill-health in the community.”

CALI and its members look forward to working with APRA and ASIC to continue to support a stronger, more innovative life insurance industry, while maintaining strong customer protections.

Tags:Christine Cupitt

Earn CPD Points

CPD: The Two-Chapter retirement – a framework for understanding retiree psychology
Introduction Why do financially secure retirees still hesitate to spend, or commit to strategies that would clearly improve their outcomes? This article sets out the Two-Chapter Retirement framework, a new [...]
CPD: China’s next phase – what persistent supply-side growth means for global markets
China’s economic trajectory is shifting, but not in the way many had once expected. Consumption-led rebalancing has not materialised. Instead, economic policy continues to emphasise industrial modernisation, aligned with a [...]
CPD: Ethics and client best interests
In financial advice, acting in a client’s best interest isn’t just a regulatory rule, it’s the foundation of a trusting, successful partnership. This article, proudly sponsored by GSFM, examines the [...]
CPD: Capitalising on global growth in the decarbonisation era
Few themes rival the scale, urgency and long-term significance of climate change. Consequently, regions, countries, companies and individuals are taking positive action to decarbonise the planet and work toward net [...]
CPD: Decoding the compliance signals within AFCA’s Lead Decisions
Introduction In February 2026, the Australian Financial Complaints Authority (AFCA), reached a significant milestone when it issued its 1,000th Dixon Advisory determination[1]. Up until that point, this represented the single [...]