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

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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

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Australians need easier access to life insurance, not more barriers

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The Council of Australian Life Insurers is warning that life insurance lead generation should not be swept up into a blanket ban designed to address misconduct in other parts of

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Mental ill-health straining the nation’s income support safety net

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The number of people accessing financial support because they can’t work due to injury or illness has surged in Australia over the past decade, with two million more Australians now

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Independent Life Code review interim report welcomed by Australia’s life insurers

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Australia’s life insurers have welcomed the release of the interim report on the independent review of the Life Insurance Code of Practice (Life Code). The review, led by highly respected financial sector expert Peter Kell, involves deep engagement with the community, consumer advocates and

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Life insurers welcome the passage of new laws that give people confidence on genetic testing

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Australia’s life insurers welcome the passage of federal laws that will give Australians more confidence about getting a genetic test, knowing it can’t be used in insurance underwriting. The legislation,

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Failure to act on advice reforms leaves Aussies exposed as they turn to AI for insurance advice

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Australians are at greater risk of scams and dodgy providers as they reveal a deep trust in AI for financial advice, the life insurance industry warns. A staggering three in

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CALI responds to Life Code review saying to focus on trust and consumer protections

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The Council of Australian Life Insurers (CALI) has submitted its response to the independent review of the Life Insurance Code of Practice (Life Code), reaffirming its commitment to strong customer

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CALI welcomes new legislation giving Australians confidence to use predictive genetic testing

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The Council of Australian Life Insurers (CALI) has welcomed the introduction of Federal Government legislation banning the use of predictive genetic test results in life insurance underwriting today. CALI CEO

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Australia’s safety net frays as mental health and money pressures hit

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Australians of all ages are feeling the squeeze of rising costs, mental health pressures, and uncertainty about their financial futures, according to new independent research commissioned by the Council of

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Life insurers commit to mental health action plan

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Australia’s life insurers will develop a new industry action plan for mental health, aimed at supporting long-term affordability and industry sustainability and delivering greater clarity, fairness, and transparency for customers.

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