- Yes (52%)
- Not sure yet (27%)
- No (21%)
Our latest poll asks you to reflect on what the formation of CALI might mean for the life insurance sector and the consumers it serves.
Some Riskinfo readers have welcomed this initiative – one which will create a sector-specific peak body whose entire focus revolves around the life insurance narrative. Other readers, however, have already expressed a degree of cynicism towards the formation of CALI, arguing that ‘the damage has already been done’ due to what has been perceived by some as a collective failure of the life companies – via the FSC – to advocate more strongly for a better and fairer outcome than that delivered by the Life Insurance Framework reforms.
The United Kingdom’s life insurance industry peak body is the Association of British Insurers. This organisation is dedicated to advancing the interests of the life insurance (and long-term savings) sector – for the benefit of all – and was formed in 1985.
In Australia, until last week’s announcement, there has not existed a life insurance sector-specific peak body in the same vein as the ABI. Perhaps, though – given the sharp focus on the life insurance agenda – CALI will deliver that same strong representation of the interests of all stakeholders operating in the Australian sector as the ABI seeks to do in the UK.
There’s much more reflection we could add, and we probably will next week, but for the time being, it’s over to you. Tell us what you think…