Life Insurance Outlook Conference 2023
As the life insurance industry moves into 2023 it is facing an abundance of challenges, ranging from the profitability of individual disability income insurance to the future of the Life Insurance Framework in the context of the Quality of Advice Review.
Financial Newswire will present the latest market intelligence impacting the life insurance space from the question of which companies dominate market share through to a thorough analysis of declining life/risk adviser numbers and what this means for life insurers, advisers and their clients.
The conference will also examine the always challenging area of claims-handling and regulatory oversight.
The Financial Newswire Life Insurance Outlook Conference 2023 also brings together three of Australia’s top life insurance chief executives to discuss the future of the industry and the emergence of the new Council of Australian Life Insurers (CALI).
This represents an unparalleled opportunity to bring yourself up to date with events in life insurance and to prepare for the year ahead. You will also find out which industry products have been voted by your industry peers as the best on the market at our second Adviser Choice Risk Awards.
Registrations are open now.
WHERE
The Winx Stand
Royal Randwick Racecourse
Alison Road, Randwick NSW 2031
WHEN
Tuesday, 7th March 2023
10:50am to 4:30pm
Registration desk opens from 10:00am
AGENDA
TIME | Tuesday 7th March |
10:50 | Chairperson’s Opening Remarks Speaker:
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11:00 | Industry Landscape Keynote Join newly-installed CALI chief executive, Christine Cupitt as she shares her outlook on the life insurance industry in a keynote speech, with a Q&A opportunity to gain exclusive insights into her thoughts on the challenges the industry is facing in 2023. Speaker:
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11:30 | Keynote: Market share and product performance Dexx&R principal, Mark Kachor delivers a detailed analysis of the current state of the life insurance sector including which insurers hold the most market share and why they have consolidated their positions Speaker:
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12:00 | Panel: The future of insurance inside superannuation A panel of superannuation fund chief executives discusses the future of group insurance in the context of recent legislative changes and sector consolidation Speakers:
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12:40 | Lunch |
1:30 | Financial Adviser Panel: The Life Insurance Framework Speakers:
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2:20 | Keynote: WealthData analysis of specialist life/risk advisers WealthData principal, Colin Williams provides a detailed (whitepaper) overview of the numbers of specialist life/risk advisers still operating in the profession and the disproportionate rate of decline over the past eight years Speaker:
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2:50 | Afternoon Tea and Networking Break |
3:05 | CEO Panel Speakers:
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3:50 | Keynote: Life insurance claims handling Integrity Resolutions principal, Col Fullagar, provides an overview of life insurance claims handling and questions whether the necessary lessons have been learned in the wake of recent ASIC reviews Speaker:
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4:15 | Adviser Choice Risk Awards 2023 Presentation |
4:35 | Closing Remarks |
4:40 | Networking Drinks |
AWARDS WINNERS
Risk Company of the Year
Winner and Finalists
- AIA Australia
- WINNER: OnePath
- Integrity Life
Individual Outside Super Products
Term and TPD
- Zurich – Protection Plus Life & TPD Rider
- WINNER: OnePath – OneCare, Life Cover & TPD Rider
- Integrity Life – Here for You, Life & TPD Rider
Trauma
- Zurich – Trauma Plus
- WINNER: Integrity Life – Here for You, Trauma Plus
- OnePath – OneCare Trauma Premier
Disability Income
- Integrity Life – Here For You, Income Insurance
- MLC Life Insurance – Income Assure Plus
- WINNER: AIA – Priority Protection Income Protection Core Flat 70
Business Overheads
- MLC Life Insurance – Business Expense Platinum
- WINNER: AIA – Priority Protection Business Expense
- OnePath – OneCare Business Expense Cover
Inside Super
Individual Inside Super Term and TPD Rider
- Zurich – Protection Plus Life & TPD
- Integrity Life – Here for You, Life & TPD
- WINNER: OnePath – OneCare Life & TPD
Public Offer Super Funds (Group) Disability Income
- REST – Personal Superannuation (TAL)
- Aware Super – Personal Superannuation (TAL)
- WINNER: UniSuper – Accumulation Personal (TAL)
Public Offer Super Funds (Group) Term and TPD Benefits
- Aware Super – Personal Superannuation (TAL)
- WINNER: UniSuper – Accumulation Personal (TAL)
- Equipsuper – MyFuture Personal (MetLife)
Individual Inside Super Disability Income
- AIA – Priority Protection Income Protection Core Flat 70
- WINNER: Integrity Life – Here For You, Income Insurance
- OnePath – OneCare Income Secure Protection
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