Actuarial careers
Industry topics
Upcoming events
Virtual and In-person at
Actuaries Institute Events Space
Level 7, Australia Square, 264 George Street, Sydney, NSW 2000, Australia
4 CPD Points (In-Person Registration attendance)
2 CPD Points (Virtual Registration attendance)
Apr 28 2026 12:00PM - Apr 28 2026 2:00PM
AEST
A vibrant life industry is to the benefit of all Australians. In addition to the protection provided against insured risks, it promotes economic growth and efficiency by channelling premium income into long‑term investments. Life insurers contribute to financial‑market stability through steady, diversified investment activity that helps smooth economic cycles. In addition, by providing income protection, retirement support, and survivor benefits, the industry reduces pressure on government programs and other public welfare systems.
The Australian life industry has gone through challenges in the past decade. Real new premium and market penetration has slowed particularly with younger Australians. This structural decline is most pronounced in the retail (advised) life insurance market. APRA in 2024 noted that new retail business sales dropped more than 50 per cent in five years, and for every new retail policy coming into force, approximately three are lapsing. Part of this was attributed to the 43 per cent reduction of advisers over the last five years, which limited distribution capacity for retail products. Standing by and waiting will not allow the present challenging situation to resolve itself.
The Carpe Diem Working Group (CDWG), an initiative of the Life Insurance Practice Committee, has been established to analytically investigate the financial sustainability of Australia’s life insurance industry currently focusing on the Retail Insurance sector. The CDWG plans to define what a healthy market and successful insurers look like in 2026 and beyond, focusing on the economic forces that shape demand and supply. It plans to identify the structural and market design changes needed for the industry to thrive, ultimately seeking calls to action that will drive a meaningful and long-term impact.
In this session, members of the CDWG will present their working view and seek feedback from Exchange participants.
By registering for the this event, you acknowledge and accept the Event Registration Terms and Conditions .
In-person Member Registration: $0.00
Virtual Member Registration: $0.00
Free for members, attend Insight sessions across various practice areas to upskill on cutting-edge technical knowledge and profession updates.
