The Council of Australian Life Insurers (CALI) has launched ReCALIbrate, a new program to help female financial risk advisers.
The inaugural program will provide $2,000 grants to five mid-career female financial risk advisers who will attend the Financial Advice Association Australia (FAAA) Congress in Adelaide from Nov. 20 to 22.
“CALI believes it is important to play our part to foster the next generation of female financial risk advisers to ensure a strong pipeline of talent and leadership while addressing the decreasing number of financial advisers in Australia. CALI is passionate about finding ways to make life insurance more inclusive so that our industry reflects the community we serve,” said CALI CEO Christine Cupitt.
Nadine Gooderick, board member at CALI and managing director of Clearview Wealth Limited, added: “Risk specialists play an important role in helping people understand their life insurance needs, secure adequate cover, and, at claim time, get benefits paid. Women have traditionally been under-represented in financial services, but that is gradually changing, and we want to do our part to encourage women to pursue a career in risk advice and foster a diverse, inclusive industry.”
As part of the program, each ReCALIbrate recipient will be paired with a senior female life insurance industry leader. They will have two in-person or virtual meetings to encourage the recipients to engage with the industry and ensure they benefit beyond the event. The meetings will provide a forum for mentorship, learning, support, and advice.
“Men outnumber women at industry conferences for many reasons, including juggling family and carer responsibilities with day-to-day work. We want to do more to create opportunities for women in our industry,” Cupitt said.
“We applaud CALI's ReCALIbrate initiative and have a shared desire to encourage engagement among female financial risk advisers and foster the next generation of female talent,” said Sarah Abood, FAAA CEO. “We look forward to welcoming the ReCALIbrate recipients to the FAAA Congress in November.”
