Sat, 18th Apr 2026
from Insurance News Wrap Hosted by Paige Estritori
This episode of the Weekly Insurance News Wrap, hosted by Paige Estritori, discusses key news in the Australian life insurance industry. The Life Insurance Code Compliance Committee reveals insurers may not be handling mental health disclosures uniformly and are urged to individualize assessments to avoid disadvantage. Given mental health conditions account for one-third of disability insurance claims, improvements in training and data collection are needed. Other highlights include new legislation barring insurers from considering genetic test results in underwriting to prevent genetic discrimination. An ongoing review of Australias Life Insurance Code of Practice underlines the need for insurers to maintain a transparent process. Finally, the Australian life insurance industry recorded a strong recovery last year despite challenges like rising claims and regulatory adjustments. Increased competition may stimulate better products and premiums moving forward.n
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