Sat, 21st Sep 2024 - Insurance News Wrap

What this episode covers

In this week's update, the Australian Securities and Investments Commission (ASIC) urges insurance and financial product issuers to revamp their distribution practices due to significant deficiencies found in their systems. Meanwhile, a federal government decision to ban the use of genetic test outcomes in life insurance underwriting has drawn broad support. Concern rises as home insurance premiums have soared by 30% affecting 1.6 million families, driven mainly by climate change impacts. Positive news comes from Swiss Re which reported a net income of $2.1 billion for the first half of 2024 due to reduced natural catastrophe claims and strong investment earnings.n

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When was this Insurance News Wrap episode published?

This episode was published on September 20, 2024.

What is this episode about?

In this week's update, the Australian Securities and Investments Commission (ASIC) urges insurance and financial product issuers to revamp their distribution practices due to significant deficiencies found in their systems. Meanwhile, a federal...

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