Sat, 25th Apr 2026

In this episode of Financial Services Online, host Paige Estritori discusses a new Australian law banning the use of genetic test results in life insurance underwriting in a bid to eliminate genetic discrimination. Revised risk assessment methodologies in the life insurance sector are expected as the law comes into effect on October 8th. The podcast further discusses a proposal for urgent reforms by the Insurance Council of Australia, aiming to make public liability insurance premiums more affordable for small businesses. The sector of non-life insurance reported robust growth with a total revenue of AUD 77.7 billion for the fiscal year ending June 2025. However, Swiss Re Life & Health Australia has suspended all new life insurance operations over concerns of sustainability, amidst increasing mental health-related claims.n