Tue, 28th Apr 2026

On this week's Weekly Insurance News Wrap, important developments in the Australian insurance landscape are discussed. The Australian Parliament has passed an act banning the use of genetic test results in life insurance underwriting, aiming to address genetic discrimination concerns. The Insurance Council of Australia is advocating urgent reforms to combat rising cost pressures on small businesses, mainly due to increased public liability insurance premiums. Proposals include a national review of liability laws and capping legal costs. Meanwhile, Australia's non-life insurance sector shows strong growth even in challenging circumstances. Swiss Re Life & Health Australia has ceased new life insurance operations due to sustainability issues with their Total Permanent Disability insurance products, underscoring the urgent need for renewal in the life insurance industry.n