This episode of the Weekly Insurance News Wrap from Financial Services Online, hosted by Paige Estritori, discusses key developments in the Australian insurance industry. The Australian Securities and Investments Commission calls for a revamp in insurance and financial products distribution after a review found potential compliance issues. There's also support for a federal government ban on the use of genetic test outcomes in underwriting life insurance, viewed as a move against genetic discrimination. The episode highlights the rising home insurance premiums, largely the result of climate change risks, affecting 1.6 million families. Finally, Swiss Re experienced substantial net income growth in the first half of twenty-twenty-four, marking a significant rise from last year.

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