In this episode, Paige Estritori discusses significant trends in the Australian insurance industry including a surge in mental health-related Total and Permanent Disability (TPD) claims, representing one third of total claims and a 700% increase in the past decade for Australians in their 30s. The Australian Super fund faces scrutiny over slow processing speeds for insurance claims potentially leading to financial distress for members. In terms of legislation, the Australian government now prohibits life insurers from using genetic test results in policy decisions, encouraging health testing without insurance fears. Maritime Mutual, a New Zealand-based insurer, is under investigation for supposedly insuring sanctioned Iranian and Russian oil, raising compliance concerns in the marine insurance industry. Stay updated on these and other developments in the insurance world and review policies diligently. For more insights, visit financialservicesonline.com.au.

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