Looming legislation prohibits life insurers from using predictive genetic test results to deny or limit insurance cover. Here, we unpack the significance of the new laws, challenges on the horizon, and striking the right balance between safeguarding consumers and maintaining insurance risk management levels.
In this episode of The Lawyers Weekly Show, host Jerome Doraisamy speaks with Clyde & Co partner Jessica Thurtell about the legislation that was passed earlier this year and how they came to be, the implications arising from the laws, the extent to which insurers should be able to access personal information, how key stakeholders feel about the reforms, inherent risks for insurance providers, what it all means for insurance lawyers, best practice for those lawyers moving forward, what the future may hold, and whether future changes are expected to impact the work of insurance practitioners.
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