Personalised Genetic Testing and its Impact on Insurance

Over recent years there has been significant growth in our ability to test for genetic conditions accompanied by exponential falls in the cost of genetic testing.

The implications for modern medical practice are substantial, and the insurance industry is supportive of the many advantages genetic testing has to offer in the prevention, diagnosis and treatment of disease. Nonetheless, there is concern that policy holders may not always share risk-relevant genetic information, thereby increasing insurer’s exposure to adverse-selection.