Insurance News Wrap

In this week's Financial Services Online podcast, Paige Estritori discusses notable trends in the global insurance industry. She focuses on the decline in commercial and property insurance rates in Australia, which she attributes to increased competition from international insurers. However, sectors prone to natural disasters may encounter increased costs. Estritori also mentions the upcoming rise...

This podcast summary explores recent changes in the Australian insurance industry. On April 1st, Australians will see a 4.41% increase in their private health insurance premiums, the highest since 2017, due to a 5% rise in medical and hospital service costs. This initiative aims to support private hospitals with increased operational costs. The insurance industry also faces the ongoing challenges...

On this week's episode of Weekly Insurance News Wrap, we discuss significant developments in Australia's insurance world. CHU, Australia's leading strata insurance agency, has made major strides by doubling their insurance capacity for strata properties up to $690 million. Alongside this, they've expanded their product range to include tailored landlord insurance and home and content cover, offeri...

The podcast from Financial Services Online by Paige Estritori offers a weekly update on top insurance stories from Australia. This episode discusses the new strata reforms in New South Wales aimed at enhancing maintenance and safety in apartment buildings, and the increased authority for NSW Fair Trading. The show notes CHU, a leading strata insurance underwriter, has seen negligible premium incre...

In this week's Financial Services Online podcast, Paige Estritori discusses major trends in Australia's insurance market. CHU, a leading strata insurance underwriting agency, significantly increased its underwriting capacity to $690 million to better cover larger strata risks and has released an indicative pricing tool for brokers. Average home insurance premiums have risen by 16%, with companies...

In this week's episode of the Financial Services Online podcast, Paige Estritori discusses the challenges and developments in Australia's insurance industry in 2026. Rising premiums, intensified cybersecurity risks, inflation, climate-related claims and new regulations have significantly influenced the industry. However, AI and machine learning are enhancing underwriting and claims management, whi...

In this week's Financial Services Online podcast, host Paige Estritori discusses the partnership between CGU, WFI Insurance, and Ag Guard aiming to revolutionize Australia's agricultural insurance sector with technology-driven services. She also touches on the Insurance Council of Australia's decisions, declaring two Significant Events in response to recent severe flooding, and proposals for a $30...

This week's edition of Insurance News Wrap discusses the challenges facing Australia's insurance sector, including higher premium costs and changes in coverage due to escalating climate-related losses. As a response, insurers are reevaluating coverage limits and enhancing risk assessments with advanced analytics. Cybersecurity is also a growing focus for the industry, with data breaches affecting...

In this episode of Financial Services Online's weekly insurance news wrap, host Paige Estritori covered key headlines of the month. She discussed CHU's State of the Strata Market Report for 2025 that revealed a slight growth in strata insurance premiums, despite climate challenges such as Tropical Cyclone Zelia and widespread flooding, highlighting effective risk management strategies. She also to...

This week's episode from Financial Services Online, hosted by Paige Estritori, discusses major updates in Australia's insurance sector. Highlights include CHU's enhanced residential strata insurance policy, offering added features for property owners, such as Lot Owner Contents Insurance and standard Office Bearers Liability cover. The updates follow CHU's 2025 State of the Strata Market report wh...

In this week's Insurance News Wrap, Paige Estritori highlights CHU's State of the Strata Market report, demonstrating stability with a 2.8 percent growth in insurance premiums and effective risk management amid severe weather events. The report also emphasises the emerging threat of lithium-ion battery fires and discusses necessary adaptations. In the fitness space, AIA Australia's new partnership...

In this week's Insurance News Wrap, key stories include Isuzu Australia's partnership with Tokyo Century Corporation leading to the creation of Isuzu Financial Services Australia (IFSA). IFSA plans to offer innovative financing and leasing solutions to commercial vehicle operators by Q3 2027. In property insurance, despite challenges from Tropical Cyclone Zelia and flooding, CHU's strata insurance...

In the Weekly Insurance News Wrap by Financial Services Online, CHU Australia's report reveals a 2.8% rise in strata insurance despite major climatic events, highlighting effective risk management measures and reform drives in New South Wales and Western Australia. AIA Australia partners with Peloton and Specialized to promote fitness among Vitality members, offering significant discounts on bicyc...

This week's episode with Paige Estritori on the Financial Services Online podcast covers key developments in the insurance sector. Featured are AIA Australia's partnership with Peloton and Specialized to encourage fitness among members, which in return offers lowered insurance premiums, and Quipex's launch of a digital logbook aimed at streamlining building maintenance and insurance. Also notable...

This week's Insurance News Wrap by Financial Services Online, discussed AIA Australia's new initiative that encourages physical fitness amongst its members by offering discounts on Peloton and Specialized cycling products. The products not only support at-home and outdoor workouts, but also lead to reduced insurance premiums. The insurance sector also witnessed Quipex's innovative digital logbook...

In this week's Financial Services Online's Insurance News Wrap, transformative developments within the insurance, construction, and automotive industries were discussed. Quipex introduced an AI-driven digital logbook that captures a building's lifecycle data, offering projections of potential risks and recommendations to shake up building maintenance and insurance sectors. Isuzu Australia and Toky...

In this episode of the Weekly Insurance News Wrap, Paige Estritori delves into current developments within Australia's insurance sector. First, she discusses the joint venture between Isuzu Australia and Tokyo Century Corporation to launch Isuzu Financial Services, designed to facilitate vehicle procurement and maintenance affordability for Australian commercial vehicle operators. Next, the Austra...

In this episode of the Weekly Insurance News Wrap, Financial Services Online highlights major developments in the Australian insurance market. The Strata Community Association NSW plans policy adjustments for 2026 to phase out insurance commissions from management contracts. Meanwhile, the Insurance Council of Australia urges for strata law reforms in Victoria due to increasing insurance costs and...

In this edition of the Weekly Insurance News Wrap, Paige Estritori discusses key developments in the Australian insurance industry. A significant change comes from the Strata Community Association New South Wales (SCA NSW), planning to remove insurance commissions from their management contracts by 2026, provoking mixed reactions from industry stakeholders and property owners. Private health insur...

In this episode of the Weekly Insurance News Wrap, host Paige Estritori discusses a variety of operational changes in Australia's insurance industry. The Strata Community Association aims to phase out insurance commissions by January 2026, and transition to a fee-for-service model instead. While this change brings about concerns of profitability, it is in line with consumer expectations and indust...

In the latest Weekly Insurance News Wrap, Paige Estritori discusses key developments in the insurance sector. The Strata Community Association of New South Wales is phasing out insurance commissions from 2026 to align with industry norms. There are concerns about the impact on profitability within the industry. The Australian Trucking Association opposes the Productivity Commission's plan to doubl...

This episode of Financial Services Online's Weekly Insurance News Wrap with Paige Estritori covers crucial industry updates from the week. Topics include the Strata Community Association of New South Wales' shift to a fee-for-service model, and division over commission removal within strata management. The podcast moves forward discussing potential impacts of a proposed fuel tax increase by the Pr...

In this week's Financial Services Online Insurance News Wrap, the Australian Trucking Association opposes the proposed phasing out of fuel tax credits, which may cause a significant rise in fuel taxes and increase prices for goods, affecting particularly small trucking companies and rural exporters. In another story, the catastrophes data provider PERILS reports a revised loss estimate of AU$2.95...

On this week's Weekly Insurance News Wrap, the Australian Trucking Association expressed concerns over Productivity Commission's proposal to increase fuel taxes for trucks, cautioning it may elevate goods prices for consumers. Catastrophe data provider PERILS revised storm loss estimates in Queensland and New South Wales upwards, highlighting the importance of comprehensive insurance cover amid an...

In this episode of the Weekly Insurance News Wrap, Paige Estritori reports on the Australian Trucking Association's opposition to the proposed doubling of the truck fuel tax by the Productivity Commission. Such changes could significantly impact consumers, rural exporters, and small trucking firms. Meanwhile, a worrying weather update could affect the insurance industry with PERILS' adjusted insur...