Fri, 1st May 2026

In this week's financial update from Financial Services Online, Australia's strata property market deals with skyrocketing insurance premiums, including factors such as severe weather events, increased construction costs, combustible cladding issues, and less competition among insurers. Strategies suggested include sourcing multiple insurance quotes and tapping into the Cyclone Reinsurance Pool. The Australian commercial insurance sector enjoys a 12% rate drop in Q1 due to competition, while large-scale green energy projects forecast lower insurance premiums by 2026. The travel insurance industry sees a strategic partnership between Cover-More and Aon, marking a trend towards digitalisation and comprehensive coverage. These stories underscore the importance of staying informed and proactive in managing financial decisions.n