Fri, 1st May 2026

In this episode of the weekly insurance news wrap, we discuss the key updates in the Australian insurance industry. Strata property owners are facing a significant rise in insurance premiums due to factors like severe weather events, inflating construction costs and dwindling competition. To manage these expenses, we suggest gathering multiple quotes, addressing any cladding issues and utilizing resources such as the Cyclone Reinsurance Pool. Commercial insurance rates, on the other hand, have decreased this quarter, with property and casualty insurance seeing significant reductions, providing an opportunity for entrepreneurs and small businesses to optimize their insurance portfolios. In green news, premiums for large-scale solar, wind, and battery projects are anticipated to decline due to maturation of the sector and improved risk assessments. Lastly, we cover an exciting collaboration between Cover-More and Aon, aimed at wider access to travel insurance. This episode is filled with valuable information for businesses, travelers, and property owners alike.n