Fri, 28th Nov 2025 - Insurance News Wrap

What this episode covers

In this week's Insurance News Wrap, Financial Services Online discusses key industry updates in the Australian insurance market. The CHU highlights a 2.8% uptick in strata insurance premiums in their new report, contrasting the 14% surge in standalone house insurance due to climate risks. Other issues like building defects and lithium-ion battery fires are also discussed. The Insurance Australia Group forecasts a 10% increase in their gross written premium for FY 2026, fueled by a successful FY 2025 and potential strategic acquisitions like RACQ's general insurance business. In other news, Chubb is now obligated to cover 30% of the loss in a revised ruling of a beauty therapist's water damage case, resulting from the intervention by the Australian Financial Complaints Authority. Lastly, ASIC aims to strengthen safeguards in dealing with insurance pricing, claims handling, and complaint processes.n

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When was this Insurance News Wrap episode published?

This episode was published on November 27, 2025.

What is this episode about?

In this week's Insurance News Wrap, Financial Services Online discusses key industry updates in the Australian insurance market. The CHU highlights a 2.8% uptick in strata insurance premiums in their new report, contrasting the 14% surge in...

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