Fri, 6th Feb 2026

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Fri, 6th Feb 2026" was published on February 5, 2026.

February 5, 2026 · Insurance News Wrap

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Summary

In this podcast episode, Paige Estritori from Financial Services Online presents an overview of recent events in Australia's insurance sector. The Australian Financial Complaints Authority reports a spike in general insurance complaints, rising by 17% due primarily to issues with add-on covers and delayed motor vehicle claims. Meanwhile, the professional indemnity insurance sector remains steady, despite a 6% decrease in gross premiums. The podcast spotlights Upcover, a Sydney insurtech company launching specialized insurance solutions for nurses with flexible payments and high coverage limits. Finally, concerns are raised over increasing strata insurance costs in the Northern Territory, undermining the federal cyclone reinsurance pool's aim to keep costs manageable. Solutions such as pool funding reform and market transparency are being considered. Tune in for a comprehensive weekly wrap of Insurance News.

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