Mon, 12th Jan 2026

This week's podcast from Financial Services Online presents updates from the Australian insurance sector. CHU, a leading strata insurance underwriting agency, has enhanced its residential strata insurance policy, introducing options such as Lot Owner Contents Insurance and including Office Bearers Liability standardly. Sure Insurance increased its residential strata insurance coverage amid an ongoing affordability crisis, raising the replacement value limit from $5 million to $20 million. The Insurance Council of Australia calls for reforms in Victoria's strata laws to manage rising insurance costs. It has proposed measures to improve transparency, accountability, and risk management. On a global forefront, Australian insurers lag behind in risk preparedness against challenges such as cyber threats and advancements in AI, according to a recent survey, necessitating investments in workforce training and technology upgrades.n