Sat, 2nd May 2026

In this episode of Weekly Insurance News Wrap, host Paige Estritori discusses several key topics: the need for increased AI risk oversight in Australia's insurance sector, the sharp rise in strata property insurance due to weather events, construction costs, and water damage claims, the decline in commercial insurance rates due to increased market competition, and expected reductions in premiums for large-scale renewable energy projects. APRA emphasizes governance around AI risks for insurers in its recent review. However, premiums for strata property owners have surged, while the commercial and renewable energy sectors see an insurance cost dip. The solution for stakeholders across the board, Estritori advises, rests in proactive risk management and informed decision-making.n