Sun, 12th Apr 2026

In this week's insurance industry round-up, Paige Estritori discusses the influence of climate change on strata insurance premiums due to intensified risk assessments which have resulted in higher premiums and underinsurance. She explores the need for clearer broker-client communications in policy exclusions, demonstrated by a recent AFCA ruling against a broker who paid hefty compensation for inadequate communication. Notable leadership transitions at AIA Australia aim to strengthen their group insurance and superannuation sector offerings. AIA Australia is also celebrating another win as the ANZIIF awarded it "Life Insurance Company of the Year" for the third year in a row, a testament to their commitment to customer wellbeing and innovative programs.