Sun, 22nd Mar 2026

In this week's Financial Services Online podcast, Paige Estritori discusses major trends in Australia's insurance market. CHU, a leading strata insurance underwriting agency, significantly increased its underwriting capacity to $690 million to better cover larger strata risks and has released an indicative pricing tool for brokers. Average home insurance premiums have risen by 16%, with companies like Kogan, RAC, and Honey experiencing increases over 30%, attributed to inflation, increased claims costs, and weather conditions. Australia's Prudential Regulation Authority reports general insurance revenue at $20.1 billion despite challenges, while major changes are seen in life and health insurance sectors. Private health insurance premiums are also set to undergo a 4.41% increase from April 1, 2026. Paige emphasizes the need for homeowners and citizens to regularly review and compare their insurance options amidst these developments.n