Sun, 22nd Mar 2026

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sun, 22nd Mar 2026" was published on March 21, 2026.

March 21, 2026 · Insurance News Wrap

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Summary

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

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