Sun, 8th Mar 2026

In this edition of the Weekly Insurance News Wrap, Paige Estritori discusses key developments in the Australian insurance industry. A significant change comes from the Strata Community Association New South Wales (SCA NSW), planning to remove insurance commissions from their management contracts by 2026, provoking mixed reactions from industry stakeholders and property owners. Private health insurance premiums are set to rise by an average of 4.41% due to increased medical costs. This coincides with an ongoing trend of policyholders paying higher premiums for less comprehensive coverage, prompting calls for regulatory reforms. On a positive note, private health insurers have refunded nearly $4.8 billion to customers due to lowered health service usage during COVID-19 lockdowns. The episode encourages policyholders to stay vigilant and proactive, verifying possible refunds and monitoring premium changes.