Thu, 29th Jan 2026

In this week's "Weekly Insurance News Wrap," we discuss key stories impacting the insurance industry. We delve into a concerning trend of 14% of Australians travelling uninsured abroad, emphasizing on travel insurance's importance. We also reveal findings indicating Australian insurers not matching their global peers in cybersecurity and AI readiness - an area requiring urgent attention, especially in the real estate sector. The episode also explores climate change's impact on insurance premiums, with escalating hailstorms driving up home insurance costs, mainly in the Melbourne-Sydney-Brisbane corridor. Amidst these concerns, the Australian insurance sector reported a significant $6.1 billion profit for 2024. However, the hike in home and car insurance premiums poses challenges to consumers and property owners. Stay tuned for strategic insights and advice for tackling these issues.