Tue, 10th Mar 2026

In this episode of the Weekly Insurance News Wrap, Paige Estritori delves into current developments within Australia's insurance sector. First, she discusses the joint venture between Isuzu Australia and Tokyo Century Corporation to launch Isuzu Financial Services, designed to facilitate vehicle procurement and maintenance affordability for Australian commercial vehicle operators. Next, the Australian general insurance industry's record-breaking performance last financial year is examined, highlighting a 19% return on equity driven by fewer natural disaster claims and strong global trends. However, Paige raises concerns about the sector's challenge to balance profitability and affordability for consumers. Notably, she reviews the Insurance Australia Group's 91% net profit boost due to reduced disaster claims, alongside growing concerns about climate change affecting insurance premiums. Finally, the implications of climate change on home insurance costs are discussed, emphasizing homeowners' needs to stay informed, improve resilience, and adjust insurance strategies.