Tue, 17th Feb 2026

In this edition of the Daily Financial Services News Wrap by Paige Estritori, she discusses Insurance Australia Group's robust growth, with a 4.3% increase in gross written premiums and net profit rise to a significant $1.36 billion for the fiscal year of 2025. The company predicts a promising future with an estimate of 10% growth in gross written premiums. In other news, strata underwriting agency CHU updated their residential strata insurance policies in an effort to improve protection for strata residents. In regulatory news, New South Wales reinforced requirements for strata property maintenance, allowing NSW Fair Trading to issue notices to corporations neglecting common property upkeep. CEO Nick Hawkins warns business owners to anticipate continual insurance premium rises and emphasizes the impact of climate change on the insurance industry.n