Wed, 10th Dec 2025

In this episode of the Daily Financial Services News Wrap, host Paige Estritori highlights significant developments in the Australian SMEs and insurance sector. The Reserve Bank of Australia has reduced the official cash rate to 3.60%, making borrowing cheaper and enabling businesses to expand and stabilize financially. The insurance sector is seeing regulatory initiatives for strata property owners in North and Central Queensland, including the Cyclone Reinsurance Pool update and the Strata Resilience Program. These initiatives aim to lower insurance premiums and provide grants for cyclone mitigation costs. The strata properties sector has grown to $1.4 trillion, emphasizing the need for effective management and awareness of trends and regulatory changes. Despite climate risks, insurance premiums for strata properties have remained stable. Future focus will be on affordability, climate resilience, and compliance with upcoming reforms in 2026.