Wed, 28th Jan 2026

In this week's insurance news wrap-up, Paige Estritori of Financial Services Online discusses major developments impacting the industry. CHU's 2025 State of the Strata Market report reveals a modest 2.8% increase in strata premiums despite climate challenges, while the Insurance Council of Australia underscores the need for better governance to address rising costs in Victoria. The industry's focus has turned toward emerging risks such as building defects and lithium-ion battery fires. Also, the adoption of artificial intelligence is a pressing concern for businesses, with Allianz highlighting the need for training and proper governance. Lastly, the Australian Securities and Investments Commission is ramping up its enforcement agenda for the insurance sector, especially in relation to claims failures and misleading pricing tactics.n