Wed, 28th Jan 2026

In this episode of the Daily Financial Services News Wrap, updates on Australia's financial services sector are covered. CHU, Australia's leading strata insurance agency, has kept insurance premiums stable despite increased climate risks and regulatory changes. Insurance Council of Australia is endorsing significant reforms to Victoria's strata laws, pushing for more transparency and strict maintenance enforcement. Artificial Intelligence (AI) has emerged as the top risk concern for Australian business executives, according to an Allianz report. The study underlines the need for more robust AI governance and contingency plans. Lastly, the Australian Securities and Investments Commission (ASIC) reveals its 2026 enforcement targets focussing on insurance claim failures, complaints handling, and dishonest pricing tactics. Measures to tackle emerging risks in the financial sector have been underscored.n