In this episode of the Weekly Insurance News Wrap, Paige Estritori discusses key trends in Australia's insurance landscape, focusing in particular on strata, construction insurance, and industry reforms. CHU, a leading strata insurance underwriting agency, significantly increased its insurance capacity from $300 million to $690 million to accommodate growing strata developments. The Insurance Council of Australia advocates for reforms in Victoria's strata laws amid rising premiums linked to poor governance and construction defects. Despite a trend of rising costs, construction insurance premiums declined as competition intensified in 2025. The construction sector is grappling with rising costs due to supply chain disruptions, inflation, and labour shortages. Improved strategies and collaboration with insurers offer hope for mitigating risks and maintaining project viability. Stay informed with these industry trends at Financial Services Online.

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