Insurance News Wrap

Sun, 22nd Feb 2026


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In this week's Financial Services Online podcast, Paige Estritori discusses notable developments in the Australian insurance industry. Beginning with the 4.41% rise in private health insurance premiums from April 1, 2026, concerns of insufficient funding for patient care and increasing cost of medical and hospital services are highlighted. Australia's insurance companies face criticism for their steep premium rises and lack of clarity in prices. The construction industry's increased attention to latent defects insurance, specifically in New South Wales, before a potential 2028 mandate was discussed. Lastly, broadening truck insurance coverage because of high multi-vehicle accident rates is explored, with Insuregroup experiencing a 25% growth in policy processing. The podcast emphasizes the evolving nature of the insurance industry and the importance of understanding these changes.
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Insurance News WrapBy Paige Estritori