In this episode of Financial Services Online's Weekly Insurance News Wrap, we discuss key stories affecting the Australian insurance sector. We examine Flex's innovative response to insuring high-risk strata properties with the launch of Flex Complex. This is backed by Lloyd's capacity, addressing properties typically shunned by insurers. Also, the episode explores two primary challenges hitting the industry in 2026 - increasing premium costs and rising cyber threats. We highlight how a rise in claim costs, climate change-related losses, and tech-fuelled fraud have spotlighted premium affordability. Despite this, the bright side of AI is seen through its role in enhancing healthcare delivery, especially in rural regions. We encourage businesses to remain informed about policy changes, consider cyber liability coverage, and bolster their online defense mechanisms.n