Welcome to the Insurance Online News podcast with your host, Paige Estritori, where we deliver the latest and most significant news from the world of insurance in Australia. Our dedicated team works tirelessly to bring you the freshest updates, focusing on the stories that matter the most to both Australian businesses and individual consumers over the past week.
Through meticulous research, we transform these developments into original content that not only keeps you informed but also offers deep insights into the insurance landscape as it stands today. Our podcast distills these crucial updates into a format that's both succinct and captivating. For professionals within the insurance realm or personal consumers keen on keeping up with insurance trends, look no further. Paige Estritori brings you all the essential information daily, making our podcast the ultimate destination for trustworthy and impactful insurance news.
This Week:
This week on Insurance Online News, Paige covers rising cyber risks with experts warning of more breaches and costly scams, and why small businesses and households should review cyber and identity theft cover. She then looks at holiday travel disruptions—from major European rail cancellations to an Australian cruise grounding—and how travel insurance for delays, missed connections, and cruise activities can help. Finally, she explains how 2026 economic uncertainty and potential RBA rate moves affect rebuild costs and sums insured, urging quick policy reviews to avoid underinsurance. Compare options and get broker help at insuranceonline.com.au.
Hello and welcome to Insurance Online News with me, Paige Estritori, for Thursday, January 1, 2026.
First up, cyber risks are in the spotlight. Australias privacy regulator, the OAIC, says reported data breaches topped the five-hundred mark in the first half of last year and signs point to even more in the second half. Experts warn ransom demands and business email compromise remain costly for households and small businesses. If you run a business, check your cyber cover includes incident response and business interruption. For families, consider identity theft and online fraud benefits as part of your home or standalone policies. You can compare options quickly and get broker help through Insurance Online.
Meanwhile, holiday travel has been bumpy. Major rail cancellations in Europe left passengers stranded this week, and an Australian expedition cruise ran aground in Papua New Guinea with travellers flown home. Its a reminder that travel plans can unravel fast. Before you go, compare policies for delays, missed connections, and supplier issues, and make sure adventure or cruise activities are covered. Keep receipts and lodge claims as soon as its safe to do so.
Looking ahead, economists say 2026 could bring more interest rate uncertainty from the RBA, the Reserve Bank of Australia, plus ongoing price pressures. That matters for insurance because rebuild and repair costs feed directly into sums insured. Take an hour this week to update your home, contents and motor values, and for business owners, review stock, equipment and interruption limits. Comparing cover can help you avoid underinsurance while keeping costs in check.
Thats it for today. For free, fast quotes and friendly broker support nationwide, head to insuranceonline.com.au. Im Paige Estritori—thanks for listening, and Ill catch you next week.
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
Follow us!
We are a proud member of the Financial Services Online network!
Connect with us on your favourite social media platform for the latest financial news, views, tips, tricks, resources and information.
Maintaining your jet ski is an essential task that goes beyond keeping it looking great; it's about ensuring its longevity and, most importantly, your safety on the water. Every enthusiast knows that the thrill of cutting through the waves comes with the responsibility of regular upkeep. Neglecting maintenance can lead to breakdowns, or worse, hazardous situations at sea that could have been easily avoided. - read more
The thrill of slicing through the waves on a Jet Ski holds a special allure for many Aussies. But as any seasoned rider will tell you, the key to uninterrupted fun on the water lies in consistent maintenance. Not only does this ensure your Jet Ski remains in peak condition, but it also extends its life, enhances safety, and can save you a bundle on potential repairs. - read more
Owning a jet ski is exciting and offers countless hours of fun on the water. However, with the thrill comes the responsibility of ensuring your jet ski is protected. This is where having the right jet ski insurance becomes crucial. - read more
Having the right jet ski insurance is crucial for any Australian jet ski owner. It's not just about complying with legal requirements but also ensuring peace of mind when you're out enjoying the water. - read more
Jet skiing is rapidly becoming one of Australia's favourite pastimes, offering adrenaline-pumping fun in the sun for adventure enthusiasts across the nation. With our beautiful coastlines and an abundance of waterways, it's no wonder more Aussies are taking to the waves on these powerful machines. Jet skis present a unique blend of excitement and freedom, making them a sought-after choice for individuals looking to make the most of the Australian lifestyle. - read more
CHU, Australia's leading strata insurance underwriting agency, has announced the launch of a new residential strata insurance policy designed to better support property owners and strata communities. This initiative reflects CHU's commitment to delivering customer-focused solutions that simplify insurance processes and enhance community resilience. - read more
Sure Insurance has announced a significant expansion of its residential strata insurance coverage, increasing the replacement value limit from $5 million to $20 million. This strategic move is designed to address the affordability crisis and improve access to insurance for apartment complexes in Northern and Regional Queensland. - read more
The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, citing a direct link between inadequate governance and escalating insurance premiums for residents. With approximately one in five Victorians living in strata-titled properties, the need for effective management and oversight has become increasingly critical. - read more
Recent findings from the PwC Insurance Banana Skins Survey reveal that Australian insurers are falling behind their global counterparts in terms of risk preparedness. This lag is particularly concerning as the industry faces escalating challenges from cyber threats and the rapid advancement of artificial intelligence (AI). - read more
In 2024, Australia's insurance industry reported an after-tax profit of $6.1 billion, a figure that triples the five-year average of $2 billion. This substantial increase is attributed to significant premium hikes and a year characterized by fewer severe weather events. - read more
Moral Hazard: The concept that individuals may take on more risk when they do not bear the full consequences of that risk, often relevant in insurance scenarios.