Professional Indemnity Insurance Online :: News
SHARE

Share this news item!

Insights from CHU's 2025 Strata Market Report

Understanding the Latest Trends in Strata Insurance

Insights from CHU's 2025 Strata Market Report?w=400

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.

CHU, Australia's leading strata insurance underwriting agency, has unveiled its 2025 State of the Strata Market report, offering a comprehensive analysis of the current landscape and future outlook for the strata industry.
This report is particularly relevant for property owners and investors seeking to navigate the evolving strata insurance environment.

One of the standout findings is the modest 2.8% increase in strata insurance premiums over the past year, rising from $954 to $981 per lot annually. This increment is notably lower than the 14% surge observed in house insurance premiums during the same period. Such stability underscores the resilience of the strata insurance sector amidst broader economic pressures.

The report also delves into the impact of climate-related events on strata properties. In 2025, Australia faced a series of significant weather events, including Tropical Cyclone Zelia and widespread flooding across multiple states. These incidents have intensified the focus on climate resilience within the strata community. Encouragingly, a review of the Australian Reinsurance Pool Corporation's Cyclone Pool confirmed that premiums for strata properties would remain unchanged, indicating adequate pricing structures to manage such risks.

Regulatory reforms are another focal point of the report. States like New South Wales have introduced stricter accountability measures for strata managers, encompassing standardized maintenance planning and enhanced conflict disclosure. Western Australia is progressing towards the professionalization of strata management, proposing Certificate IV qualifications and clearly defined role structures. These reforms aim to elevate the standards and transparency within the strata sector.

Building safety and risk management are also addressed, with particular attention to issues like building defects and the emerging concern of lithium-ion battery fires. For instance, Western Australia reported 94 lithium battery fires by August 2025, prompting regulators to issue new safety guidelines and strata managers to implement formal battery management policies.

Looking ahead, the report anticipates that affordability, climate resilience, and regulatory compliance will remain central themes for the strata industry. With major reforms on the horizon and ongoing assessments of risk management strategies, stakeholders are encouraged to stay informed and proactive in adapting to these evolving dynamics.

For a detailed exploration of these insights and more, the full CHU 2025 State of the Strata Market report is available for download.

Published:Friday, 13th Mar 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

Navigating Rising Premiums in Australia's Insurance Sector
Navigating Rising Premiums in Australia's Insurance Sector
13 Mar 2026: Paige Estritori
In 2026, Australian insurers are grappling with significant challenges that are influencing premium costs and coverage availability. A recent survey by Gallagher Bassett highlights that premium affordability and insurability have emerged as the foremost concerns for the industry. This shift is largely attributed to escalating climate-related losses and evolving regulatory demands. - read more
Addressing Cybersecurity Threats in Australia's Insurance Industry
Addressing Cybersecurity Threats in Australia's Insurance Industry
13 Mar 2026: Paige Estritori
In 2026, the Australian insurance sector is increasingly prioritizing cybersecurity, recognizing it as a critical challenge in the digital age. According to Gallagher Bassett's latest industry survey, cyber and data security concerns have maintained their position as the second most significant issue for insurers, underscoring the persistent threat posed by digital vulnerabilities. - read more
The Future of Insurtech in Australia: A $4.2 Billion Market by 2034
The Future of Insurtech in Australia: A $4.2 Billion Market by 2034
13 Mar 2026: Paige Estritori
The Australian insurtech sector is on a trajectory of remarkable growth, with projections indicating a surge from $377 million in 2025 to an impressive $4.2 billion by 2034. This anticipated expansion, representing a compound annual growth rate (CAGR) of 30.68%, underscores the transformative impact of digital innovation on the insurance landscape. - read more
BizCover and Zurich Collaborate to Enhance Professional Indemnity Insurance for Australian SMEs
BizCover and Zurich Collaborate to Enhance Professional Indemnity Insurance for Australian SMEs
13 Mar 2026: Paige Estritori
In a significant development for Australian small and medium-sized enterprises (SMEs), BizCover has announced the addition of Zurich's Professional Indemnity (PI) insurance product to its online platform, effective from 3 March 2026. This collaboration aims to provide SMEs with enhanced access to comprehensive PI coverage, addressing a critical need in the business community. - read more
Markel Unveils Tailored Professional Indemnity Insurance for Australian Market
Markel Unveils Tailored Professional Indemnity Insurance for Australian Market
13 Mar 2026: Paige Estritori
In a significant development for the Australian insurance market, Markel, a US-based specialty insurer, has launched professional indemnity (PI) insurance products tailored specifically for Australian businesses. This strategic move comes in response to a notable reduction in PI insurance capacity over recent years, leaving many professionals seeking reliable coverage options. - read more


Professional Indemnity Insurance Articles

Understanding Risk Management: A Guide for Australian Professionals
Understanding Risk Management: A Guide for Australian Professionals
Risk management is a crucial concept that involves identifying, assessing, and prioritizing risks with the aim of minimizing their impact. For professionals, understanding and effectively managing risks can make the difference between stagnant growth and thriving success. But why is it particularly significant for those in Australia? - read more
Why Professional Indemnity Insurance is Vital for Protecting Your Reputation as a Consultant
Why Professional Indemnity Insurance is Vital for Protecting Your Reputation as a Consultant
As a consultant, safeguarding your professional reputation is crucial. One effective way to do this is through Professional Indemnity Insurance. But what exactly is it? In simple terms, professional indemnity insurance is designed to protect professionals against claims made by clients for professional negligence or breach of duty. It acts as a safety net, covering legal costs and any damages awarded, if a client alleges that you've made a mistake or left them shortchanged by your services. - read more
Common Misconceptions About Professional Indemnity Insurance Debunked
Common Misconceptions About Professional Indemnity Insurance Debunked
Professional indemnity insurance is a type of coverage specifically designed to protect consultants and business professionals from legal claims and financial losses due to errors or omissions in their services. It provides peace of mind for those who offer expert advice or services to clients. - read more
How to Tailor Your Professional Indemnity Insurance for Better Liability Coverage
How to Tailor Your Professional Indemnity Insurance for Better Liability Coverage
Professional indemnity insurance is designed to protect professionals from legal claims made against them due to mistakes or negligence in their work. It acts as a safeguard, covering legal costs and any damages awarded, ensuring that professionals can continue their practice without financial burden. - read more
Top 5 Reasons Australian Professionals Need Tailored Indemnity Insurance
Top 5 Reasons Australian Professionals Need Tailored Indemnity Insurance
In the fast-paced and dynamic landscape of today’s professional world, indemnity insurance has become a cornerstone of financial security for many Australian professionals. This type of insurance provides protection against claims of negligence or breach of duty made by clients or third parties. Without this safeguard, professionals may face substantial legal fees and damages that can significantly impact their financial stability. - read more


Your free professional indemnity insurance quote comparison starts here!
Cover Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Coinsurance:
A percentage of the cost of a covered healthcare service that you pay after you have paid your deductible.