Wed, 4th Feb 2026

In this episode, Paige Estritori reports a 91% profit surge for Insurance Australia Group despite CEO, Nick Hawkins urging the industry to brace for moderated but successive insurance premium hikes. Rising inflation on building materials and reinsurance costs are cited as key drivers for the hikes, with emphasis laid on policyholders and businesses developing resilience strategies to manage costs. The Australian hospitality sector is facing significant insurance costs, further impacted by regional disparities in premium rates, as seen between New South Wales and the Australian Capital Territory. Increased scrutiny and criticism from consumer advocacy groups towards insurers like Kogan, RAC, and Honey call for informed advocacy to ensure a fair pricing system, especially for financially vulnerable freelancers. These industry updates encourage businesses to stay informed, regularly review insurance policies, and implement proactive risk management strategies.