CHU's 2025 Report Shows Stability in Strata Insurance Premiums
CHU's 2025 Report Shows Stability in Strata Insurance Premiums
0
CHU, Australia's leading strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current state of the industry.
The report indicates that strata insurance premiums have experienced a modest increase of 2.8%, rising from an average of $954 to $981 per lot annually in the year leading up to June 2025.
This increment is notably lower than the 14% surge observed in house insurance premiums during the same period.
CHU attributes this relative stability to the unique risk profiles associated with strata properties compared to standalone houses. Factors such as shared maintenance responsibilities and structural differences contribute to the more controlled premium adjustments in the strata sector.
Despite the challenges posed by recent weather events, including cyclones and widespread flooding, the strata insurance market has demonstrated resilience. The Australian Reinsurance Pool Corporation's (ARPC) September 2025 review confirmed that premiums for strata properties would remain unchanged, affirming the adequacy of current pricing structures.
Regulatory developments have also played a role in shaping the strata insurance landscape. Reviews in New South Wales, Western Australia, and the Australian Capital Territory are introducing new requirements aimed at enhancing transparency, consumer protection, and professional standards within the industry.
For strata property owners, this report offers reassurance that, despite external pressures, the affordability of strata insurance remains intact. It underscores the importance of proactive property management and staying informed about industry trends to ensure continued financial stability and compliance with evolving regulations.
The Insurance Council of Australia (ICA) has recently highlighted the pressing need for legal reforms to alleviate the escalating insurance premiums burdening small businesses across the nation. In a submission to the Parliamentary Joint Committee's inquiry into small business insurance, the ICA outlined several key areas requiring immediate attention. - read more
The Australian Lawyers Alliance (ALA) has recently expressed strong opposition to the Insurance Council of Australia's (ICA) proposal to implement caps on legal fees in liability cases. This proposal is part of the ICA's broader agenda to address the rising insurance premiums affecting small businesses across Australia. - read more
The Insurance Council of Australia (ICA) has recently emphasized the need for improved risk education programs tailored for small and medium-sized enterprises (SMEs). This initiative aims to equip business owners with the knowledge and tools necessary to manage risks effectively and navigate the complexities of the insurance market. - read more
In February 2026, a café and catering business faced significant financial challenges after a storm caused extensive damage, leading to a prolonged closure. The Australian Financial Complaints Authority (AFCA) ruled that the café's underinsurance resulted in reduced claim payouts, highlighting the critical need for businesses to ensure their insurance coverage accurately reflects their risk exposure. - read more
Running a café is a rewarding yet challenging endeavor. With the hospitality industry being fast-paced and ever-changing, café owners often face unique financial challenges. Operating in an industry that is both physically demanding and unpredictable can sometimes lead to unforeseen circumstances that affect the stability and success of your business. - read more
In today's unpredictable world, securing your financial future is more important than ever. Income protection insurance plays a pivotal role for working Australians by providing a safety net in case illness or injury prevents you from earning an income. As an essential part of your overall financial planning, understanding income protection is crucial for peace of mind and stability. - read more
Being prepared when it comes to life insurance claims can make a world of difference. Proper preparation helps you prevent delays and denials, ensuring that your loved ones receive the financial support promised by your policy without unnecessary hold-ups. By paying attention to the details, you can streamline the claims process, giving you and your family peace of mind during what is already a stressful time. - read more
Income protection insurance is designed to offer financial security when you're unable to work due to illness or injury. It provides a steady income, usually up to 75% of your pre-tax earnings, helping you maintain your lifestyle while you focus on recovery. - read more
Start Here !
Apply now for your free Insurance assessment and price comparisons!
All quotes are provided free and without obligation. We respect your
privacy.
Knowledgebase
Occupational Hazard: A risk associated with the nature of a particular occupation, which may affect insurance premiums.
