CHU's 2025 Report Reveals Stability in Strata Insurance Premiums
Modest Premium Increase Maintains Affordability Amid Industry Challenges
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CHU Underwriting Agencies 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, maintaining affordability for apartment owners.
The report also highlights the impact of economic pressures, regulatory reforms, and weather events on the strata industry. It investigates strata affordability, the frequency of weather events, strata regulator reforms, emerging risks, and sustainability. Kimberley Jonsson, CEO of CHU, emphasised that as density increases, so do expectations, presenting an opportunity for the strata sector to set a new standard for urban living across Australia.
Strata owners and managers are encouraged to review the full report to gain insights into the key trends impacting the industry and how they can strengthen their communities now and into the future.
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In a significant move to bolster the resilience of strata communities against cyber threats, CHU Underwriting Agencies has integrated cyber protection into its standard residential strata insurance policies. This enhancement provides coverage of up to $50,000 for losses resulting from social engineering fraud, a form of cybercrime where perpetrators impersonate trusted contacts to manipulate payment instructions. - read more
CHU Underwriting Agencies has introduced an indicative pricing feature designed to provide brokers with immediate, non-binding premium estimates. This innovation aims to improve pricing visibility and reduce delays in the quoting process, enabling brokers to deliver better outcomes for their clients. - read more
CHU Underwriting Agencies 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, maintaining affordability for apartment owners. - read more
The Australian insurance sector is currently confronting significant challenges, with premium affordability emerging as a primary concern. This issue has ascended to the forefront, surpassing other pressing matters such as cyber risks and workforce shortages. The escalation in premiums is largely attributed to a combination of rising inflation, increased climate-related losses, and stringent regulatory pressures. - read more
