Home insurance

Globally, home insurance is seen to reach a CAGR of 7.3%.

Half of Aussies said they planned for 4-day vacations, leaving homes vulnerable.

Surge in claims led to an average home insurance premium increase of at least 14%.

The market is projected to reach over 7% CAGR.

The product is backed by six insurers.

Affordability stress has surged by 30% over the past year.

This aims to help homeowners with their needs.

Alarmingly, 3% downgraded or dropped their policy completely.

The market witnessed a dramatic increase in average retentions on property reinsurance programmes.

It bundles home insurance with fibre broadband service, network security and a smart home kit.