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Insurance News

APRA Enforces Additional Capital Requirement on Sovereign Insurance Australia APRA Enforces Additional Capital Requirement on Sovereign Insurance Australia
07 May 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has recently imposed an additional $2 million capital requirement on Sovereign Insurance Australia Pty Ltd (SIA). This decision stems from identified weaknesses in SIA's risk management framework and operational risk management practices. - read more
R&CA Highlights Rising Costs as Primary Factor in Restaurant Closures R&CA Highlights Rising Costs as Primary Factor in Restaurant Closures
07 May 2026: Paige Estritori

Recent data reveals that cafés, restaurants, and takeaway businesses in Australia are experiencing the highest failure rates across all industries, with a 10.4% closure rate over the past year. This alarming trend has prompted Restaurant & Catering Australia (R&CA) to investigate the underlying causes. - read more
EML Group's Strategic Acquisition of Guild Insurance to Drive Growth and Innovation EML Group's Strategic Acquisition of Guild Insurance to Drive Growth and Innovation
07 May 2026: Paige Estritori

In a significant move within the Australian insurance sector, EML Group has acquired a majority stake in Guild Insurance. This strategic partnership is designed to unlock growth opportunities and accelerate the development of technology and artificial intelligence (AI) within the insurance industry. - read more
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Restaurant Insurance Articles

Navigating the Insurance Landscape: Financial Strategies for Restaurant Owners
Navigating the Insurance Landscape: Financial Strategies for Restaurant Owners
In the bustling world of hospitality, restaurant owners face a unique set of challenges that can impact their financial stability. From unexpected kitchen mishaps to customer accidents, understanding the unique risks in the hospitality industry is crucial. These risks can lead to significant financial burdens if not properly managed. - read more
The Role of Staff Training in Reducing Liability Risks in Your Restaurant
The Role of Staff Training in Reducing Liability Risks in Your Restaurant
Running a restaurant involves navigating a myriad of potential liabilities. From food safety issues to customer injuries on premises, the risks are numerous. In recent years, liability concerns have become even more pressing in the restaurant industry, as businesses face strict regulations and the potential for costly litigation. - read more
How Your Claims History Affects Insurance Premiums for Restaurants
How Your Claims History Affects Insurance Premiums for Restaurants
Running a restaurant in Australia comes with its own set of challenges, particularly when it comes to navigating legal risks. For restaurant owners, understanding these risks is crucial in safeguarding their businesses from potential financial hardships. - read more
The Legal Risks of Running a Restaurant: How Insurance Can Safeguard Your Business
The Legal Risks of Running a Restaurant: How Insurance Can Safeguard Your Business
Running a restaurant in Australia is exciting and full of potential, but it's not without its legal challenges. From compliance with food safety standards to managing employee relations, restaurant owners must navigate a complex web of regulations and potential legal issues. Issues such as slip and fall accidents, supplier disputes, and licensing can all pose significant risks. - read more
Finding the Right Insurance Partner: A Guide for Australian Restaurants
Finding the Right Insurance Partner: A Guide for Australian Restaurants
Running a restaurant in Australia comes with its own set of unique challenges and risks. From busy kitchens to bustling dining areas, every corner of your establishment holds potential liability issues. Understanding these risks and how they can affect your business is crucial for safeguarding your investment. - read more

Knowledgebase
Underwriting:
The process by which an insurer determines the risk of insuring a client and decides the terms of coverage.