In this Weekly Insurance News Wrap podcast, Paige Estritori covers top issues in Australia's insurance sector. Sydney's insurtech firm, Upcover launches a new management liability insurance product for SMEs and sole traders to protect them financially from employment disputes, tax audits, crimes, and legal claims. Meanwhile, competition is seen increasing in the professional indemnity insurance sector as APRA reports a steady trend in claims alongside a decrease in gross written premiums. However, the hospitality sector battles increasing insurance premiums due to changes in reinsurance costs. Even with inflation easing, costs for small independent operators continue to rise. The Restaurant and Catering Association proposes surcharges, operational streamlining, and technology leverage as strategies for countering these rising costs.

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