Hotel Insurance Online :: News
SHARE

Share this news item!

Strengthening Agricultural Insurance: Rural Affinity and Munich Re's Renewed Partnership

A Five-Year Agreement to Support Australian Farmers

Strengthening Agricultural Insurance: Rural Affinity and Munich Re's Renewed Partnership?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Rural Affinity has renewed its partnership with Munich Re Specialty - Global Markets under a new five-year agreement, continuing a collaboration that began in 2006.
This renewed alliance aims to support Rural Affinity's efforts to expand its agricultural insurance offerings across Australia and introduce new products leveraging technology and innovation.

Since its inception, Rural Affinity has paid over $500 million in claims to farming clients, with Munich Re providing reinsurance support throughout this period. The extended partnership seeks to address gaps in agricultural insurance coverage across the country, ensuring that farmers have access to comprehensive and tailored insurance solutions.

James Hooper, Managing Director of Rural Affinity, expressed his enthusiasm for the renewed agreement, stating that Munich Re's expertise has been instrumental in achieving the company's goals and ambitions. He emphasised that Munich Re has a detailed understanding of their business and the important solutions they provide to the agricultural industry in regional Australia.

This partnership renewal comes at a time when Australian insurers are navigating climate-related risks and strengthening their sustainability commitments. The Insurance Council of Australia's 2024 'Climate Change Roadmap' details insurers' progress toward reducing emissions and adapting to climate-related regulatory changes. According to the roadmap, 85% of insurers have set a net-zero target for 2050, with half aiming to achieve operational net-zero by 2030.

To support the industry's transition, the Insurance Council has implemented several initiatives, including hosting a National Industry Roundtable to address resilience and land-use planning, issuing guidelines on emissions reduction targets and transition strategies, and organizing an insurer-led delegation to the US to study policy approaches to severe weather risks.

Andrew Hall, Chief Executive of the Insurance Council of Australia, highlighted the role of insurers in mitigating financial losses from climate-related disasters, noting that extreme weather events currently result in around $4 billion in annual costs for Australian homeowners, with overall economic impacts projected to rise to $35.2 billion per year by 2050.

The renewed partnership between Rural Affinity and Munich Re Specialty signifies a proactive approach to supporting Australia's agricultural sector amidst evolving challenges, ensuring that farmers have access to robust and innovative insurance solutions tailored to their unique needs.

Published:Tuesday, 10th Feb 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

Strengthening Agricultural Insurance: Rural Affinity and Munich Re's Renewed Partnership
Strengthening Agricultural Insurance: Rural Affinity and Munich Re's Renewed Partnership
10 Feb 2026: Paige Estritori
Rural Affinity has renewed its partnership with Munich Re Specialty - Global Markets under a new five-year agreement, continuing a collaboration that began in 2006. This renewed alliance aims to support Rural Affinity's efforts to expand its agricultural insurance offerings across Australia and introduce new products leveraging technology and innovation. - read more
AFCA Mandates Insurer Payout for Engine Overheating Incident
AFCA Mandates Insurer Payout for Engine Overheating Incident
10 Feb 2026: Paige Estritori
The Australian Financial Complaints Authority (AFCA) has recently ruled in favour of a truck owner whose insurance claim was initially denied following an engine overheating incident. This decision underscores the complexities surrounding insurance claims related to driver negligence and mechanical failures. - read more
AFCA Supports Insurer in Truck Theft Claim Denial
AFCA Supports Insurer in Truck Theft Claim Denial
10 Feb 2026: Paige Estritori
The Australian Financial Complaints Authority (AFCA) has recently upheld an insurer's decision to deny a truck theft claim, citing misrepresentation of the insured's insurance history. This ruling highlights the critical importance of accurate disclosure when obtaining insurance coverage. - read more
AFCA Sides with Freight Company in Dangerous Goods Disclosure Case
AFCA Sides with Freight Company in Dangerous Goods Disclosure Case
10 Feb 2026: Paige Estritori
The Australian Financial Complaints Authority (AFCA) has recently ruled in favour of a freight company in a dispute over the disclosure of transporting dangerous goods. This decision provides valuable insights into the obligations of transport companies regarding insurance disclosures. - read more
Australian Insurers Falling Behind in Risk Preparedness
Australian Insurers Falling Behind in Risk Preparedness
10 Feb 2026: Paige Estritori
Recent findings from PwC's Insurance Banana Skins Survey highlight a concerning trend: Australian insurers are trailing their global counterparts in risk preparedness. The survey, which gathered insights from 698 insurance executives across 42 territories, indicates that Australian insurers scored 6.6% lower on the Preparedness Index compared to the global average. - read more
Click for more Insurance News


Hotel Insurance Articles

Custom Insurance Solutions: Protecting Your Hotel from Unique Risks
Custom Insurance Solutions: Protecting Your Hotel from Unique Risks
The hospitality industry in Australia is a dynamic and ever-evolving sector, characterised by a diverse range of services and offerings. Hotels operate in a vibrant environment, catering to both local and international guests while constantly adapting to seasonal changes, economic shifts, and emerging trends. This dynamic nature introduces a variety of unique risks that need to be managed effectively. - read more
The Importance of Risk Assessment in Tailoring Your Hotel’s Insurance Coverage
The Importance of Risk Assessment in Tailoring Your Hotel’s Insurance Coverage
Risk assessment is a fundamental process in evaluating potential exposure to financial losses and liabilities in the hospitality industry. It involves identifying, analyzing, and evaluating risks that could impact hotel operations. By understanding these risks, hotel operators can tailor their insurance policies to provide comprehensive coverage and mitigate potential payouts. - read more
Disability Income Protection: What Every Hotel Operator Needs to Know
Disability Income Protection: What Every Hotel Operator Needs to Know
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
The Role of Training in Minimising Liability for Hotel Operators
The Role of Training in Minimising Liability for Hotel Operators
Operating a hotel is not just about offering great services and hospitality. It also involves understanding and managing various types of liability risks. Liability in the hospitality industry can arise from numerous situations, and being unaware of these can potentially expose hotel operators to significant legal issues and financial losses. - read more
A Cybersecurity Guide for Hotel Operators
A Cybersecurity Guide for Hotel Operators
With an ever-expanding digital landscape, the importance of robust cybersecurity measures in the hospitality industry cannot be overstated. As technology continues to evolve, so too do the threats that target the vulnerabilities within hotel systems. This has made cybersecurity a top priority for hotel operators. - read more


Your free hotel insurance quote comparison starts here!
First Name:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
No-Fault Insurance:
A type of car insurance where your insurer pays for your damages regardless of who is at fault in an accident.

Quick Links: | Hotel Insurance Australia | Hotel Business Insurance | Hotel Public Liability Insurance | Hotel Contents Insurance | Hotel Stock Insurance | Hotel Commercial Vehicle Insurance | Hotel Income Protection Insurance | Hotel Proprietors Insurance | Hotel Insurance Coverage | Hotel Insurance Policy | Hotel Insurance Quotes
This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.