With insurance capacity and affordability becoming increasingly problematic in a number of classes of insurance, DMFs are once again being turned to – to provide a solution where insurance is failing.
However these structures can be controversial and not all DMFs are created equal.
The Anti-Money Laundering and Counter-Terrorism Financing Amendment (AML/CTF) Bill 2024 was passed in Parliament on 29 November 2024. The reforms to the existing AML/CTF act were driven by the need to:
Last week, the PFS Consulting team attended AI Con, hosted by the Actuaries Institute. The conference showcased the rapid evolution of AI and the need for industries to adapt to its transformative potential.
Some not-for-profit enterprises (NFPs) provide services for a group of people over an extended period of time. Services can include providing accommodation, covering living expenses, and supporting charitable activities.
Pet insurance has a history dating back to 1890 when the first policy was issued in Sweden focusing on horses and livestock. By 1924, Sweden expanded coverage to include dogs and the concept crossed borders, reaching the United Kingdom in 1947 with the issuance of its first pet insurance policy.
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