Pet Insurance: Market and product overview.
Read full article This article provides a comprehensive overview of the rapidly growing market for pet insurance in Australia. It covers existing products and providers and why the take up of pet insurance is increasing. Existing Market History of pet insurance Pet insurance has a history dating back to 1890 when the first policy was […]
Cancel For Any Reason (CFAR)
Read full article What is CFAR? CFAR (Cancel for Any Reason) is a policy that covers you for cancelling your travel arrangements. You can do it for any reason. Fixing a Customer Problem During Covid I could cancel my hotel room for any reason up to 24 hours before and if I have the right […]
Travel Insurance Pricing: More complex than it looks
Read full article Travel insurance is complex, with many different underlying covers. As a result, pricing is subject to a variety of risk drivers. Every travel policy is unique, driven by differing risk factors specific to the individual travellers and the nature of their trips. Each policy has a different ratio of coverage pre-trip which […]
What is Overseas Visitors Health Cover (OVCH)?
Australia receives many thousands of immigrants each year who seek education and working opportunities and therefore often stay in the country for several years. With numbers increasing year on year, the demand for OVHC is expected to also increase. This article discusses the OVHC product, including who is covered, why they are covered, the benefits […]
Financial Accountability Regime (FAR) has commenced
March was a busy month with the release of regulator rules, transitional rules and the release of a consultation package for RSE licensees and insurers. PFS have previously provided a FAR guide for financial institutions and this short article highlights a number of recent developments and outlines the timelines for what happens next. Read full […]
Operational Resilience – A bigger game and a broader perspective
In July 2023 APRA published its new Operational Risk Management Prudential Standard, CPS230, which comes into force on 1 July 2025. To date, there is no accompanying explanatory CPG230. PFS Consulting discussed a draft CPS230 in September 2022 and provided further commentary after the final CPS230 was published in July 2023. CPS230 applies to banks, […]
Financial Accountability Regime is now law – A guide for financial institutions
The Financial Accountability Regime has become law. Don’t miss Madeleine’s guide, designed to explain the regime’s implications, and ensure seamless compliance for financial institutions. Read the full guide
What is Overseas Student Health Cover (OSHC)?
Australia has a robust healthcare system, and the Federal Government provides a universal health insurance scheme for all citizens and permanent residents. However, international students coming to study are not covered under this scheme, which is where the Student Health Insurance market comes into play. This article discusses why, and who, needs this essential coverage […]
