The road to recovery or an exit strategy?
APRA is finally addressing one of the biggest lessons learned from the GFC: the failure of firms to plan for the worst while still expecting public support to ride out a crisis. To fix this situation, APRA has introduced new recovery and exit planning requirements to ensure that regulated businesses make plans to rebuild their […]
Why do I need travel insurance?
When we travel overseas and get sick or injured, we expect to have the same experience that we have in Australia with the benefits of our great public health system. Unfortunately, in many countries – especially those unspoiled lesser developed ones, that isn’t the case. They often don’t have the same facilities or level of […]
How to benefit from an actuarial perspective
The actuarial ‘package’ is powerful, flexible, and broad based. It can add value in unique ways, in both established and new contexts. The breadth of actuarial training, together with its depth in key areas, provides a strong base, and the flexibility to transfer established skills into new situations or areas. Read full article
APRA’s priorities for 2023
APRA recently released its Policy Priorities and Supervision Priorities for 2023. Read the PFS Risk Consulting team’s essential guide to what your financial institution needs to know: Download Presentation
Are DMFs the answer when insurance isn’t?
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. Read full article
APRA’s Guide for Directors
What do Directors, CEOs and Executives need to know? APRA’s recently released Guide for Directors is a must read for financial institution Directors, CEOs & Executives. This is a timely reminder that governance remains an important focus for APRA. While aimed at ADIs, the Guide contains cross industry obligations equally applicable to Insurers and Superannuation […]
Data Insights to inform innovative models of care
Remote monitoring of hospital patients could lead to better patient outcomes and reduced healthcare costs. Read about the way data was used to inform innovative models of healthcare – as presented by Lynton Norris and Adrian McGarva at the Health Financial Managers Association Annual Conference (Melbourne, 25th November 2022). Read more
PFS Consulting welcomes Madeleine Mattera
PFS Consulting is pleased to welcome Madeleine Mattera as a Principal, expanding our risk and governance expertise. Madeleine Mattera – Risk and Governance Madeleine has over 25 years’ experience helping financial services clients with their risk, regulation, governance and audit challenges. Her career spans banking, superannuation, insurance, asset management and fintech. She has held executive […]
CPS 230 The journey towards resilience
CPS 230 The journey towards resilience In this article, we aim to improve your understanding of APRA’s proposed CPS 230 Operational Risk Management and the journey of risk maturity that Boards and Management will need to take to enhance operational resilience and value.
Addressing Group Insurance Operational Risk
Addressing Group Insurance Operational Risk PFS Principal, Sean Williamson, recently produced a thought-provoking article about Operational Risk inherent in Insurance in Superannuation. This paper addresses how insurance operational risk confronting Trustee Boards and Fund Executives is increasing as major change and complexity, primarily regulatory and mergers, continues across the superannuation system. It explores how funds […]
