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.
CFAR was introduced into the Australian market in 2018 by Zurich owned Cover-More with the benefit being a reimbursement of up to 75% of non-refundable expenses, up to a total of $10,000.
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.
Australia receives many thousands of immigrants each year who seek education and working opportunities and therefore often stay in the country for several years.
In this first article on the funding of Emergency Services in NSW, Martin Fitzpatrick, and Jessie Yu dive into what the Emergency Services Levy (ESL) is, who is liable to collect it, and discuss some historical examples.
Australia has a robust healthcare system, and the Federal Government provides a universal health insurance scheme for all citizens and permanent residents.
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.
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.
