Earlier this afternoon, icare announced the 2018 NSW workers compensation agents. Following CGU announcing their exit from NSW workers compensation, further important changes were announced today by icare. Per our previous articles it was widely expected the current 5 agents (Allianz, CGU, EML, GIO & QBE) would be reduced to 3 for 2018 onward.

Given the timing of today’s announcement, it is our current understanding that from 2018 onward, the following will occur:

icare Announce 2018 NSW Agents as follows:

  • Employers Mutual – claims partner (all new claims – perhaps excluding medical only)
  • GIO – claims partner
  • Allianz – claims partner (we believe with a extended run-off of existing claims until the end of 2018)
  • QBE – will exit the scheme at 31 December 2017
  • CGU – per previous announcement exit 31 December 2017

ABILITY GROUP believe today’s announcement represent an exciting new phase for workers compensation (now referred to as workers insurance) in NSW. We will continue to cover these changes and the expected benefits. In doing so we will keep our clients, brokers and partners informed. If you have any questions, please contact us to discuss.

Read the icare media release here.