Compliance and Performance Review of the NSW Workers Compensation Nominal Insurer Scheme. Submission to State Insurance Regulatory Authority in response to Discussion Paper:
“The current premium system has been in place since 2015/16; this system is significantly different to the previous premium system. Several of the changes were positive and have been supported by Ai Group. However, the change was not clearly articulated in advance; some large employers had significant increases in their premium that were not anticipated and, therefore not factored into their budgets. It is our view that icare continues to suffer reputational impact from this poorly managed change process.”