comcare scheme update 2 years on - actuaries institute · 2017. 11. 13. · comcare scheme update 2...

12

Upload: others

Post on 03-Sep-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation
Page 2: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation

Comcare Scheme Update

2 Years On

Tony Middlebrook

General Manager Insurance

Page 3: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation

Commonwealth Safety and

Rehabilitation Compensation Scheme

Page 4: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation

Work Health Safety Act

Page 5: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation

Claims and Cause

Page 6: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation

Claims Cost

Page 7: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation

Average Claims Cost

Page 8: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation

Comparison of Serious Claims

and RTW rates across SchemesCurrent return to work rate for 2012, 2014 and 2016

Source: 18th Edition (Revised), Safe Work Australia, Comparative Performance Monitoring Report, July 2017

Frequency rates of serious* injury and disease claims by jurisdiction

* Includes all accepted workers’ compensation claims for an incapacity that results in a total absence from work of one working week or more.

Page 9: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation

Scheme Premium Rate Government Sector

Premium rate

Page 10: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation

Scheme Funding Ratio

Page 11: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation

Legislative Change• In June 2017 the SRC Act was

amended to align Pension Age and

Critical Injury definitions in other forms

of legislation.

• Previously proposed legislative reform

has lapsed.

Page 12: Comcare Scheme Update 2 Years On - Actuaries Institute · 2017. 11. 13. · Comcare Scheme Update 2 Years On Tony Middlebrook General Manager Insurance. Commonwealth Safety and Rehabilitation