icare self insurance
icare self insurance administers a number of managed fund schemes serving NSW government agencies and their employees. With $8.5 billion in assets, $6.7 billion in total claims liability, 193 contributing membersopens in new window and 10 per cent of the NSW workforce protected and insured, icare self insurance represents the largest public-sector self-insurer in Australia.
In 2014-15, icare self insurance effectively managed liabilities to return $355 million to the state budget. These savings are used to deliver better public services to the NSW community.
icare TMF (The Treasury Managed Fundopens in new window), is the largest fund scheme administered by icare self insurance; providing workers compensation, health and general liability, property, motor vehicle and other miscellaneous cover. Backed by a comprehensive reinsurance program, icare TMF offers agencies the broadest possible asset and liability protection available worldwide.
icare self insurance provides Strategic Risk Management Servicesopens in new window to member agencies.
icare self insurance also administers the following funds:
- Construction Risk Insurance Fundopens in new window
- The Bushfire Fighters Compensation Fund
- The Emergency and Rescue Workers Compensation Fund
- The Supplementary Sporting Injuries Fund.