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Allianz to sign off from icare workers’ comp

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Allianz will “disengage” as an agent for the Insurance & Care NSW (icare) workers’ compensation scheme by the end of the year.

Last year icare announced the appointment of EML as sole agent for new claims, with CGU and QBE ceasing services.

GIO and Allianz continued providing services as transition agents.

Allianz will go this year, but GIO will continue to handle some long-tail claims.

“In the past six months we have transitioned from five to three claims managers and introduced a new model that provides the right levels of support tailored to each claim,” icare Acting Group Executive Workers’ Insurance Elizabeth Uehling said.

“A key part of this program has been to operate with fewer scheme agents so icare can better manage the experience of workers and employers, and support the best return-to-work outcomes across the whole scheme.”

icare workers’ compensation customers should expect claims being managed by Allianz to transfer to EML and GIO in the second half of this year.

Allianz Chief GM Workers’ Compensation Helen Silver says the company will maintain a strong working relationship with icare.

“While we are not continuing our participation in the broader scheme, we are committed to delivering on commitments in other areas,” she said.

“As part of this, Allianz is currently working with icare on a pilot for large corporate employers to continue providing workers’ compensation services within the icare model.”