SIRA ‘driving accountability’ with workers’ comp stats
The State Insurance Regulatory Authority (SIRA) has published workers’ compensation statistics under a push for performance improvement across the NSW schemes.
The data includes 13-week return-to-work rates, stay-at-work rates – reflecting the percentage of workers who did not take time off – and a measure of those who either stayed at work or took time off and are now working.
“SIRA will continue to publish these reports quarterly to drive accountability and positive change in the insurance industry,” the regulator said. “They are important for tracking an insurer’s recovery-through-work performance, ensuring work participation remains a priority for insurer performance and fostering transparency of insurer performance.”
The data features overall figures and breakdowns by insurer for the Nominal Insurer, Treasury Managed Fund, specialised insurers and self-insurers.
About 4.76 million people are covered by the NSW workers’ compensation system, including 3.71 million through the Nominal Insurer and 393,902 through the public sector Treasury Managed Fund.
“Research consistently shows that returning to work after illness or injury can deliver positive benefits to the worker, their employer and the community,” SIRA said.
The data and details are available here.