iCare
2022-23
Contents

Overview

Audit background

Insurance and Care NSW (icare) provides workers compensation insurance to more than 329,000 public and private sector employers in New South Wales and their 3.2 million employees. It also insures builders and homeowners, provides treatment and care to people severely injured on NSW roads, and protects more than $266.6 billion of NSW government assets.

The State Insurance Regulatory Authority (SIRA) regulates workers compensation insurance and other insurance and compensation schemes in NSW.

Audit objective

This audit will assess the effectiveness and economy of icare’s management of workers compensation claims. It will also assess the effectiveness of SIRA’s oversight of workers compensation insurance.

Estimated tabling period

Early 2024

Agencies audited

icare

SIRA

NSW Treasury