Psychological injury claims are increasing in frequency, complexity and cost, while longer duration claims continue to place significant pressure on workers’ compensation schemes across Australia. Against this backdrop, ensuring schemes remain sustainable and affordable, without compromising support for injured workers, has become a crucial policy challenge.
This webinar will unpack the key findings and recommendations of the Insurance Council of Australia’s Workers’ Compensation Policy Paper, examining the drivers of psychological injury claims, discuss evidence-based policy reforms to improve recovery and return-to-work outcomes, and consider how Australia’s workers’ compensation systems can remain financially sustainable while continuing to provide effective protection for workers and employers.
Key takeaways
- Understand the key drivers of change – gain insights into the trends driving growth in psychological injury and long-duration workers’ compensation claims, and their implications for injured workers, employers, insurers and scheme sustainability.
- Explore the ICA’s policy reform proposals – understand the evidence underpinning the ICA’s recommendations to improve the management of psychological injury claims, address the drivers of longer duration claims, and support better recovery and return-to-work outcomes.
- Consider the future of workers’ compensation – examine how policymakers, regulators, employers and insurers can work together to maintain affordable, sustainable workers’ compensation schemes while continuing to provide effective support for injured workers.
Speaker
Alice Nichol - Senior Adviser Insurance Lines, ICA