icare announces claims management appointments for fund

NSW insurer icare has announced a series of appointments for the NSW Treasury Management Fund’s (TMF) claims management services, following a six-month competitive RFP process.

Read more: NSW insurer issues RFP for Treasury managed fund

The current contracts for TMF claims management will expire at the end of the year.

Read more: Treasury Managed Fund (TMF)

icare reappointed Allianz, EML, and QBE and appointed GIO to provide claims management services for the NSW TMF workers’ compensation portfolio. The appointments are subject to contract execution.    

The new contracts for Allianz, EML, and QBE will commence on Jan. 01 and include new performance measures, while GIO will start after the implementation of the icare technology platform.

“Through these appointments, icare has strengthened the alignment between return to work outcomes and remuneration to ensure it’s delivering a fairer and more consistent service and a sustainable scheme for injured workers and NSW government agencies,” icare said.