Workers compensation – market review of self and specialised insurer licensing arrangements
The NSW Government has established a review of the licensing arrangements relating to self and specialised insurers in the NSW workers compensation scheme.
Purpose of the review
The review will be conducted by the Department of Customer Service (DCS) in collaboration with NSW Treasury. The review aims to ensure the workers compensation insurance market continues to meet the needs of injured workers, employers and insurers.
The current NSW workers compensation scheme is a hybrid public-private insurance model and includes icare, specialised insurers and self-insurers.
The review will assess:
- the current market for workers compensation insurance,
- the effect of the entry of self and specialised insurers, and
- the optimal market design for the NSW workers compensation scheme.
The review is expected to produce recommendations to inform the development of a market structure policy to support the long-term sustainability of the scheme.
An interim report is due to the Government for consideration before the end of 2026.
Stakeholder participation
DCS will work closely with relevant government agencies on public consultation with key stakeholders during the review process.
Review updates
Further information and updates on the review, including the consultation process, will be made available on this page.
Questions about the review or expressions of interest for consultation can be emailed to wcmarketreview@customerservice.nsw.gov.au.