NSW CTP and Lifetime Care
|
|
- Gary Skinner
- 5 years ago
- Views:
Transcription
1 NSW CTP and Lifetime Care Andrew Nicholls General Manager Motor Accidents Authority of New South Wales Don Ferguson General Manager Lifetime Care and Support Authority of New South Wales This presentation has been prepared for the Actuaries Institute 2013 Injury Schemes Seminar. The Institute Council wishes it to be understood that opinions put forward herein are not necessarily those of the Institute and the Council is not responsible for those opinions.
2 NSW CTP Update Andrew Nicholls General Manager Motor Accidents Authority of New South Wales This presentation has been prepared for the Actuaries Institute 2013 Injury Schemes Seminar. The Institute Council wishes it to be understood that opinions put forward herein are not necessarily those of the Institute and the Council is not responsible for those opinions.
3 Outline Proposed reform: Motor Accident Injuries Amendment Bill 2013 CTP Roundtable - Withdrawn from Parliament The show must go on Challenges: Increasing Green Slip prices Scheme efficiency and affordability Claim frequency and propensity are increasing Delayed payment of benefits Realised profit continues to be higher than filed profit 3
4 Emerging trends Average claims size, claims frequency and propensity continues to rise mainly driven by low severity, legally represented claims More is spent on care now than before, particularly gratuitous care Efficiency over last 10 years is poor: More is spent on lawyers than on medical and related treatment costs Insurer profit continues to be higher than estimated at the time of filing The majority of payments in the scheme are made 3 5 years after the date of accident Low yield rates are biting 4
5 CTP Insurance Market Market share by insurer group for quarter ending 30 June 2013 (based on premium volume) 6.2% (Zurich) 21.8% (Suncorp Group - AAMI & GIO) 19.9% (QBE) 35.3% (Insurance Australia Group - NRMA) 16.7% (Allianz Group - Allianz & CIC Allianz) 5
6 Green slip components Three main components: Insurer premium Medical Care and Injury Services (MCIS) Levy GST 6
7 Medical Care and Injury Services (MCIS) Levy Review Change in mix Over collection being addressed Reduced rates for motor vehicles and a number of other vehicles 7
8 Premium as a proportion of NSW Average Weekly Earnings Premium Affordability $ % $550 $ % 40.0% 38.0% $450 $400 $ % 34.0% 32.0% 30.0% $300 $ % 26.0% 24.0% $ Measurement at 30 June 22.0% Average premium - all passenger vehicles (LHS) Average premium - all passenger vehicles as % of Average Weekly Earnings (RHS) 8
9 Number of claims 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2, Accident year ending 30 June Minor non-rep Minor rep Moderate Serious s151z * ANFs * s151z claims refer to workers compensation recovery 9
10 Claim frequency Claim frequency per 10,000 vehicles and the propensity to claim since 2000 for full claims only (excluding ANF s). Claim frequency per 10,000 vehicles and propensity to claim since 2000 for ANF s Claims per 10,000 vehicles Propensity to claim Accident Year ending 30 September Claims frequency = Number of full claims / registered vehicles (LHS) Propensity to claim = Number of full claims / Road casualties (RHS) 10
11 Average claim size (in 30 June 2012 values) for minor severity injuries legally represented $120,000 $110,000 $100,000 $90,000 $80,000 $70,000 $60, Accident year ending June
12 Distribution of Scheme funds % Direct claimant benefits 3% 16% 50% Legal and investigation expenses Insurers' expenses MAA and RMS expenses Insurers' Profit 12% 12
13 Heads of damage 18.0% 20.0% Claim payments 6.0% 2.0% 14.0% 40.0% NEL Economic loss Medical Care Bulk billing Other (incl. ANF) - Care has dramatically increased as a benefit - Other payment types have remained relatively stable Notes: 1. Claim payments shown in the chart above are actuarial estimates derived from averages across underwriting years 2000 to Claim payments include just compensation payments which make up 50% of the premium components. Non compensation payments (Legal and investigation) which make up 12% of premium components, are excluded from the chart. 13
14 Claims costs paid out by year post injury 25% Percentage of claims costs paid out by year post-injury (excluding LTCS claims) 20% 15% 10% 5% 0% Development Year NSW Vict oria 14
15 Scheme improvement projects NSW Government committed to designing an efficient and affordable Scheme Enhancing MAA regulatory role Improving the claimant experience Simplifying and improving the purchase of Green Slips Reducing friction and other Scheme costs Improving the dispute resolution processes 15
16 NSW Lifetime Care Don Ferguson General Manager Lifetime Care and Support Authority of New South Wales This presentation has been prepared for the Actuaries Institute 2013 Injury Schemes Seminar. The Institute Council wishes it to be understood that opinions put forward herein are not necessarily those of the Institute and the Council is not responsible for those opinions.
17 Lifetime Care and Support Scheme NSW No fault scheme for people seriously injured in motor accidents in NSW Provides reasonable and necessary treatment, rehabilitation and care Commenced October 2006 for children and October 2007 for adults Administered by the Lifetime Care and Support Authority (LTCSA) - An Agency of Safety, Return to Work and Support Division (SRWSD) 17
18 Lifetime Care and Support Scheme NSW 965 participants accepted into Scheme since 1 October interim participants who recovered and not lifetime 27 deceased 796 current participants of which 438 are lifetime participants Now approximately 185 participants a year (originally 160) 71% participants are male 76% participants have a brain injury 11 participants with amputations, 4 burns and 1 vision loss 18
19 Reported participants 1,200 Reported participants 200 Inactive participants 1, Deceased Active participants Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Interim Lapsed 0 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Point in time (as at the end of) 19
20 Mean term of liabilities is 25 years Scheme Liabilities Plateau of cash flow and liability in approx 60 years Outstanding claims liability of $2.07 billion Latest annual incurred cost is $410 million Overall average cost per participant is $2.23 million (range $500,000 to $10,000,000) Funded by a levy on CTP motorists, calculated as a percentage of premium 20
21 Scheme Risks Still small Long tail (size of liability compared to annual revenue cash flow currently 5:1 but will increase to 25:1 Solvency Movement of eligibility threshold Investment return 21
22 Scheme Risks Superimposed inflation Escalation of what services are reasonable and necessary Attendant care Gratuitous care legal challenge paying family as carers cost and availability of attendant care workers 22
23 Scheme Volatility Very high quarter to quarter volatility with average claim cost per quarter varying from $1.5m to $3m or quarterly liability varying from $40m to $140m Participant numbers Volatility quarterly, but reasonable stable on annual basis Severity of injuries Severity distribution of brain injury important as 76% participants have a brain injury. Recovery pattern, service usage over time and impact of aging still uncertain. 23
24 Severity of brain injury Care and Needs Scale (CANS) Levels 1 to 7 Level 7 most severely injured, 24 hours of care a day Level 6 20 to 23 hours of care a day Level 5 12 to 19 hours of care a day Level 4 up to 11 hours of care a day, can be left alone overnight Level 3 can be left alone a few days a week Changing CANS score as participant improves 24
25 Development years for CANS Number of CANS 7 - by accident year cohort / / / / / /08 (annualised) Development year 25
26 Payments per motor vehicle brain injury Brain injuries $10 $9 2007/08 (annualised) $8 $7 $6 2010/ / /09 $5 $4 $3 2011/12 $2 $1 2012/13 $ Development Quarter 26
27 Current expenditure Attendant Care 34% 38% Equipment Home modifications Rehabilitation 6% 17% Case management 7% 7% 7% $62.1m paid in the past 12 months 18% 38% Hospital Rehabilitation Attendant care Medical Equipment Case Management 7% 7% 7% 7% 6% 7% 18% 16% 17% 23% 2012 FY $56.8m paid in total 2013 FY $62.1m paid in total Medical Hospital Home Modification 6% 6% 0% 5% 10% 15% 20% 25% 30% 35% 40% 27
28 Attendant Care Will ultimately make up around 75% of full cost model Approximately 38% of current participants receiving attendant care services Approximately 73% of lifetime participants have receive attendant care services at any one time Participants are requesting approximately 60% of care they are assessed as requiring 28
29 Trends Spinal cord injury numbers as expected, but number of incomplete injuries increasing compared with complete Slightly older cohort of participants Slight increase in % of participants with a brain injury over 35 Slight increase in % of participants with a spinal cord injury over 55 Increasing complexity of eligibility decisions Causation issues e.g. did stroke cause mva or stroke result from mva Co-morbidities of mental health, drug and alcohol, dementia Complex late applications 29
30 LTCS Initiatives Person-centred approaches Move to increasing participants choice and control over their life and services Increasing focus on assisting participants to set their own goals Direct funding pilots Improving employment outcomes for participants with brain and spinal cord injury Increasing opportunities for participants to have a say Increasing links with other disability programs 30
31 LTCS Focus next 3 years Continued focus on scheme solvency Increase alignment of SRWSD schemes National Injury Insurance Scheme (NIIS) Greater focus on health and social outcomes Continued focus on developing a more person centred approach Growing internal and industry capacity to support expected growth 31
32 Questions?
NSW CTP Benefit Reform
NSW CTP Benefit Reform Key Features and Challenges Ahead Christian Fanker and Bevan Damm SIRA, EY This presentation has been prepared for the Actuaries Institute 2017 Injury & Disability Schemes Seminar.
More informationTHE NSW COMPULSORY THIRD PARTY GREEN SLIP INSURANCE SCHEME: SUBMISSION TO THE CONSULTATION ON THE PROPOSED REFORMS
The Hon Greg Pearce MLC Minister for Finance & Services Minister for the Illawarra 5 April 2013 Dear Minister THE NSW COMPULSORY THIRD PARTY GREEN SLIP INSURANCE SCHEME: SUBMISSION TO THE CONSULTATION
More informationEstimated cost per policy of the new NSW CTP Green Slip Scheme under the Motor Accident Injuries Act 2017 (NSW)
Estimated cost per policy of the new NSW CTP Green Slip Scheme under the Motor Accident Injuries Act 2017 (NSW) State Insurance Regulatory Authority 24 July 2017 Table of contents 1. Executive Summary...
More informationImplementation considerations related to a National Injury Insurance Scheme (NIIS)
Implementation considerations related to a National Injury Insurance Scheme (NIIS) Anna Dayton, Daniel Cooper, David Bowen, John Walsh < copyright PwC Actuarial> Agenda Characteristics of a National Injury
More informationOn the road to a better CTP scheme. CTP reform position paper
On the road to a better CTP scheme CTP reform position paper Contents Minister s foreword... 3 Introduction... 4 Why Option 3?... 5 What happens next?... 6 Market and premium setting... 7 Underwriting
More informationInsights. Motor Injury. Motor Injury Insights brings you all the news from the world of motor accident compensation. April 2018.
April 2018 Motor Injury Insights Motor Injury Insights brings you all the news from the world of motor accident compensation. In this edition: The Citizens Jury has selected a new CTP scheme for the ACT
More informationLiving Well Enhancing Resilience following injury
Living Well Enhancing Resilience following injury Rehabilitation Psychology Interest Group (RPIG) of the APS, the John Walsh Centre for Rehabilitation Research (JWCRR), Sydney Medical School-Northern,
More informationNSW CTP: A scheme in need of reform
NSW CTP: A scheme in need of reform A first party, no-fault scheme will provide simpler, fairer access to benefits for all road users. The inclusion of defined benefits for all people who are injured,
More informationMAIA & MACA Comparison table
MAIA & MACA Comparison table Motor Accident Injuries Act 2017 (MAIA) Part 1 Preliminary 1.4 definitions: Damages means damages (within the meaning of the Civil Liability Act 2002) in respect of the death
More informationMortality experience and projections for catastrophic injuries David Gifford and Darryl Frank TAC and PwC
Mortality experience and projections for catastrophic injuries David Gifford and Darryl Frank TAC and PwC This presentation has been prepared for the Actuaries Institute 2013 Injury Schemes Seminar. The
More informationUNDERSTANDING COMPULSORY THIRD PARTY (CTP) INSURANCE IN THE ACT
UNDERSTANDING COMPULSORY THIRD PARTY (CTP) INSURANCE IN THE ACT August 2017 CONTENTS What is CTP insurance and why is it important? 2 What does CTP cover? 2 How are CTP benefits determined? 3 How do you
More informationRe: Claims handling, business plans and medical (treatment, rehabilitation and care) Guidelines for motor accident claims
17 October 2016 Our ref: 161010-SIRA-TC Ms Annette Keay Senior Advisor, Injury Strategy Motor Accidents Insurance Regulation State Insurance Regulatory Authority (SIRA) Via email: annette.keay@sira.nsw.gov.au
More informationLee & Lyons Lawyers 1/131 Macquarie Street SYDNEY NSW AUSTRALIA 2000 Tel: (02)
The Impact of the National Disability Insurance Scheme on Catastrophic Injury Cases Presentation to the NSW Claims Discussion Group by Lucinda Lyons, Partner Joseph Callaghan, Senior Associate Lee & Lyons
More informationInsights. Motor Injury. Motor Injury Insights brings you all the news from the world of motor accident compensation. October 2017.
October 2017 Motor Injury Insights In this edition: Motor Injury Insights brings you all the news from the world of motor accident compensation. Claim farming and compensation touting complaints Analysis
More informationTHE INSTITUTE OF ACTUARIES OF AUSTRALIA A.B.N
THE INSTITUTE OF ACTUARIES OF AUSTRALIA A.B.N. 69 000 423 656 APPLICATION GUIDANCE NOTE 351 PREMIUM RATE CERTIFICATION FOR THE NSW MOTOR ACCIDENTS SCHEME This Guidance Note applies to actuaries who are
More informationEY costing of proposed model designs Final Citizen s Jury
EY costing of proposed model designs Final Citizen s Jury 24 March 2018 Contents Nature of cost estimates Risks and uncertainty Page 2 Nature of cost estimates Passenger vehicles only excluding Lifetime
More informationWhiplash claimants health outcomes and cost pre and post the 1999 NSW CTP legislative reforms
Whiplash claimants health outcomes and cost pre and post the 1999 NSW CTP legislative reforms Prepared by Sarah Johnson, Marnie Higlett, John Walsh, Anne-Marie Feyer, Ian Cameron and Trudy Rebbeck Presented
More informationInsights. Motor Injury
April 2016 Motor Injury Insights Motor Injury Insights brings you all the news from the world of motor accident compensation. You may already be familiar with it under its previous name: CTP News. finity.com.au
More informationHeadings Discussion paper
Headings Discussion paper Review of Compulsory Third Party (CTP) motor vehicle insurance for point-to-point transport vehicles Have your say 1 Section Background What is CTP Insurance? People injured in
More informationGeneral Insurance Industry: Yesterday, Today and Tomorrow
General Insurance Industry: Yesterday, Today and Tomorrow Estelle Pearson Finity Consulting Pty Ltd 2014 This presentation has been prepared for the Actuaries Institute 2014 General Insurance Seminar.
More informationOn the road to a better CTP scheme
On the road to a better CTP scheme Should you wish to discuss this submission, please contact; George Karagiannakis Senior Manager of Government & Industry Relations (02) 9292 9588 George.Karagiannakis@iag.com.au
More informationA Fair, Affordable and Sustainable CTP Scheme. Suncorp Group s submission to the NSW Government s Options Paper On the Road to a better CTP scheme.
A Fair, Affordable and Sustainable CTP Scheme Suncorp Group s submission to the NSW Government s Options Paper On the Road to a better CTP scheme. 1 Contents Executive Summary... 4 The Suncorp Group...
More informationScheme Actuarial Valuation as at 31 December 2017
Scheme Actuarial Valuation as at 31 December 2017 2018 Finity Consulting Pty Limited 8 Ms Joanne Denley Chair 400 King William Street ADELAIDE SA 5000 Dear Ms Denley Scheme Actuarial Valuation as at 31
More informationsporting injuries insurance for sporting organisations accidents can happen protect your players
sporting injuries insurance for sporting organisations accidents can happen protect your players our cover NSW Sporting Injuries provides one of the best serious injuries and death insurance cover to sporting
More informationCITIZENS JURY ON COMPULSORY THIRD PARTY (CTP) INSURANCE
CITIZENS JURY ON COMPULSORY THIRD PARTY (CTP) INSURANCE FREQUENTLY ASKED QUESTIONS For more information, visit www.yoursay.act.gov.au/ctp 1 CONTENT WHAT IS CTP INSURANCE AND WHY IS IT IMPORTANT?... 4 WHO
More informationThis section discusses claims for personal injury and death arising out of motor vehicle accidents.
MOTOR VEHICLE ACCIDENTS This section discusses claims for personal injury and death arising out of motor vehicle accidents. Persons who suffer personal injuries or death as a result of a motor vehicle
More informationApplication to compensate relatives
CTP GREEN SLIP CLAIM FORM Application to compensate relatives Use this form to request compensation for the close relatives of a person who died as a result of a motor accident in NSW. Complete this form
More informationImproving Queensland s CTP Scheme. Suncorp Group s submission to the 2016 Queensland CTP Review
Improving Queensland s CTP Scheme Suncorp Group s submission to the 2016 Queensland CTP Review 1 Contents Executive Summary... 3 The Suncorp Group... 4 Suncorp in the Community... 5 Youngcare... 5 Current
More informationMotorcycle Insurance. Your guide to Premiums, Excesses, Discounts and Claim Payments
Motorcycle Insurance Your guide to Premiums, Excesses, Discounts and Claim Payments Your guide to Premiums, Excesses, Discounts and Claim Payments The Premiums, Excesses, Discounts and Claim Payments Guide
More informationProvisional Damages and Damages for Gratuitous Services Project 106 Discussion Paper
18 March 2016 Law Reform Commission of Western Australia Level 12, Westralia Square 141 St Georges Tce Perth 6000 Email: provisionaldamages@justice.wa.gov.au Dear Sir / Madam Provisional Damages and Damages
More informationCTP DRIVER PROTECTION COVER POLICY BOOKLET
CTP DRIVER PROTECTION COVER POLICY BOOKLET NSW This Policy Booklet was prepared on 1 October 2017 and applies to all policies with a renewal or start date on or after 1 December 2017. The information in
More informationReinsurance for Injury Schemes
Reinsurance for Injury Schemes Ty Birkett Willis Re Australia This presentation has been prepared for the Actuaries Institute 2013 Injury Schemes Seminar. The Institute Council wishes it to be understood
More informationNewfoundland and Labrador. Auto Insurance Review. ~ May 2018 ~
Newfoundland and Labrador Auto Insurance Review ~ May 2018 ~ Table of Contents Introduction... 3 Non-Pecuniary Damages Payments... 3 Reform Costing Analysis... 4 Increasing the Non-Pecuniary Damages Deductible...
More information7i!:o~ L President. COPf ... ".," THE LAW SOCIETY OF NEW SOUTH WALES. 5 April 2013
THE LAW SOCIETY OF NEW SOUTH WALES COPf Our ref:jdhm703423 5 April 2013 The Hon Greg Pearce MLC Minister for Finance and Services Level 36 Governor Macquarie Tower 1 Farrer Place Sydney NSW 2000 Dear Minister
More informationNRMA Caravan and Trailer Insurance Premium, Excess, Discounts & Helpline Benefits NSW, QLD & ACT
1 NRMA and Insurance Premium, Excess, Discounts & Helpline Benefits NSW, QLD & ACT This NRMA and Premium, Excess and Discounts Guide should be read with the NRMA and Product Disclosure Statement and Policy
More informationSERVICE COMPANY QUESTIONNAIRE
SERVICE COMPANY QUESTIONNAIRE Company Name: Mailing Address: Street Address: City: State: Zip: Phone: Fax: E-Mail: Number of years administering claims: State jurisdiction(s) in which claims are handled:
More informationRegulatory Impact Analysis: Cost Recovery Impact Statement - Overview of Required Information 1
ACC Levies for 2019/20 and 2020/21 Cost Recovery Impact Statement Agency Disclosure Statement This Cost Recovery Impact Statement has been prepared by the Ministry of Business, Innovation and Employment.
More informationCar Insurance. Your guide to Premiums, Excesses, Discounts and Claim Payments
Car Insurance Your guide to Premiums, Excesses, Discounts and Claim Payments Your guide to Premiums, Excesses, Discounts and Claim Payments The Premiums, Excesses, Discounts and Claim Payments Guide (PED
More informationAccident Compensation Corporation (ACC) New Zealand. Wayne Anderson
Accident Compensation Corporation (ACC) New Zealand Wayne Anderson Topics covered Scheme Benchmarks Workers Compensation (Employers Account) Compulsory Third Party (Motor Vehicle Account) Weekly Compensation
More informationACT. CTP At-fault Driver. Policy booklet
ACT CTP At-fault Driver Policy booklet This Policy Booklet was prepared on 12 June 2014. The information in this Policy Booklet is current at that date. From time to time, we may include more up-to-date
More informationThe ACC Scheme. 1 The Injury Prevention, Rehabilitation, and Compensation Act 2001 sets the framework for New Zealand s accident compensation scheme.
The ACC Scheme 1 The Injury Prevention, Rehabilitation, and Compensation Act 2001 sets the framework for New Zealand s accident compensation scheme. 2 The ACC scheme provides comprehensive, 24-hour, no-fault
More information*CHECK AGAINST DELIVERY*
1 Minister Dominello Speaking Notes Australian Lawyers Alliance NSW State Conference Dockside Convention Centre, Darling Harbour Friday 11 March 2016 9.15 10.00 am *CHECK AGAINST DELIVERY* Introduction
More informationGuide to Choosing Personal Auto Injury Insurance
Guide to Choosing Personal Auto Injury Insurance 2018 basic auto insurance This guide provides information about personal auto injury insurance available to all Saskatchewan residents. Motorcycle owners
More informationResponse to Reforming insurer profit in CTP discussion paper
28 November 2016 CTP Review State Insurance Regulatory Authority Level 25 580 George Street Sydney NSW 2000 email: CTP_review@sira.nsw.gov.au Response to Reforming insurer profit in CTP discussion paper
More informationLarge bodily injury claims in Europe. Swiss Re Nordics Motor Roundtable, August 2018, Anita Wackerl
Large bodily injury claims in Europe Swiss Re Nordics Motor Roundtable, August 2018, Anita Wackerl 2 Trends in Motor Insurance Claims Managements Cross Border Claims Jurisdiction Bodily Injury claims Large
More informationSporting injuries insurance for sporting organisations. Protect your players accidents can happen
Sporting injuries insurance for sporting organisations Protect your players accidents can happen Our cover NSW Sporting Injuries provides one of the best serious injuries and death insurance covers to
More informationTo privatise accident compensation schemes or not? Stakeholder views
To privatise accident compensation schemes or not? Stakeholder views Andrew Doughman Bevan Damm Peter McCarthy Ernst & Young This presentation has been prepared for the Actuaries Institute 2012 General
More informationGIO Workers Compensation Western Australia Journey claim form
GIO Workers Compensation Western Australia Journey claim form Employer name Claim number Please print in block letters. 1. About the worker Full name Date of birth Address Employer name 1. About the journey
More informationDynamic Risk Modelling
Dynamic Risk Modelling Prepared by Rutger Keisjer, Martin Fry Presented to the Institute of Actuaries of Australia Accident Compensation Seminar 20-22 November 2011 Brisbane This paper has been prepared
More informationWHAT YOU SHOULD KNOW WHEN YOU HAVE BEEN INJURED IN A MOTOR VEHICLE ACCIDENT
WHAT YOU SHOULD KNOW WHEN YOU HAVE BEEN INJURED IN A MOTOR VEHICLE ACCIDENT This document provides current information about obtaining assistance to meet your needs through insurance benefits and other
More informationCARAVAN & TRAILER INSURANCE PREMIUM, EXCESS, DISCOUNTS & HELPLINE BENEFITS GUIDE
& TRAILER INSURANCE PREMIUM, EXCESS, DISCOUNTS & HELPLINE BENEFITS GUIDE 1 This NRMA Caravan & Trailer Insurance Premium, Excess, Discounts & Helpline Benefits Guide should be read with the NRMA Caravan
More informationDaniel Wilkie, CFO SUNCORP METWAY LTD. UBS Warburg June 6, 2001
Daniel Wilkie, CFO SUNCORP METWAY LTD UBS Warburg June 6, 2001 2 1996 Merger SUNCORP METWAY 3 Stockmarket position Market cap A$6.2b, ranking 24* Australian All Ords Index weighting: 0.83%* MSCI (Australia)
More informationWCB-Alberta. Premium Rate Guide
WCB-Alberta Premium Rate Guide Rate setting overview Employers pay premiums to fund workers compensation insurance. WCB-Alberta (WCB) determines premium requirements annually based on the best estimates
More informationCTP INSURANCE SURVEY RESULTS VIA YOUR SAY CTP INSURANCE SURVEY RESULTS CMTEDD CHIEF MINISTER, TREASURY AND ECONOMIC DEVELOPMENTDIRECTORATE
CTP INSURANCE SURVEY RESULTS VIA YOUR SAY CMTEDD CHIEF MINISTER, TREASURY AND ECONOMIC DEVELOPMENTDIRECTORATE OCTOBER 2017 1 1) Would you prefer CTP insurance that: Answer Choices Responses Covers everyone
More informationHIGHLIGHTS. Introduction. Keeping ACC public, fair and transparent. New Zealand Labour Party Manifesto 2017
HIGHLIGHTS Maintain ACC as a publicly administered and delivered social insurance scheme which provides comprehensive and universal personal injury coverage for all New Zealanders Make the ACC system fairer
More informationFinancial Management. Adoption: CEO Date: May 2017 (Adoption/most recent revision) Review period: Executive Manager Business Performance
Category: Financial Management Adoption: CEO Date: May 2017 (Adoption/most recent revision) Review period: Three years Responsible Manager: Executive Manager Business Performance CEO Signature Date 20
More informationIMPLEMENTING LEGISLATIVE REFORM: THE SOUTH AUSTRALIAN STORY
IMPLEMENTING LEGISLATIVE REFORM: THE SOUTH AUSTRALIAN STORY Prepared by Wayne Potter, Ian Rhodes and Emma Siami Presented to the Institute of Actuaries of Australia 12 th Accident Compensation Seminar
More informationHabits, Hits, Tails & Tweets: Plus more! Understanding customer behaviour
Habits, Hits, Tails & Tweets: Plus more! Understanding customer behaviour Presented By Colin Brigstock Finity Pricing Seminar 23 March 2010 Influences on Customer Behaviour New Premium Structure Experience
More informationASSESSMENT BULLETIN FOR FISCAL YEAR ENDING JUNE 30, 2019 (ASSESSMENT PERIOD JULY 1, 2018 TO JUNE 30, 2019) MARCH 2018
MICHIGAN CATASTROPHIC CLAIMS ASSOCIATION 17584 LAUREL PARK DRIVE NORTH, LIVONIA, MI 48152-3982 (734) 953-2779 FAX (734) 953-9511 PUBLIC WEBSITE: www.michigancatastrophic.com ASSESSMENT BULLETIN FOR FISCAL
More informationYour Guide to Tort Coverage
Your Guide to Tort Coverage Personal Auto Injury Insurance 2018 basic auto insurance How this guide can help you If you or a member of your family has been injured in an automobile collision, this guide
More informationBalancing Scheme Reforms
Balancing Scheme Reforms A Wicked Problem Tony Mobbs, Allianz Australia Insurance Limited This presentation has been prepared for the Actuaries Institute 2015 Injury Schemes Seminar. The Institute Council
More informationEssentials. Life Cover
Essentials Life Cover Product Disclosure Statement Issue 1: 2 January 2018 1 Let s Insure Essentials Life Cover Let s Insure Essentials Life Cover is distributed and promoted by Let s Insure which is a
More informationMOTOR INSURANCE PREMIUM, EXCESS, DISCOUNTS & HELPLINE BENEFITS GUIDE
MOTOR INSURANCE PREMIUM, EXCESS, DISCOUNTS & HELPLINE BENEFITS GUIDE 1 This NRMA Insurance Premium, Excess, Discounts & Helpline Benefits Guide should be read with the NRMA Insurance Product Disclosure
More informationAAMI COMPREHENSIVE CAR INSURANCE PREMIUMS, EXCESSES, DISCOUNTS AND CLAIM PAYMENTS GUIDE
AAMI COMPREHENSIVE CAR INSURANCE PREMIUMS, EXCESSES, DISCOUNTS AND CLAIM PAYMENTS GUIDE Your guide to Premiums, Excesses, Discounts and Claim Payments The Premiums, Excesses, Discounts and Claim Payments
More informationPersonal Lines Pricing & Analytics Seminar 2018
Personal Lines Pricing & Analytics Seminar 2018 Tuesday 22 May 2018 1 Affordability of insurance for natural perils Stephen Lau 2 Objective for this presentation Assess the affordability of home insurance
More informationGreen Paper No-Fault Catastrophic Injury Cover. Insurance Commission of Western Australia
Green Paper No-Fault Catastrophic Injury Cover Insurance Commission of Western Australia 22 December 2014 1 Table of Contents Introduction...3 Consideration of the Options...4 Option 1...4 Option 2: universal
More information3. Matters of special interest to the Joint Committee on Statutory Instruments
EXPLANATORY MEMORANDUM TO THE ARMED FORCES AND RESERVE FORCES (COMPENSATION SCHEME) ORDER 2011 2011 No. 517 1. This explanatory memorandum has been prepared by the Ministry of Defence (MOD) and is laid
More informationROAD ACCIDENT FUND BENEFIT SCHEME BILL B (RABS)
1 LAW SOCIETY OF SOUTH AFRICA ROAD ACCIDENT FUND ACT 56 OF 1996 ROAD ACCIDENT FUND BENEFIT SCHEME BILL B17 2017 (RABS) INTRODUCTION The Parliamentary Portfolio Committee on Transport issued an invitation
More informationWhat s on the Horizon for Health Care and Public Benefits. May 8, 2013
What s on the Horizon for Health Care and Public Benefits. May 8, 2013 1 Overview Individual Mandate Federal Exchange Changes to Badgercare Changes to MAPP Future of HIRSP Changes to employer group health
More informationSenate Bill No. 863 WCIRB Cost Monitoring Report 2016 Retrospective Evaluation
November 17, 2016 Senate Bill No. 863 WCIRB Cost Monitoring Report 2016 Retrospective Evaluation 1 Senate Bill No. 863 WCIRB Cost Monitoring Report 2016 Retrospective Evaluation WCIRB California Research
More informationWorker to Worker Claims in Liability Portfolios
Worker to Worker Claims in Liability Portfolios Prepared by Benoit Laganiere (QBE) and Yan Zhao (Ernst & Young) Presented to the Institute of Actuaries of Australia 17 th General Insurance Seminar 7-10
More informationThe real plaintiff lawyer costs in personal injury claims
costs in personal injury Jason Kroeger, SIRA & Kenneth Chua, EY sira.nsw.gov.au Outline Background & Regulation Claims Cost Disclosure Portal Scheme Efficiency Detailed Findings Further Developments Background
More informationAugust 18, Hand Delivered
August 18, 2017 Hand Delivered The Honorable Dave Jones Insurance Commissioner California Department of Insurance 45 Fremont Street, 23rd Floor San Francisco, CA 94105-2204 1221 Broadway, Suite 900 Oakland,
More informationMotor Claims A challenge for the industry. Dr. Nicola Rautmann / Stefan Speer, , Reinsurance EMEA
Motor Claims A challenge for the industry Dr. Nicola Rautmann / Stefan Speer, 15.02.2017, Reinsurance EMEA Longevity of Claims Bodily Injuries Claims Heads 2 Loss of earnings Assistance Bodily Injury Claim
More informationProjections of long term care expenditure
Projections of long term care expenditure Standard Note: SN/SG/3126 Last updated: 6 February 2008 Author: Rachael Harker Social and General Statistics This Note summarises the latest projections of expenditure
More informationBoat Insurance. Your guide to Premiums, Excesses, Discounts and Claim Payments
Boat Insurance Your guide to Premiums, Excesses, Discounts and Claim Payments Your guide to Premiums, Excesses, Discounts and Claim Payments The Premiums, Excesses, Discounts and Claim Payments Guide (PED
More informationABOUT FURZER CRESTANI FORENSIC
ABOUT FURZER CRESTANI FORENSIC Since 1985, Furzer Crestani Forensic has provided a broad range of forensic accounting and related services across a variety of industries. We have been engaged on behalf
More informationAssurance Extra. Assurance Extra. Protecting what s important to you
Assurance Extra Assurance Extra Protecting what s important to you You've worked hard to get where you are today and along the way you are likely to have come to appreciate a number of areas in your life
More informationMotor Vehicle Insurance
Motor Vehicle Insurance Your Guide to Premiums, Excesses, Discounts and Claim Payments The insurer is GIO General Limited ABN 22 002 861 583 AFSL 229873. This product is distributed by Resilium Pty Ltd
More informationOther work related injury claim form
Other work related injury claim form Workers Compensation Act 1987 Use this form to provide additional information if you were injured during a work related journey or during a recess or authorised absence
More informationPublic vs. Private underwriting and administration of personal injury statutory insurance schemes
Public vs. Private underwriting and administration of personal injury statutory insurance schemes Prepared by Dr Andrew Fronsko & Alan Woodroffe Presented to the Actuaries Institute Injury & Disability
More informationGIO Accidental Death Plan
GIO Accidental Death Plan Product Disclosure Statement This product and product disclosure statement are issued by Suncorp Life & Superannuation Limited ABN 87 073 979 530 AFSL 229880 under the brand,
More informationMinisterial Inquiry Into Disclosure of Funding Shortfall in ACC Non-earners Account
Ministerial Inquiry Into Disclosure of Funding Shortfall in ACC Non-earners Account February 2009 Michael Mills Preface This report has been prepared for the Minister of Finance by Michael Mills from
More informationGIO Workers Compensation Northern Territory Claim form for injury on the journey
GIO Workers Compensation Northern Territory Claim form for injury on the journey Employer name: Claim number: Please attach medical certificates and reports if available. Please print in block letters
More informationCARAVAN & TRAILER INSURANCE PREMIUM, EXCESS, DISCOUNTS & HELPLINE BENEFITS GUIDE
& TRAILER INSURANCE PREMIUM, EXCESS, DISCOUNTS & HELPLINE BENEFITS GUIDE 1 Depending where your caravan or trailer is kept, this NRMA Caravan & Trailer Insurance Premium, Excess and Discount Guide should
More informationCLAIMS GUIDE Facility Association Residual Market (FARM)
February 2015 CLAIMS GUIDE Facility Association Residual Market (FARM) The Residual Market (FARM) Claims Guide has been revised effective April 1, 2015. Changes to the Guide include: Addition of Facility
More informationFBD HOLDINGS PLC 4 TH I N T E R I M R E S U L T S A U G U S T
1 FBD HOLDINGS PLC 2 0 1 7 I N T E R I M R E S U L T S A U G U S T 4 TH 2 Forward looking statements This presentation contains certain forward-looking statements. Actual results may differ materially
More informationMeasuring Unemployment Some Key Terms
Measuring Unemployment Some Key Terms Claimant Count (JSA) Labour Force Survey (LFS) The number of people officially claiming unemployment- related benefits must be actively seeking work All those actively
More informationTAC Claims Management Transformation
TAC Claims Management Transformation Prepared by Natalie Pocock, Sophie Holdenson and David Gifford Presented to the Institute of Actuaries of Australia Accident Compensation Seminar 20-22 November 2011
More informationFinancial protection for you and your family
KEY GUIDE Financial protection for you and your family Protecting what matters most Life and health insurance protection underpins most good financial planning. These types of insurance can ensure that
More informationMUTUAL OF OMAHA INSURANCE COMPANY MUTUAL OF OMAHA PLAZA, OMAHA, NE
MUTUAL OF OMAHA INSURANCE COMPANY MUTUAL OF OMAHA PLAZA, OMAHA, NE 68175 1-877-894-2478 INDIVIDUAL LONG-TERM CARE INSURANCE OUTLINE OF COVERAGE FOR POLICY SERIES LTC13 TAX-QUALIFIED NOTICE TO BUYER: This
More informationmade under the INSURANCE ACT
Français ONTARIO REGULATION 251/15 made under the INSURANCE ACT Made: August 25, 2015 Filed: August 26, 2015 Published on e-laws: August 27, 2015 Printed in The Ontario Gazette: September 12, 2015 Amending
More informationFIS-PUB 0077 (6/15) Number of copies printed: 10,000 / Legal authorization to print: PA 145 of 1979 / Printed on recycled paper
DIFS is an equal opportunity employer/program. Auxiliary aids, services and other reasonable accommodations are available upon request to individuals with disabilities. FIS-PUB 0077 (6/15) Number of copies
More informationYOUNG DRIVERS INDEX SEPTEMBER A bi-annual vehicle maintenance index for young people by
YOUNG DRIVERS INDEX SEPTEMBER 2018 A bi-annual vehicle maintenance index for young people by Young Drivers: The annual cost of running a car Key Statistics Annual cost of running a car for 17-24-year-old
More informationAllowable Expenses. Assigned Claims Facility. Attendant Care. Adjuster. Case Manager. Catastrophic Injury. Causation.
The following list defines various words/lingo used throughout this website, by No-Fault adjusters and insurance company, and by attorneys specializing in the No-Fault law. Allowable Expenses Assigned
More informationActuarial Highlights FARM Valuation as at December 31, Ontario Alberta. Facility Association Actuarial 11/9/2012
FARM Valuation as at December 31, 2011 Ontario Alberta Facility Association Actuarial 11/9/2012 Contents A. Executive Summary... 3 B. General Information... 7 B.1 Transition to Hybrid Model for Actuarial
More informationNEW YORK STATE WORKERS COMPENSATION BOARD ASSESSMENTS
Consulting Actuaries NEW YORK STATE WORKERS COMPENSATION BOARD ASSESSMENTS A DISCUSSION OF ASSESSMENTS AND RECENT INCREASES IMPACTING EMPLOYERS APRIL 2013 AUTHORS Scott J. Lefkowitz, FCAS, MAAA, FCA Steven
More informationColorado Workers Compensation 2003 Closed Claim Study
Colorado Workers Compensation 2003 Closed Claim Study The 2003 Closed Claim Study has reviewed approximately 8,550 closed claims with permanency from 49 commercial carriers and from 62 self insurers. This
More informationOptional medical rehabilitation and attendant care benefits will be available up to for. monthly attendant care maximum will remain at 6 000
SHILLINGTONS LA ERS INSURANCE LAW BULLETIN November 17 2015 By Rose Bilash MORE PLANNED CHANGES TO THE STATUTORY ACCIDENT BENEFITS SCHEDULE The information below is provided as a service by Shillingtons
More informationCash benefits to help cover expenses that
Critical Accident Direct Cash benefits to help cover expenses that result from a serious accident DID YOU KNOW? 7 in 10 workers say they could not cover normal living expenses for more than 6 months without
More information