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icare changes hit more than 400 jobs: union

Workers’ compensation scheme reforms in NSW have affected about 430 general insurance industry jobs so far, according to the Finance Sector Union.

The union’s National Industrial Officer Angela Budai told insuranceNEWS.com.au figures are still being assessed and the final number may not be known until all data is available.

The government-owned administrator, Insurance and Care NSW (icare), has appointed EML as the sole agent for new claims from January 1. Ms Budai says this will mean the hiring of staff by EML even as CGU, QBE, GIO and Allianz prepare to end their involvement.

GIO and Allianz will continue providing services as transition agents, but CGU and QBE will cease their services this year.

EML did not respond to an enquiry from insuranceNEWS.com.au about the number of employees it will hire.

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