Workcover Vic: positive half year results

VWA press

Workcover Victoria recently released their half yearly statistics on the number of workers injured and killed in 2013 and its overall very healthy financial position, with a net result of $679 million, and, interestingly, with $119 million made from “performance from insurance operations”.

According to Safework ‘statistics’, fewer workers were killed on the job, but still one worker dies every two days and a record low injury rate of 7.51 claims per million hours worked (as at 31 Dec 2013). WorkCover Vic also states in its press release that more injured workers are returning to work, although no statistics were provided. Figures also reveal a net result of $679 million, with $119 million made from “performance from insurance operations”, which is attributed to management control, including operational costs and the workcover Vic’s ability to “manage claims effectively”.

One worker dies every two days

SafeWork Australia’s latest worker fatality figures shows that 55 people have been killed on the job this year (as at 17 April), but which still equates to the death of one worker every two days. At the same time last year 62 workers had been killed at work.

Transport and  postal & agriculture sectors accounted for the most worker deaths (24) this year, followed by agriculture, forestry & fishing (12) and the mining (6) sectors.

For more details, visit WorkSafe Vic’s website: http://www.safeworkaustralia.gov.au/sites/swa/statistics/work-related-fatalities/pages/worker-fatalities

Fewer Victorian workers injured at work

The half-yearly results of the Victorian WorkCover Authority (VWA) show that fewer Victorian workers are  injured at work.

According to its chief executive, Denise Cosgrove “Victoria achieved a record low injury rate of 7.51 claims per million hours worked at 31 December 2013, down from 7.72 at 30 June 2013, building on the record safety results recorded in 2012/13″. She also stated that more Victorian workers were returning to work after a workplace injury and the average injury insurance premium rate (1.298%) continues to be the “lowest rate in Australia”.

The alleged increase in workers returning to work is undoubtedly connected with the VWA’s system of claims management and subsequently substantial financial achievements.

Profit

The the VWA published an overall net result of $679 million, with $119 million made from “performance from insurance operations”. This figure is particularly worth noticing, as it is attributed to management control, including operational costs and the VWA’s ability to “manage claims effectively”.

“Maintaining control of operational costs and claims liabilities is always a challenge, so it is pleasing to see that we have been able to deliver another positive result in this area,” Ms Cosgrove said.

Read between the lines!
More  information on the Victorian Workcover Authority’s half-yearly results can be viewed online : http://worksafenews.com.au/component/k2/item/363-vwa-announces-positive-half-yearly-results.html

 



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3 Responses to “Workcover Vic: positive half year results”

  1. Wow,

    So now it’s exactly what it was always meant to be. A money making operation delivered from the backs of injured workers. My god am i the only one amoungst a few that can see this?. Employers should be asking if they are making so much money why are my premiums so high?. Injured workers have always known about the low handed tricks insurance agents use to either deny claims or make it difficult for injured workers to get what they need to really return to work the right way. And yet only victims that have been abused by the system know what it’s all about! Go figure

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    • Fish face is good at sprouting her bullshit then again the puppet is saying what every one wants to hear saving the state money.Fish face is your typical piece of shit bureaucrat justifying her existence existence at the cost of the injured worker .

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      Johnny rotten May 31, 2014 at 7:30 am
      • I’m really surprised that Fish Face was not included in the Queensland shark control program! http://www.daff.qld.gov.au/fisheries/services/shark-control-program

        BTW Workcover I LOL at you, it “seems” that many injured workers returned to work because you simply stopped payments and put them off the system, it doesn’t mean that injured workers aren’t still suffering or are relying on Centrelink pension support!

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        Xchangingvictim May 31, 2014 at 10:12 am