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.
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