A key efficiency measure is that the benefits or payments going to workers and the payments made on
their behalf which contribute towards their recovery remain high relative to total costs. In this
metric the total expenditure has been divided
into the following three categories: 1. benefits paid directly to workers (e.g. weekly
payments, common law and S66, death benefits, commutations and miscellaneous payments) 2.
benefits paid for services for workers’ recovery and RTW
(e.g. medical costs, allied health services e.g. rehabilitation payments to support of claimants)
3. insurer expenses (includes administration and operating expenses, regulatory costs,
investigations, insurers’ legal fees etc).
In 2015, the NSW workers compensation system
adopted a new file and write premium system that
requires licensed insurers to file their proposed premiums with SIRA
prior to the policy renewal period. As a result of the change in the premium system, SIRA is only
able to supply this data for the financial years 2015/16 and 2016/17.