NSW insurer issues RFP for Treasury managed fund

NSW care and insurance provider icare has issued a request for proposal (RFP) for claims management services for the Treasury managed fund (TMF) workers’ compensation portfolio.

The move comes as contracts for TMF claims management with EML, Allianz, and QBE are set to expire at the end of the year.

icare’s Insurance for NSW is the largest public sector-managed fund scheme in Australia and via TMF, provides asset and liability protection. This includes workers’ compensation insurance to 193 public sector agencies and their 329,000 workers and 82,000 volunteers across the state.

The RFP closes on July 02, with the contract set to be awarded in late 2019.