Insights
There is always something exciting happening at Lockton. Here are just a few from our newsroom.
NSW Workers’ Compensation 2023-24: looking beyond the average 8% increases
Icare, the operator and provider of the NSW Government’s workers’ compensation scheme, has released premium details for the 2023/2024 period. Whilst the news is not as catastrophic as in Victoria, there is no hiding the fact that the news will place …
Victorian 2023-24 Premium Changes: A Deeper Dive
Recent headlines in the workers’ compensation world have all been about the increase in the Average Industry Rate in Victoria (42%). The average premium rate for 2023-24 is 1.8% of the state’s rateable remuneration. This has been significant news for …
How parametric insurance is building organisational resilience for the next pandemic
More pandemics will occur Every year there are on average 200 epidemic outbreaks and five new emerging infectious diseases reported. Many people still incorrectly refer to major disease outbreaks as Black Swan events. This categorisation ignores the …
Workers compensation changes: VIC employees and employers set to pay for “broken” system
When it comes to the government managed fund states, workers’ compensation outcomes are not only influenced by insurance factors, but by political factors. And in March 2023, the Victoria Government declared their WorkCover scheme was fundamentally …
Leading through change: workers’ compensation educational guide in times of change and tra …
We’ve been listening to organisations. Many professionals with workers’ compensation responsibility are feeling overwhelmed. With increasing instability across jurisdictions and some insurance partners exiting markets altogether, many organisations f …
Why absence management should be top of mind for HR professionals | HR Leader podcast
In a podcast interview with HR Leader, Emma Musgrave spoke to Morag Fitzsimons, National Manager of Employee Care at Lockton on the benefits of putting absence management front and centre – and the risks that come with not having effective measures t …
