May 31, 2026 – 4.07pmCuts to workers compensation schemes to reduce pressure on state budgets and premiums paid by businesses could simply be shifting costs on to insurance, Australia’s leading claims manager has warned.EML has warned that reforms in states including Victoria and NSW to reduce the cost of psychosocial injury claims are adding to cost pressures and fee increases for insurance purchased through superannuation and creating risks for both industries.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
National push to tighten workers’ comp risks super insurance crisis
Mental health claims on income protection insurance are surging. Claims managers and insurers think workers compensation cuts are adding to the burden.
TL;DRAI
EML warns NSW and Victoria workers' comp reforms on psychosocial claims are pushing costs onto superannuation-linked insurance, driving fee increases across both industries. Siloed cost-cutting in one scheme creates cascading premium exposure in adjacent coverage pools — a cross-portfolio risk CFOs and risk leads must model explicitly.
92 words~1 min read
