Icare (insurance)
# Icare (insurance)

icare is a state-run, insurance corporation. It is owned by the New South Wales Government.

Its primary purpose is to provide workplace injury insurance.

## History

It was formed in September 2015 through the commencement of the State Insurance and Care Governance Act

It succeeded the since-abolished WorkCover Authority of New South Wales. This followed a recommendation that WorkCover have its insurance and workplace safety investigation roles separated.

In 2020 a joint investigation by ABC News and The Age found that the organization was losing hundreds of millions of dollars per year, and had serious mismanagement issues.

## Governance

Its board is accountable to the Treasurer of NSW, who appoints the board and CEO.

