ANU Workers Compensation Losses 2022

Workers’ compensation provides cash and medical benefits to workers who are injured or become ill in the course of their employment and provides cash benefits to the survivors of workers killed on the job. In workers’ compensation systems, covered workers are entitled to medical care for their covered injuries or illnesses, and disability benefits to partially replace lost wages. In addition, the survivors of a worker who dies as a result of a covered injury or illness are provided benefits. In general, any injury, illness, or death that arises out of a person’s employment is covered. To get a sense of the size of this obligation, the 2020 ANU annual report (page 97) lists the current liability provision for workers’ compensation to be 2.588 million AUD and the non-current liability provision to be 21.638 million AUD. This loss data set ranges from January 2017 to September 2019. A more detailed description of the data and ANU's risk management context is available at Frees and Butt (2022), "ANU insurable risks," Australian National University Open Research Library, https://doi.org/10.25911/0SE7-N746.
Type
collection
Title
ANU Workers Compensation Losses 2022
Collection Type
Dataset
Access Privileges
Research School of Finance, Actuarial Studies & Statistics
DOI - Digital Object Identifier
10.25911/y8a3-t990
Metadata Language
English
Data Language
English
Full Description
Workers’ compensation provides cash and medical benefits to workers who are injured or become ill in the course of their employment and provides cash benefits to the survivors of workers killed on the job. In workers’ compensation systems, covered workers are entitled to medical care for their covered injuries or illnesses, and disability benefits to partially replace lost wages. In addition, the survivors of a worker who dies as a result of a covered injury or illness are provided benefits. In general, any injury, illness, or death that arises out of a person’s employment is covered. To get a sense of the size of this obligation, the 2020 ANU annual report (page 97) lists the current liability provision for workers’ compensation to be 2.588 million AUD and the non-current liability provision to be 21.638 million AUD. This loss data set ranges from January 2017 to September 2019. A more detailed description of the data and ANU's risk management context is available at Frees and Butt (2022), "ANU insurable risks," Australian National University Open Research Library, https://doi.org/10.25911/0SE7-N746.
Contact Email
Edward.Frees@anu.edu.au
Principal Investigator
Edward Frees
Collaborators
Adam Butt
Fields of Research
350206 - Insurance studies
Socio-Economic Objective
280106 - Expanding knowledge in commerce, management, tourism and services
Keywords
insurance, risk management, actuarial studies
Type of Research Activity
Applied Research
Date Coverage
2019
2017
Year of data publication
2022
Creator(s) for Citation
Frees
Edward
Butt
Adam
Publisher for Citation
The Australian National University Data Commons
Publications
10.25911/0SE7-N746
Frees and Butt (2022), "ANU insurable risks," Australian National University Open Research Library, https://doi.org/10.25911/0SE7-N746
ANU insurable risks
Related Websites
Open Actuarial Textbooks
https://OpenActTexts.github.io/
Access Rights
Open Access
Access Rights Type
Open
Rights held in and over the data
Creative Commons Licence CC BY is assigned to this data. Details of the licence can be found at https://creativecommons.org/licenses/by/4.0/
Licence Type
CC-BY - Attribution
Extent or Quantity
1 file
Data Size
1.98 KB
Data Management Plan
No

Download data files

Number of files: 1

Size: 1.98 KB

Identifier: anudc:6168

Status: Published
Published to:
  • Australian National University
  • Australian National Data Service
Related items