Victorian Managed Insurance Authority 2025-26 annual report
Summary
The report's own summary: Report from the Chair and CEO, pages 5 to 6
Generated summary: written by an AI model from the report text and checked against the cited pages.
The Victorian Managed Insurance Authority reported for 2025–26 on its work as Victoria’s government insurer and risk adviser.
VMIA reported that it supported clients affected by bushfires and flooding through risk intelligence, claims management and financial relief.
VMIA reported expanding its patient safety program and funding targeted projects at 10 health services.
VMIA reported an operating surplus of $347.0 million and an insurance funding ratio of 130.3%.
In the body's own words
- Conclusion
VMIA had an operating surplus of $347.0 million for the 2025–2026 year.
Finances 1
Net result
$346,959 thousand
Printed as
Net result 346,959 118,060
Staff 2
Number of employees at end of year
208 people
Printed as
Number of employees at end of year3 208 244 242 255 223
Number of full-time equivalent employees at end of year (FTE)
200.8 FTE
Printed as
Number of full-time equivalent employees at end of year (FTE)3 200.8 235.0 233.1 245.7 213.4
Executives and remuneration 4
Accountable Officers
$500,000 – $599,999
Printed as
Accountable Officers $500,000 – $599,999 1 1
Total number of VMIA officers with executive responsibility
6 people
Printed as
Total number of VMIA officers with executive responsibility 6 7
Total remuneration
$1,784 thousand
Printed as
Total remuneration 1,784 2,287
Total compensation
$2,797 thousand
Printed as
Total compensation 2,797 3,209
Consultancies 17
Aster Advisory Pty Ltd
$17,000
Printed as
Contract advisory 27,287 17,000 10,287
Atlas Counsel Pty Ltd
$46,600
Printed as
Legal advice 46,600 46,600 0
Charter Keck Cramer
$18,600
Printed as
Development Advisory services 18,600 18,600 0
Dott Group Pty Ltd
$21,600
Printed as
Capability framework implementation 21,600 21,600 0
Executive Impact Consulting Pty Ltd
$17,500
Printed as
Advisory work on the State risk assessment and emerging risks review 17,500 17,500 0
Indigenous Cultural Connections Pty Ltd
$29,600
Printed as
Indigenous cultural connections RAP package 29,600 29,600 0
KPMG
$17,625
Printed as
Financial Accounting support 17,625 17,625 0
KPMG
$12,692
Printed as
Technical Accounting advice 12,692 12,692 0
KPMG
$59,800
Printed as
Development and delivery of Business Continuity and Crisis Management training 59,800 59,800 0
Landell Consulting
$39,915
Printed as
Procurement support 86,960 39,915 47,045
Lander & Rogers
$14,210
Printed as
Legal advice 14,210 14,210 0
Peckvonhartel Group Pty Ltd
$17,480
Printed as
Office Refurbishment Procurement support 20,000 17,480 2,520
Procurement Co Pty Ltd
$31,563
Printed as
Probity services 62,928 31,563 31,365
Purple People Consulting
$20,000
Printed as
Support in structuring strategy for Health and Government Practices 20,000 20,000 0
Scyne Advisory Pty Ltd
$38,950
Printed as
Agreed upon procedures review 38,950 38,950 0
Scyne Advisory Pty Ltd
$44,777
Printed as
Executive Cyber Training and Simulation Exercise 44,777 44,777 0
The total expenditure was $539,129
$539,129
Printed as
The total expenditure was $539,129, excluding GST
About the document
- Edition
- Current edition
- Reading status
- Read by OPAX
- Pages
- 60
- Figures not found in the report
- Employee expenses; Executive band; Total expenses; Total income