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Australia
AU 462157 | Enterprise Profile

VIC Managed Insurance Authority

IW
IBISWorld Research Department
Analyst Australia

VIC Managed Insurance Authority is a Government Body that generates the majority of its income from the General Insurance industry. In 2023 the company generated total revenue of $1,190,619,000 including sales and other revenue. In 2023 VIC Managed Insurance Authority had 245 employees including employees from all subsidiaries under the company's control. The Chief Executive of VIC Managed Insurance Authority is Mr Andrew Davies whose official title is Chief Executive Officer. The Chairman of VIC Managed Insurance Authority is Ms Helen Silver whose official title is Chairperson. The Victorian Managed Insurance Authority fulfills the following functions: Assist departments and participating bodies to establish programs for the identification, quantification and management of risks. Monitor risk management by departments and participating bodies. Act as an insurer for, or provide insurance services to departments and participating bodies. Provide insurance or indemnities to persons or bodies as required. Provide risk management advice to the State and risk management advice and training to departments and participating bodies Carry out such other functions as are conferred on it by the Victorian Managed Insurance Authority Act 1996, or any other Act.

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What's included in this industry analysis

IBISWorld's research coverage on the VIC Managed Insurance Authority includes market sizing, forecasting, data and analysis. The most recent publication will be as current as of March 2026.

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Company Details

What’s this enterprise profile about?

VIC Managed Insurance Authority, trading as VIC Managed Insurance Authority, operates under the ABN 39 682 497 841 and was incorporated on 01 January 1996. VIC Managed Insurance Authority primarily operates in the General Insurance industry in Australia.

Key Personnel

What’s included in the Key Personnel chapter?

The Key Personnel chapter outlines the principal leadership positions within VIC Managed Insurance Authority, including the Chairman, Board members, Chief Executive Officer, and other key management personnel. It provides an overview of the company’s governance and executive structure, along with a breakdown of gender diversity across leadership roles, offering insight into the composition of the organisation’s senior team.

Financials

What’s included in the Financials chapter?

The Financials chapter presents VIC Managed Insurance Authority’s historical financial performance, including detailed profit and loss statements outlining sales revenue, cost of sales, and profitability. It also incorporates balance sheet data, providing a breakdown of assets and liabilities, as well as additional financial metrics such as the number of shares on issue. Together, these disclosures offer a comprehensive view of the company’s financial position and performance over time.

Growth & Ratios

What’s included in the Growth & Rations chapter?

The Growth & Ratios chapter provides historical data on key financial performance indicators, enabling an assessment of the company’s operational efficiency, profitability, and financial structure over time. Metrics covered include return on equity, return on assets, profit margins, revenue per employee, as well as gearing and leverage ratios, offering a comprehensive view of performance trends and capital management.

Operating Segments

What’s included in the Operating Segments chapter?

The Operating Segments chapter provides an overview of the revenue composition and asset allocation across the various industries in which VIC Managed Insurance Authority operates. It offers insights into how the company’s financial performance is distributed among its core business segments, highlighting the relative contribution of each industry to total revenue.

Competitor Benchmarking

What’s included in the Competitor Benchmarking chapter?

The Competitor Benchmarking chapter includes a comparative assessment of VIC Managed Insurance Authority’s key financial, growth, and valuation ratios against industry averages to evaluate its competitive position. It analyses valuation metrics such as price-to-earnings, price-to-book, enterprise value to EBITDA, and enterprise value to sales, alongside core financial indicators including liquidity ratios and profitability measures.

Shareholders

What’s included in the Shareholders chapter?

The Shareholders chapter provides a breakdown of the ownership structure of VIC Managed Insurance Authority, identifying key shareholders and outlining their respective ownership interests. This section offers insight into the concentration of shareholdings, the presence of institutional or strategic investors, and the overall distribution of equity within the company.

Subsidiaries

What’s included in the Subsidiaries chapter?

The Subsidiaries chapter provides an overview of the companies and business entities that are wholly or partially owned by VIC Managed Insurance Authority. It outlines the ownership structure of each subsidiary, offering insight into the broader corporate group and how these entities contribute to the company’s overall activities and performance.

History

What’s included in the History chapter?

The History chapter presents a overview of VIC Managed Insurance Authority’s development, highlighting key milestones and significant corporate events since its incorporation. It includes the company’s incorporation date and outlines major strategic, operational, and structural developments, providing context for its evolution and current market position.

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Frequently Asked Questions

What is VIC Managed Insurance Authority?

The Victorian Managed Insurance Authority fulfills the following functions: Assist departments and participating bodies to establish programs for the identification, quantification and management of risks. Monitor risk management by departments and participating bodies. Act as an insurer for, or provide insurance services to departments and participating bodies. Provide insurance or indemnities to persons or bodies as required. Provide risk management advice to the State and risk management advice and training to departments and participating bodies Carry out such other functions as are conferred on it by the Victorian Managed Insurance Authority Act 1996, or any other Act.

What industry does VIC Managed Insurance Authority operate in?

VIC Managed Insurance Authority, trading as VIC Managed Insurance Authority, is a Private Company that generates the majority of its income from the General Insurance industry in Australia.

Where is VIC Managed Insurance Authority located?

Murray Cod Australia Limited company is based at 161 Collins Street, Melbourne, Victoria, Australia.

Who is the CEO of VIC Managed Insurance Authority?

The Chief Executive Officer of VIC Managed Insurance Authority is Helen Silver and the Chief Executive Officer is Andrew Davies.

What was VIC Managed Insurance Authority’s revenue in 2025?

In 2025, VIC Managed Insurance Authority generated total revenue of approximately $1.2 billion.

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