Who we are
The Victorian Managed Insurance Authority (VMIA) provides risk and insurance services to protect Victoria's assets and minimise losses from adverse events.
Established on 1 October 1996 under the Victorian Managed Insurance Authority Act 1996, we are a statutory authority that reports to the Department of Treasury and Finance.
We offer support and advice in strategic and operational risk management and insurance products, tailored to meet the specific needs of individual clients.
Our clients sit primarily within the general government and public health care sectors and include departments, statutory authorities, agencies, infrastructure, rail operations, hospitals, health centres, community service organisations, medical research bodies, tertiary institutions, cemetery trusts, national parks, galleries, museums and event bodies.
The functions of the VMIA include to:
- assist State Government departments and participating bodies (as defined under the Act) 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 indemnities to persons who are or have been officers of a State company or statutory authority, against liabilities that by law may attach to those persons as such officers or former officers.
- provide risk management advice to the State and to provide risk management advice and training to departments and participating bodies.
