Established by the Victorian Managed Insurance Authority Act 1996 [PDF, 169KB], VMIA has the strategic dual role of providing risk management and insurance to government departments and authorities.

VMIA was established to:

  • 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 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 other such functions as conferred by the Victorian Management Insurance Act 1996, or any other Act.