The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair market place and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere. 

NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 155,000 policyholders, with more than $2 billion in annual premium and $18 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding. 

In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 61,000 New York employers. In 2018, NYSIF added Paid Family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.

Consulting

Insurance

New York State Insurance Fund (NYSIF)

New York State Insurance Fund (NYSIF)'s headquarters in New York, NY, United States

This department focuses on designing, building, and maintaining software applications.

Software Development

The Information Technology Specialists team at the New York State Insurance Fund (NYSIF) is responsible for managing and optimizing the organization's IT infrastructure, ensuring the security and availability of data systems that support workers' compensation and disability benefits operations. This team handles various technological functions, including systems administration, software development, network management, and support for IT equipment, all while providing efficient and reliable services to enhance the overall effectiveness of NYSIF's mission. Their expertise enables NYSIF to maintain a competitive edge in the insurance market by leveraging technology for improved service delivery to policyholders and injured workers.

Information Technology Specialists

The Human Resources and Administrative Support team at NYSIF is responsible for managing employee relations, recruitment, and workforce development to ensure a skilled and motivated workforce. They also provide essential administrative support across the organization, focusing on compliance, data privacy, and security, while facilitating effective case management and claims processing to optimize the service delivery for policyholders and injured workers. This team plays a crucial role in fostering a supportive work environment that aligns with NYSIF's mission to provide accessible and affordable workers’ compensation coverage.

Human Resources and Administrative Support

This department manages and supports the organization's technology infrastructure and software systems.

Information Technology

This department is responsible for evaluating and assessing risks to determine insurance coverage and pricing.

Underwriting Department

The Finance and Investment Analysis team at NYSIF is responsible for managing the organization's financial health and investment portfolio. This includes conducting in-depth analysis of investment opportunities, assessing credit risks, and ensuring compliance with sustainable investing practices. The team works collaboratively to optimize investment strategies that support NYSIF's mission of maintaining solvency while providing affordable workers’ compensation and disability benefits.

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Other teams

Information Technology Specialists

Human Resources and Administrative Support

Information Technology

Underwriting Department

Finance and Investment Analysis