CEO Andrew Horton reinforced the critical nature of cyber risks for contemporary businesses, citing the rapid evolution in this domain. Addressing an audience of 50 brokers, Horton emphasized QBE's commitment to adapting its cyber offerings to meet ever-changing market demands, partly through investments via QBE Ventures.
The insights event brought together QBE leaders and industry specialists to explore perspectives on market trends, risk management, and the trajectory of cyber threats. One significant initiative is QBE's global cyber insurance policy, QCyberProtect, launched in July last year, aimed at offering comprehensive protection in a volatile cyber landscape.
Sue Houghton, CEO of QBE Australia Pacific, reiterated the company's dedication to establishing itself as a long-term significant player in the demanding cybersecurity environment. She noted that local teams, fortified by QBE's extensive global network, provide partners with confidence that their customers are in experienced hands.
A panel discussion featuring QBE's Dominic Keller, Home Affairs representative Ashley Bell, Insurance Council executive Alexandra Hordern, and Ashurst's John Macpherson delved into the complexities of new regulatory requirements and the likely impact of artificial intelligence in bolstering resilience measures.
Serene Davis, QBE's global head of cyber, pointed out the intricacies of managing cyber risks and highlighted the firm's efforts to make these challenges more comprehensible. Davis emphasized QBE's objective of enabling brokers to effectively communicate with their clients and ensure they receive appropriate coverage with the support of technology-driven solutions.
Published:Monday, 26th May 2025
Source: Paige Estritori
![]() | Footballer's Injury Claim Denied by AFCA Due to Policy Limitations 30 May 2025: Paige Estritori A female football player has faced disappointment after her claim for physiotherapy expenses was denied by her insurer, AIG Australia. The athlete's claim was linked to a disorder in her right ankle, identified as osteochondritis dissecans after doctors conducted an X-ray. - read more |
![]() | NSW Premier Urges Speedy Action on Flood Claims as Industry Expands Support 30 May 2025: Paige Estritori The New South Wales Premier, Chris Minns, is urging insurance companies to expedite the processing of flood claims as the number of affected policyholders grows. In response to the ongoing natural disaster, the insurance industry has opened a second hub to provide assistance. - read more |
![]() | Insurer Ordered to Refund GAP Premium After Unfair Sale 28 May 2025: Paige Estritori A significant decision has been made as an insurer, Eric Insurance, is required to refund a consumer for a Guaranteed Asset Protection (GAP) policy deemed unfairly sold 13 years ago. The policy stemmed from a $31,000 vehicle loan, and the consumer argued that misleading practices influenced this purchase. - read more |
![]() | Acenda Extends Premium Relief to Customers Affected by NSW Floods 28 May 2025: Paige Estritori In response to the severe flooding in New South Wales, Acenda has rolled out a suite of supportive measures for its customers. The life insurer's initiatives aim to mitigate the financial burden faced by affected individuals and families during this challenging period. - read more |
![]() | QBE Amplifies Cybersecurity Initiatives in Response to Rising Threats 26 May 2025: Paige Estritori In an era where cyber threats are intensifying and regulatory demands are escalating, insurance giant QBE is significantly enhancing its support for brokers and their clientele. This decisive action was highlighted at a recent cyber insights event held in Sydney. - read more |
![]() | Rising Life Insurance Coverage Highlights Persistent Knowledge Gap 23 May 2025: Paige Estritori New findings from NobleOak reveal an upward trend in life insurance coverage among Australians, alongside a persistent gap in understanding of fully underwritten policies. According to the NobleOak Life Insurance Pulse Report, 60% of Australians aged 30 to 60 now hold life insurance, a noticeable increase from 55% the previous year. - read more |
![]() | Protecting Your Farming Future: Why Machinery Breakdown Coverage is Essential Farming is a vital part of New Zealand's economy and cultural heritage, representing a way of life for thousands across the country. With its unique landscapes and diverse climate, New Zealand farmers are renowned for producing a wide array of high-quality products that serve not only the nation's needs but also supply a multitude of international markets. - read more
|
![]() | Natural Disaster Preparedness: Insurance Tips for Farmers Facing Adversity In the heart of New Zealand's pastoral verdure, the significance of preparedness for natural disasters is paramount for the farming industry. The distinct landscape, while providing an idyllic backdrop for agricultural pursuits, is not without its challenges. Farmers are often at the mercy of nature's unpredictability, making disaster preparedness not just prudent but essential for the continuity of their livelihood. - read more
|
![]() | Customizing Your Farm Insurance: Tailoring Policies to Fit Unique Agricultural Needs Those who work the land know that every farm has its own heartbeat - its unique rhythm defined by the crops it yields, the livestock it nurtures, and the natural environment it exists within. Recognizing this individuality is crucial, especially when it comes to safeguarding your agricultural investment with the right insurance policy. - read more
|
![]() | Securing Your Farm's Future: Top Estate Planning Tips for New Zealand Farmers New Zealand's farming community forms the backbone of its thriving agricultural sector, yet many overlook the critical importance of proactive estate planning. With farmland often being held within families for generations, securing its future is not just a financial concern, but a deeply personal one as well. - read more
|
![]() | Effective Risk Management Plans Every Farm Owner Should Implement Managing a farm involves juggling many uncertainties and potential risks. Risk management in farming refers to the process of identifying, assessing, and prioritising risks associated with agricultural activities. Effective risk management ensures that farmers can handle obstacles and continue their operations smoothly. - read more
|
![]() | When the Rain Doesn't Come: Financial Planning Tips for Persistent Drought For farmers across rural Australia, the unyielding dry spells brought on by persistent drought conditions are not just an environmental concern but a significant financial challenge. Effective financial planning becomes a cornerstone strategy for ensuring the resilience and longevity of these crucial agricultural businesses. The prickling heat and parched earth serve as stark reminders of nature's capacity to impact livelihoods, especially when the rain doesn't grace the farmlands for extended periods. - read more
|
![]() |
Protecting Your Farming Future: Why Machinery Breakdown Coverage is Essential Farming is a vital part of New Zealand's economy and cultural heritage, representing a way of life for thousands across the country. With its unique landscapes and diverse climate, New Zealand farmers are renowned for producing a wide array of high-quality products that serve not only the nation's needs but also supply a multitude of international markets. - read more
|
![]() |
Natural Disaster Preparedness: Insurance Tips for Farmers Facing Adversity In the heart of New Zealand's pastoral verdure, the significance of preparedness for natural disasters is paramount for the farming industry. The distinct landscape, while providing an idyllic backdrop for agricultural pursuits, is not without its challenges. Farmers are often at the mercy of nature's unpredictability, making disaster preparedness not just prudent but essential for the continuity of their livelihood. - read more
|
![]() |
Customizing Your Farm Insurance: Tailoring Policies to Fit Unique Agricultural Needs Those who work the land know that every farm has its own heartbeat - its unique rhythm defined by the crops it yields, the livestock it nurtures, and the natural environment it exists within. Recognizing this individuality is crucial, especially when it comes to safeguarding your agricultural investment with the right insurance policy. - read more
|