QBE launches global cyber coverage
Authored by QBE
QBE Insurance, a global insurer operating in 27 countries, unveiled QCyberProtect, a comprehensive and globally consistent cyber policy designed to enhance cyber resilience for a broad range of clients worldwide.
QCyberProtect provides tailored coverage for losses arising from current and emerging cyber risks, including, but not limited to, network security, privacy liability, IT and non-IT business interruptions and reputational loss.
“Strategic investments in our cyber capabilities have strengthened our ability to shield our clients from the most pressing cyber threats,” said Andrew Horton, Group CEO of QBE Insurance. “This offering highlights our commitment to delivering globally consistent and practical solutions that address the ever-evolving cyber risks our customers face around the world.”
QCyberProtect provides cyber insurance for a range of organisations, from mid-sized companies relying on fully outsourced IT departments to global corporations with complex large-scale IT systems.
“QBE’s global cyber policy is supported by a network of highly skilled cyber experts and strategic partners to ensure world-class coverage and service,” said Serene Davis, QBE Global Head of Cyber. “We are providing our customers with the comprehensive coverage and services they need to navigate end-to-end cybersecurity issues.”
Along with its global cyber insurance coverage, QBE is also implementing QCyberPrepare. Available in many locations around the world, QCyberPrepare is a cyber saferoom where cyber customers can launch their incident response plan in a secure platform with secure messaging. This risk management tool empowers organisations to be connected, confident and in control before, during and after a cyber crisis.
QCyberProtect is currently available in Australia, Hong Kong, Malaysia, Netherlands, Singapore, Sweden, UAE, United Kingdom, United States and Vietnam and will be launching in additional countries throughout the year.
Fo mre information about QCyberProtect visit qbe.com. Contact your regional underwriter for more information regarding appetite.
About QBE
QBE European Operations is part of QBE Insurance Group, one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2018 was US$13.7 billion.
As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty and motor to the specialist financial lines, marine and energy. All are tailored to the individual needs of our small, medium and large client base.
We understand the crucial role that effective risk management plays in all organisations and work hard to understand our clients’ businesses so that we offer insurance solutions that meet their needs – from complex programmes to simpler e-trading solutions – and support them in minimising their risk exposures. Our expert risk management and rehabilitation practitioners focus on helping clients improve their risk management so that they may benefit from a reduction in claims frequency and costs.