QBE publishes Food and Drink Spring Update 2022
Authored by QBE Senior Underwriter Natalie Shearer-Coverly
Sector overview
The impact of the COVID-19 pandemic over the last 2-years has created challenges throughout the UK food and drink sector. While initially thought to be transitory, it has been exacerbated by the Russia-Ukraine conflict that directly impacts the pricing of world food commodities. It is integrated into the food chain from farming though to consumer consumption. Agricultural commodities such as grains, livestock and diary are being directly impacted by the significant rise in energy and fuel related costs which is putting further pressure on the food and drink supply chain.
To view the QBE Food and Drink Spring Update CLICK HERE
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.