QBE Amplifies Cybersecurity Initiatives in Response to Rising Threats

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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.

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
Author: Paige Estritori

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