QBE stories
Most UK businesses using AI are not checking suppliers' systems, even as cyber incidents and revenue losses linked to third parties rise.
Rising demand for cloud and AI services is pushing data centre risks into focus, prompting QBE to set up a dedicated insurance role.
Rising demand for digital infrastructure is prompting insurers to rethink cover for power, cooling and outage risks at data centres.
The insurer is bolstering its Asia management as it pushes harder into data, automation and AI to improve underwriting and customer service.
The move gives the insurer software maker a foothold in a region where carriers are now seeking AI to speed underwriting and claims.
Australia is increasingly in cyber criminals' sights as ransomware now reaches systems in minutes, leaving firms far less time to contain damage.
Only 27% of ASX 200 firms reported AI use in 2025, lagging behind US and UK; large caps lead while mid caps risk falling behind in adoption.
Grant funding will back New Zealand groups tackling climate risk and inclusion, as QBE links recovery support to stronger resilience.
Half of Australian businesses suffered a cyber incident last year, with QBE saying 26% involved AI and many hit by supplier-linked attacks.
Each incident can halt site operations for 24 days on average as attackers exploit the sector's growing use of connected digital tools.
The insurer is expanding its regional push into employer risk cover as Tsui takes on underwriting and People Risk roles from 1 June 2026.
Supplier oversight is becoming a bigger cyber priority as one in three Canadian businesses reported an AI-linked incident in the past year.
Supplier-linked attacks and AI-related incidents are testing cyber defences in Hong Kong and Singapore, despite strong confidence in the technology.
More than 500 senior leaders will gather in Melbourne next July as cyber risk, AI and resilience pressures push security teams to align.
Unprepared firms can face NZ$173,000 in ransomware costs alone, with lost clients and trust pushing the real bill much higher.
Australian small businesses can now compare Public Liability and Professional Indemnity cover in ChatGPT, a first that shifts insurance discovery into AI.
QBE appoints Reuben Lee as Asia transactional liability lead, creating its first regional underwriting role to drive M&A insurance growth.
QBE Re appoints Soichiro Tanaka as its first Head of Southeast Asia, strengthening regional underwriting leadership from its Singapore hub.
QBE appoints Carles Tondo Head of Property for Asia, strengthening its regional portfolio focus as climate and development risks intensify.
Australian eyewear retailers Specsavers and OPSM top customer service rankings, while Bendigo Bank leads non-retail brands in KPMG's CX excellence study.
