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Leading
Edge Expertise
The concept of 'specialist solutions' is relatively new to
Papua New Guinea, with most businesses believing that conventional
insurance is still adequate. But the quantum of new risks
facing business today demands new and specialist solutions
like those offered by the experienced, innovative team at
QBE.
"QBE is one of
very few companies in PNG to offer specialist insurance solutions,
so we have a unique situation to grow our business. A number
of our clients are right on top of the changing market - they
want to cover these new exposures because the risks are very
real, and they do not have the financial strength to survive
a big hit."
Professional
Development
QBE actively supports the professional development of local
staff. As an integral part of the Specialist Risks Unit network,
the Papua New Guinea team is constantly developing its skills.
"I have many years
experience writing insurance in PNG, and I've seen the market
changing. With the help of other members of the Specialist
Risks Unit, we can come up with innovative products at competitive
prices. The service we provide gives us an advantage over
our competitors."
Local
Market Knowledge
With its long-standing presence in the Papua New Guinea business
community, QBE has amassed a wealth of local knowledge that
can benefit clients. The team's active role in the Specialist
Risks Unit network means that QBE Papua New Guinea is well
positioned to take advantage of the increased demand for professional
liability insurance.
"When the legal
environment is changing, clients do their best to keep up.
They need to ensure they are covered for these new exposures,
which is where the advice from their insurance broker can
be invaluable."
"Business
managers can't afford to put their head in the sand and ignore
these new risks. The consequences are too great, so - with
the help of their broker - they look for specialist insurance
solutions."
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