Fraud in insurance - Staying one step ahead
August 2023
Fraud is a perennial issue for insurers, albeit a manageable one. Fraud attempts continue to become more sophisticated, but insurers manage to stay ahead of the curve. QBE's Mr. Ronak Shah tells us more.
Mitigating risks in lithium-ion batteries
August 2023
With the growing use of lithium-ion batteries in commercial and industrial environments, associated risks have also grown. Asia Insurance Review spoke with QBE Insurance’s Mr. Brendan Dunlea about how these risks can be mitigated.
Asia pushing towards further digitalisation, deep tech – QBE Asia CEO, Jason Hammond
January 2023
As the industry emerges from the past three years defined by the COVID-10 pandemic, QBE Asia CEO Jason Hammond shared with Insurance Business several milestones in 2022 and his predictions for 2023.
Australian insurer QBE expanding coverage to include net-zero maritime projects in Singapore
July 2022
Rama Chandran, Head of Marine, QBE Asia shared how QBE is working with ship builders in Asia to adopt green technologies and explore new power sources.
Asia CEO, Jason Hammond, named in The Insurance Business Global 100 list for the third consecutive year
March 2022
Asia CEO, Jason Hammond, is named in The Insurance Business Global 100 list for the third consecutive year. The list features outstanding industry professionals and leaders who are making a positive difference and helping drive change across the sector and their own companies.
The 2Cs of FP&A leadership in 2022
February 2022
Tay Siang Leng, CFO and head of FP&A for QBE Asia, summed it up by adding that the biggest change is the need to respond quickly to rapidly changing economic conditions/business challenges as well as being the co-pilot to senior management and Boards for strategic decision making.
Insurance for ecommerce retailer liability
October 2021
Asia Insurance Review spoke to with QBE Asia’s Ms Arati Varma and Somandy and Associates’ Mr Burzin Somandy to see whether ecommerce retailers can be liable for third party products sold via their platforms - and how insurance may help in such cases.
Shipping: Too soon for optimism in ocean hull insurance sector - IUMI
September 2021
Overall, the ocean hull sector is improving but it is not yet certain how sustainable that improvement will be, according to Mr Rama Chandran, chairperson of the Ocean Hull Committee of the International Union of Marine Insurance (IUMI).
Gloomy insurers look to 'virtuous circle' of loss prevention
September 2021
Marine insurers find little to be cheerful about these days. Rama Chandran, chairperson of the Ocean Hull Committee of the International Union of Marine Insurance (IUMI) expressed concern over the long-term sustainability of the hull and machinery insurance sector.
Processing insights into results
September 2021
Steve Wilson, Regional Head of Claims, QBE Asia shares how our claims processes continue to get more streamlined and sophisticated and how this has changed our business.
Insurers tighten cyber cover terms, raise premiums amid cyber attacks
June 2021
Firms with inadequate risk management protocols may find their cover reduces or withdrawn altogether, particularly in terms of ransomware risk. QBE Asia, Head of Financial, Professional and Casualty lines, Arati Varma, said around 40 per cent of large organisations are believed to buy cyber protection. But take-up among small and medium enterprises (SMEs) is far lower.
QBE Asia builds digital footprint with new insurance initiatives
December 2020
Today’s “no-contact” pandemic has challenged businesses to find ways to continue operating and supporting customers, without the need for physical interaction. This has created an urgency for businesses and industries—many of which have operated unchanged for decades—to digitalise their operations quickly and effectively to ensure business continuity.
QBE Won The InsuranceAsia News Awards for Excellence 2020
December 2020
QBE Hong Kong Recognised for Digital Motor Claims initiative at InsuranceAsia News Awards for Excellence 2020 - Claims Initiative of the Year, Hong Kong
An emphasis on digital
December 2020
QBE has had a good year, despite COVID-19 hitting the business hard. Asia CEO, Jason Hammond shares with Asia Insurance Review about QBE’s plans for the post-COVID environment with an emphasis on digitalisation.
Rama Chandran, Head of Marine Singapore and Head of Hull & Marine Liability Asia, named Top 10 in Lloyd's List for Marine Insurance
December 2020
Asia is catching up fast in hull insurance and leading the way in its emergence is Rama Chandran, head of marine at QBE.
Supporting Hong Kong’s SMEs through the crisis
October 2020
Following the release of the survey titled “SMEs: New Challenges for a New Decade” commissioned by QBE Hong Kong late last year, CEO for North Asia and Regional Head of Distribution, Lei Yu recently spoke with Insurance Asia News and shared her views on the outlook for SMEs and addressed their insurance needs in Hong Kong for Q4 2020 and 2021 with a brief overview of how the year has gone so far.
Asia CEO, Jason Hammond, named in The Insurance Business Global 100 list for the second consecutive year
October 2020
Asia CEO, Jason Hammond, who has been named in The Insurance Business Global 100 list for the second consecutive year. The list features outstanding industry professionals and leaders who are making a positive difference and helping drive change across the sector and their own companies.
Securities Class Action Risk in South East Asia’ co-authored by QBE Asia, Head of Financial, Professional and Casualty Lines, Arati Varma
October 2020
South East Asia is a very diverse group of countries – from its language and customary practices, legal frameworks to its regulatory oversight. This article gives a high-level review of some of the common issues affecting securities collective actions across the region. In summary, South-East Asia remains a low-risk region for securities class actions for the reasons outlined. However, directors and their insurers should not be complacent and ignore the risk of exposure to US class actions.
QBE’s Hammond on transformation and growth
July 2020
CEO Asia, Jason Hammond, recently spoke with Insurance Asia News and shared about the restructuring process and transformation, and his outlook on the Asian markets’ growth opportunities, broker consolidation and the rise of digital and insurtech in the post-Covid environment.
How should SMEs enhance their capabilities to overcome challenges in adversity - Chinese version only
June 2020
When COVID-19 broke out in the first quarter of 2020, media headlines were filled with news of economies and financial markets being affected globally. CEO for North Asia and Regional Head of Distribution, Lei Yu, shared her insights on what SMEs should do to overcome challenges and maintain business continuity to achieve long-term success in Hong Kong.
COVID-19 insights from insurance and risk leaders in Asia Pacific: "Cohesion & Positivity" by QBE Asia CEO, Jason Hammond
June 2020
CEO Asia, Jason Hammond shared his insights on ensuring business continuity and being there for customers, partners, employees and the community during these challenging times.
Conserving strength is crucial in business continuity during times of adversity - Chinese version only
May 2020
Following the release of the survey titled “SMEs: New Challenges for a New Decade” commissioned by QBE Insurance late last year, CEO for North Asia and Regional Head of Distribution, Lei Yu shared her thoughts with Capita and addressed some common misconceptions among SMEs in Hong Kong. It is imperative that SMEs step up and seek the necessary insurance coverage to protect their business especially during these turbulent times.
Boosting efficiency and lowering premium through digitalization of insurance - Chinese version only
April 2020
The COVID-19 outbreak had affected the travel plans of many people and impacted the global travel industry. QBE North Asia CEO and Regional Head of Distribution, Lei Yu spoke with Economic Digest about QBE Hong Kong's special arrangement offering travel policy flexibility for customers affected by the pandemic, and at the same time offering an efficient digital claims platform to enhance customer experience.
Premium income facing headwinds in the next six months - Chinese version only
April 2020
The global economy took a hit with the outbreak of COVID-19 which saw both the life and general insurance markets being affected. QBE North Asia CEO and Regional Head of Distribution, Lei Yu shares her views with Hong Kong Economic Times on how 2020 will be a challenging year for the insurance industry. Read more in Chinese website.