Jason Hammond, chief executive of QBE Asia, discusses the low take-up of cyber insurance and how his firm aims to take the pain out of the overall claims experience for clients.
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Insurers tighten cyber cover terms, raise premiums amid cyber attacks
Firms with inadequate risk management protocols may find their cover reduces or withdrawn altogether, particularly in terms of ransomware risk.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
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
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
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
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
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
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
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
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
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
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
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
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
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.