New Updates
To empower our business partners to conduct business more flexible and efficient, we have been working on some newly added functions for motor insurance.
Starting from 02 October, Excess and commission self-adjustment was rolled out to facilitate the option of premium fine-tuning with ease.
What are the newly added functions?
- Allow adjusting Own damage and Third-Party Property Damage excess by choosing the adjustment value. Applicable to the private vehicle - comprehensive policies (Non-Super Car).
- Enable the commission reduction to fine-tune the premium. Applicable to all motor classes insurance.
Please click here to review motor insurance updates.
WE HEARD YOU & TOOK ACTION!
Split EC Rates on SME Business Insurance Solution (NEW)
With effect from 18 September, a new calculation method is applied to the EC premium of SME Business Insurance Solution (NEW). This should improve our competitiveness in the market significantly and allow us all to capture more wins.
EC premium for Clerical vs Other Staff will be calculated in split rates. Hence you may obtain a lower premium if the insured mainly employed clerical staff. On the other hand, a higher overall premium will be quoted while the insured mainly employed manual workers.
Important Reminder:
Entering the occupation details accurately is extremely important.
This new calculation method (Split EC Rates) will be applied on or after 18 September 2022. The changes in different policy status are as follow:
- New Business: The new calculation method will be applied to EC premium.
- Endorsement and Declaration: EC premium calculation will continue to reflect rating based on the inception date of a policy.
- Renewal Business: The new calculation method will be applied to EC premium.
We prepared the following case studies for your easy understanding, Please contact your Relationship Manager for a briefing session and learn more about the advantage of the new calculation method.
Promotion Campaign
When you issue Annual Travel Insurance ( New Business) from 16 Oct to 31 Dec 2022, GI Agent can get up to 20% premium discount and extra HK$500 ParknShop e-voucher.
The following is the Annual Travel protection comparison due to 2019 Coronavirus. GI Agent can understand 2019 Coronavirus protection f different insurance companies and provide appropriate protection to customers.
|
|
Hong Kong has gradually eased exit restrictions and more Hong Kong citizens travel abroad. QBE Hong Kong provide new protection benefits of Additional Transportation and Accommodation to match with market demand due to Covid-19. When client apply QBE Hong Kong Travel Insurance successfully from 16 October 2022, client can enjoy Additional Transportation and Accommodation up to HK$20,000. Click here for extension wording, only Eng available Click here for extension wording, only Eng available -> Protection of Covid-19 : Please Click here for more information. -> FAQ of Covid-19: Please Click here for more information. |
|---|
Administrative Service
Important Note
Kindly note that there is rising inflation globally, including in Hong Kong and Macau. Therefore, we ask you to review the sum insured amount of the properties insured under the policy with the insured, including rebuild, repair, the replacement costs of assets and the impact of subsequent business interruption. To avoid under-insurance, uninsured exposure or delay in loss adjustment, it is our responsibility to remind the insured of this important note to ensure the risks are well and sufficiently protected.
Meanwhile, a notice of inflation will be added to the RENEWAL NOTICE on Motor, Property and Engineering policies.
As part of strengthening our claims process, we are proud to announce that QBE Hong Kong is a participating insurer of the Hong Kong Federation of Insurers (HKFI)'s Insurance Fraud Prevention Claims Database (IFPCD), which helps insurers detect and prevent fraudulent claims through a robust and secure platform. QBE Hong Kong is committed to reducing frauds and safeguarding the interests of our policyholders, and channelling the cost savings from these fraudulent claims to provide more competitive products and services.
Thank you for your continued support and trust in QBE Hong Kong. As a leading insurer, we are customer-focused and proactive in preventing fraudulent claims in the industry and protecting the interests of our customers and business partners.
As always, we welcome your feedback. If you have enquiries regarding Qnect, please feel free to contact your dedicated Relationship Manager for assistance.