QBE enhances Commercial Landlords ISR offering with smarter more flexible cover
QBE has announced an upgrade to its Commercial Landlords Industrial Special Risk (ISR) product, introducing a suite of optional cover enhancements designed to help brokers better meet the evolving needs of property owners in the low-to-medium hazard segment.
The refreshed offering includes optional add-ons such as:
• Rent Default Cover – up to 52 weeks on a sliding scale, with limits up to $3 million
• Tax Audit Protection – coverage up to $25,000
• Machinery and Electronic Equipment Breakdown – coverage up to $25,000
These optional covers augment QBE’s core ISR protection, which includes cover for buildings, fixed assets, loss of rental income, accidental glass breakage, burglary, and flood-related damage. Together, they offer brokers greater flexibility to tailor comprehensive solutions to their clients’ needs.
“This isn’t just a product refresh – it’s a strategic enhancement aimed at helping brokers grow their portfolios in a competitive market,” Bob Algie, Head of Property & Marine at QBE AUSPAC said.
“By offering these covers as optional extras, we’re giving brokers more tools to attract and retain quality commercial landlord clients.”
The upgraded product is tailored for landlords with properties valued between $15 million and $50 million, particularly those with strong risk management practices and well-maintained assets.
In addition to product enhancements, QBE has rolled out GenAI-powered underwriting assistance across all property products.
This technology supports underwriters by triaging broker submissions, extracting key data, and providing high-level risk assessments – dramatically reducing the time from submission to quote.
“The GenAI Assistant helps us make faster, more accurate decisions on risk acceptance, pricing, and conditions,” Mr Algie added.
“It’s especially valuable in the ISR space, where complexity and data volume can slow down response times. With GenAI, we’re reviewing more submissions and helping brokers secure cover faster than ever.”
With this upgrade, QBE continues to demonstrate its commitment to innovation, flexibility, and broker support, delivering smarter solutions that help brokers win and retain business in a dynamic market.