QBE North America Introduces AI-Focused Cyber Insurance Coverages to Address Emerging Risks

NEW YORK, NY, July 17, 2025 – QBE North America announced today artificial intelligence (AI)-focused cyber insurance coverages for AI regulatory compliance and LLMjacking.

The new cyber coverages address two critical emerging risks:

• AI regulatory compliance:  As the EU AI Act takes effect, several U.S. states are also developing AI regulations which will increase compliance requirements and scrutiny around the use of AI for business. This protection provides coverage for fines, penalties and defense costs for evolving regulations.
• LLMjacking protection: LLMjacking is a type of cyberattack in which threat actors use stolen credentials to access cloud-hosted large language models (LLMs). Once they have access, these threat actors exploit the computing resources required to run LLMs. This protection covers increased service fees when threat actors access AI resources, as well as the costs to retrain compromised models.

“AI brings incredible opportunities for businesses as well as new risks that traditional cyber insurance policies may not cover,” said Meredith Brown, head of U.S. Cyber and Errors & Omissions, QBE North America. “QBE is committed to developing and offering insurance solutions that keep pace with rapid innovation like AI, so businesses have the comprehensive protection they need.”

Last year, QBE unveiled QCyberProtect, a comprehensive and globally consistent cyber policy designed to enhance cyber resilience for a broad range of organizations, from mid-sized companies relying on fully outsourced IT departments to global corporations with complex large-scale IT systems.
More information about QBE’s cyber products is available at qbe.com/us/cyber.

About QBE North America
QBE North America is a global insurance leader helping customers solve unique risks, so they can stay focused on their future. Part of QBE Insurance Group Limited, QBE North America reported Gross Written Premiums in 2024 of $7.3 billion. QBE Insurance Group’s results can be found at qbe.com. Headquartered in Sydney, Australia, QBE operates out of 26 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business primarily through its insurance company subsidiaries. The actual terms and conditions of any insurance coverage are subject to the language of the policies as issued. Additional information can be found at qbe.com/us or follow QBE North America on LinkedIn, Facebook and Instagram.

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Lou Casale
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