QBE steps up SME cyber offering to tackle growing threat

According to recent statistics, over half of UK small and medium-sized firms have been the victim of at least one cyber breach in the last 12 months. QBE CyberCrime is the first e-trade product of its type on Acturis, a leading insurance software provider, and is also available on QBE’s FastFlow extranet.

Developed in partnership with brokers, the product is easy to use online and responds to a greater need to protect SMEs from business interruption and financial loss.

Some key features of QBE CyberCrime include:

• Cyber cover, crime cover and business interruption cover can be bundled into one all-encompassing policy.
• Cover for social engineering fraud to provide reassurances for the increasing risk of falling victim to impersonation fraud and other social engineering scams.
• 24-hour specialist data breach support to help businesses get back up and running quickly in the event of an incident.

Dave Greaves, Head of SME at QBE, said: “The SME sector is the backbone of the UK economy. At a time when businesses are facing an increasingly greater threat from cyber, exacerbated by the implementation of the GDPR, it is important that SMEs have insurance cover in place that is tailored to fit their needs and is straightforward for brokers to purchase on their behalf.”

For further information contact:
Sandra Villanueva, Corporate Communications, QBE, 020 7105 5284, Sandra.Villanueva@uk.qbe.com  

Alexis Burris, Corporate Communications, QBE, 020 3465 3921, Alexis.Burris@uk.qbe.com  

For more information about QBE CyberCrime, visit http://cybercrime.qbeeurope.com/

About QBE

QBE European Operations is part of QBE Insurance Group, one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2017, was US$14.1 billion.

As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty and motor to the specialist financial lines, marine and energy. All are tailored to the individual needs of our small, medium and large client base.

We understand the crucial role that effective risk management plays in all organisations and work hard to understand our clients’ businesses so that we offer insurance solutions that meet their needs – from complex programmes to simpler e-trading solutions – and support them in minimising their risk exposures. Our expert risk management and rehabilitation practitioners focus on helping clients improve their risk management so that they may benefit from a reduction in claims frequency and costs.

For more information about QBE CyberCrime, visit http://cybercrime.qbeeurope.com/