QBE Introduces QCyber Rapid Pay Enhancement to Cyber Offering

PRODUCTS: QCyber Rapid Pay, a cyber insurance enhancement.
COMPANIES: QBE North America.
BEST RATING: A.
AVAILABILITY: Appointed agents and brokers only.
FOCUS: QBE offers tailored cyber insurance coverage, backed by nearly 140 years of global expertise, and delivers it through its QCyberProtect policy. Recently, QBE announced QCyber Rapid Pay, a cyber insurance enhancement to the policy designed to accelerate financial support following a covered cyber event.
Traditional business interruption claims can be time-consuming, often prolonging uncertainty during recovery. By improving both the timing and clarity of financial support, QCyber Rapid Pay helps deliver timely, predictable cash flow and a more streamlined claims experience.
“Cyber events can lead to business interruption and impact a company’s ability to operate,” said Ian Walsh, vice president and product head, cyber, QBE North America. “QCyber Rapid Pay provides earlier access to liquidity prior to final settlement so our clients can stay focused on stabilizing their business.”
COVERAGE DETAILS: Cyber incidents can disrupt operations and cash flow, creating significant uncertainty for businesses. QCyber Rapid Pay addresses this by providing earlier access to liquidity, a more efficient claims process and a faster recovery path following a covered cyber event.

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UNDERWRITING: The QCyberProtect policy rates to industry class and revenue size. Completion of QBE’s cyber application is the preferred submission process.
TARGET: Small and medium-sized enterprises to global corporations, from businesses with fully outsourced IT networks to those with complex, large-scale IT systems.
COVERAGE AVAILABILITY: All U.S. states.
COVERAGE TERRITORY: Worldwide.
CONTACT: Ian Walsh, vice president and product head, cyber, QBE North America; 28 Liberty Street, New York, NY 10005.
Will Jones is IA editor-in-chief.







