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QBE launches commercial risk management platform 

QBE has launched RiskAdvance, a digital risk management platform for commercial property and liability that has been designed for brokers and customers. 

The platform enables them to complete a risk self-survey and receive tailored data-driven insights and solutions from the insurer to identify, manage and mitigate risks their businesses may be exposed to. 

Information collected through the surveys will help QBE to make “faster” decisions on offering insurance policies, helping to streamline the new business and renewal process for customers and brokers, the insurer says. 

“The RiskAdvance platform is designed to modernise how businesses monitor, manage and build their risk maturity,” QBE Australia Pacific GM Commercial Rob Kosova said. 

“We’re pleased to be able to offer tailored risk insights and solutions to help enable a more resilient future for businesses, and empower them to navigate an evolving risk landscape with confidence.” 

The platform will directly notify brokers and agents of potential risk improvements for their customers, with the ability for them and their customers to easily update the status of their risk improvements, streamlining QBE’s existing risk management processes. 

QBE says it plans to add new functionality and risk management solutions for additional insurance products to the platform. 

“We know brokers have a lot on their plates, so we’re pleased to be able to offer a more efficient and innovative new way of working together,” Mr Kosova said. 

“By sharing information through RiskAdvance, QBE and our brokers can consistently and innovatively support customers on their risk mitigation and maturity journey, and help enable them to achieve a more resilient future.”