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QBE revamps D&O product to tackle new risks

QBE says it has enhanced its directors and officers product to help boards and senior leaders navigate an increasingly complex risk environment.

Changes include updated policy wording, expanded coverage and a strengthened D&O claims team and legal panel that aims to give customers greater confidence. 

The offering includes a risk management benefit for primary policy customers, delivered through the QBE Risk Solutions team. It features online “microsimulation” modules designed to build awareness among boards and executives, and covers key emerging risk topics such as environmental, social and governance obligations. 

“We’ve enhanced our D&O offering to reflect the evolving needs of today’s corporate leaders,” QBE Australia Pacific GM of commercial and people risk Anthony D’Oca said.

“It’s designed to help address emerging risks and support organisations and their business leaders in finding cover that may suit their needs.”

Mr D’Oca says boards and directors are facing new challenges, from ESG to cyber and AI-driven exposures, bringing increased litigation risk. 

“QBE remains focused on developing solutions that meet today’s challenges and helping customers navigate those ahead,” he said.