Tue, 27th May 2025

In this week's edition of Insurance News Wrap, major highlights include QBE's enhanced cybersecurity initiatives and financial support to groundbreaking cyber landscape projects. The firm, led by CEO Andrew Horton, considers artificial intelligence's utility in boosting industry resilience. Also featured was the firms QCyberProtect policy, solidifying QBE's role in cyber risk management simplification. Additionally, a report by NobleOak shows an increase in life insurance coverage among Australians aged 30-60 while stressing the need for better understanding of fully-underwritten policies. The Australian Financial Complaints Authority allows solar system owners significant storm-related damage repair costs reimbursements. Lastly, a contentious claim involving QBE and a company director concluded with the dismissal of fraud allegations against QBE by the authority, pending the submission of additional information.