QBE launches risk tools as compliance pressure rises

The tools generate reports with recommendations mitigation steps and supporting resources.

QBE Insurance launched a suite of interactive self-assessments developed by its Risk Solutions team to help businesses identify potential risks, assess their biggest exposures and improve risk management.

Australian businesses are facing growing challenges in identifying and managing operational risks as safety regulations tighten and governance requirements become more complex, the insurer said.

The tools guide businesses through a series of questions tailored to their operations before generating a report with recommendations, risk mitigation measures and supporting resources.

Anthony D'Oca said businesses need a better understanding of the factors driving risk to reduce losses and strengthen long-term resilience.

He said the assessments are intended to help businesses build safer and more efficient operations rather than simply meet compliance requirements.

The tools are designed for businesses of all sizes, including those without dedicated risk or safety teams.

D'Oca said the Motor Fleet Self-Assessment, for example, reviews areas including vehicle maintenance, driver onboarding and safety programmes to help businesses improve operational efficiency and reduce risk exposure.

The initial assessments cover property, liability, motor fleet, and environmental, social and governance (ESG) risks. 

QBE said it plans to expand the range of assessments to support more industries over time.