QBE North America, a division of global insurance company QBE, has launched QCyber Rapid Pay, a cyber insurance enhancement designed to accelerate underwriting financial support following a cyber incident.
Cyber incidents can disrupt operations and cash flow, creating significant uncertainty for businesses. To solve this problem, QCyber Rapid Pay provides earlier access to liquidity, a more efficient claims process, and a faster recovery path after an incident.
By increasing the timeliness and clarity of financial support, QCyber Rapid Pay helps deliver timely, predictable cash flow and a more streamlined claims experience.
QBE said QCyber Rapid Pay is part of its wider commitment to advance cyber insurance, with a focus on helping organizations respond to the evolving threat landscape with greater resilience and confidence.
“Cyber incidents can cause business disruption and impact a company’s ability to operate,” said Ian Walsh, vice president and head of U.S. Network Products at QBE North America.
“QCyber Rapid Pay provides access to liquidity earlier, before final settlement, so our clients can focus on stabilizing their businesses.”
