QCyberProtect
QCyberProtect is a cyber insurance product underwritten by QBE Insurance (Australia) Limited (QBE Insurance Group Limited (Australia)), available in Australia. It is aimed at small and medium-sized businesses, mid-market companies, large enterprises and multinational groups. Coverage limits reach up to Primary and excess capacity up to $10M. The carrier holds an AM Best rating of A (Excellent) – AM Best. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- QBE: top-5 Australian insurer; #1 global insurance and reinsurance (operations in 27 countries).
- Cyber insurance for businesses across all sizes and industries.
- Coverage: data breach, cyber attack response, BI loss, ransomware/extortion, system damage, GDPR notification, RC third-party.
- QBE's 2024 AI investment for claims processing — improving speed and accuracy.
- Mandatory reporting of ransomware payments (SOCI-regulated entities, >$3M revenue) effective May 2025 — drives demand.
- Australia cyber market: competitive capacity, stable rates; QBE surveys show 1/3 businesses lack incident response playbooks.
Limitations
- Out of appetite: public sector/government.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is QCyberProtect designed for?
QCyberProtect by QBE Insurance (Australia) Limited targets small and medium-sized businesses, mid-market companies, large enterprises and multinational groups in Australia. Geographic scope: Asia Pacific..
+Does QCyberProtect help with NIS2 or DORA compliance?
QBE Insurance (Australia) Limited indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy QCyberProtect in Australia?
QCyberProtect is sold through insurance brokers — broker contact: https://www.qbe.com/au/broker/. Compare it with alternatives in Australia on Ryskly before approaching a broker.