Australia's biggest general insurer QBE has announced a strategic partnership with Taipei-headquartered Eos Rhea Metis (ERM) to enhance its risk engineering services for corporate clients in Taiwan and across Asia.
ERM, established in 2012, is a network of experts in enterprise and engineering risk management. In a statement, QBE says that ERM brings specialised expertise in risk assessment across various industries. By collaborating with ERM, QBE will expand its risk engineering capabilities by gaining access to leading risk engineering experts, and advanced techniques and frameworks that will bolster risk identification, assessment, and mitigation processes.
Additionally, ERM's risk mitigation expertise will refine QBE's existing strategies by introducing innovative control measures, monitoring tools, and technologies – further bolstering QBE's ability to manage risks effectively and efficiently with its customers.
The partnership will also facilitate knowledge transfer and training in the form of workshops, programmes, and joint projects. All of which will result in even more precise underwriting, controlled risk exposure, and enhanced client servicing.
Ms Lei Yu, CEO for North Asia and regional head of distribution at QBE Asia, said, " We are simplifying how corporate and specialty clients assess and manage risks by partnering with a robust network of experts, such as Eos Rhea Metis, who are a leader in the field in their own right with a team covering a wide array of risk types. The challenges that our clients face are unique and complex, so it is essential for them to have access to streamlined and efficient underwriting as part of QBE's competitive offering."