QBE Ventures
QBE Ventures, established in 2018, is the venture capital arm of QBE Insurance Group, a top 20 global insurance and reinsurance company operating in 37 countries. Headquartered in Sydney, Australia, with offices in New York and London, QBE Ventures invests globally in insurtech companies that offer access to innovative technology. This technology has the potential to enhance QBE's business model, drive operational efficiencies, and foster new growth opportunities. QBE Insurance Group, founded in 1886, underwrites a wide range of personal, commercial, and specialty insurance products, serving customers in North America, Australia Pacific, and internationally.
Demex is an independent data and analytics company that addresses the increasing challenge of property losses from secondary perils, such as extreme weather events. By partnering with reinsurance brokers, insurers, and reinsurers, Demex utilizes advanced modeling techniques that incorporate weather and claims data, along with climate research, to assess loss accumulation. The company provides parametric stop-loss solutions tailored to the needs of its clients, effectively handling risks that exceed traditional catastrophe losses. Through its risk management platform, Demex enables businesses to analyze, price, and transfer climate-linked risks, thereby enhancing their ability to manage financial risks associated with severe weather conditions like hurricanes, heat waves, and droughts. This innovative approach supports the sustainability of insurers' operations in a changing climate.
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