QBE Insurance, the Australia-based insurance company, is known for its commitment to tackling climate risks. The company successfully piloted the use of geospatial technology and AI in its response to Tropical Cyclone Jasper in December 2023, allowing the claims team to monitor the cylcone’s damage to insured properties in near real-time. The company has also debuted an AI assistant in December that it claims has helped reduce submission review times by 65%.
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