Dear Partner,
Following global events affecting the insurance industry, and to be consistent with industry practice, we are making changes to the terms and conditions of our policy wordings for Property, Engineering and Accident and Health.
QBE Hong Kong is now including endorsements with new and renewal business to clarify that our SME, property and engineering policies do not cover Cyber incidents and Communicable Diseases, and our Accident and Health policies do not cover Communicable Diseases incidents.
Please see the appended wording to be applied.
Applicable to Personal Accident & Travel Covers
Applicable to Property and Engineering Covers
We wish to point out that it has never been the intention to have these types of incidents covered under our policies. Recent events prompted insurance companies now to include explicit exclusions to bring greater clarity to the coverage with relation to communicable diseases and cyber risks.
The inclusion of Cyber and Communicable Diseases exclusion clauses will be effective for New Business Quotations from 1 April 2021, and for renewals, from 1 June 2021 for SME. For other products, the effective dates are to be confirmed based on system update.
Should you have any queries, please contact your Agency Manager.
Best Regards,
QBE Hong Kong
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