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QBE’s Mitti joint venture aims to reduce SME risks

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QBE has partnered with workplace inspection company SafetyCulture to provide risk mitigation assistance and tailored cover for SMEs through new joint venture insurer Mitti.

The brand will sit within the QBE Ventures division, which facilitates partnerships and investments in new technologies and provides an avenue to work with start-ups.

QBE Ventures CEO James Orchard says Mitti will provide flexible packages based around risks identified through an initial assessment conducted by experts using video.

Businesses will be provided with recommendations for immediate action as well as access to SafetyCulture’s iAuditor platform, which includes inspection and checklist tools for on-going management.

The small business insurance package includes up to nine products, with QBE seeing the potential to include other lines in future enhancements.

“With Mitti, we believe we’ve created a product that will service a broad range of SMEs that are looking to get in front of their risks, identify what these are and then use technology to manage and reduce their exposure to these risks,” Mr Orchard told insuranceNEWS.com.au.

SafetyCulture, which started in Townsville in 2004, also has offices in Sydney, Kansas City, Manchester and Manila, and says its iAuditor tool is used in more than 80 countries.

Mitti will be led by Danial Cummins, who has 15 years’ experience within QBE’s commercial lines division. The product will be available through brokers and direct.