QBE Insurance Australia has joined forces with workplace safety technology platform SafetyCulture to build a new digital insurance platform Mitti.
The joint venture is a technology-first company that aims to improve the insurance model for small to medium-businesses. It has a major focus on risk mitigation to reduce the likelihood of claims.
To reduce risks within businesses SafetyCulture will leverage its risk mitigation technology to identify and alleviate dangers within a business and promote safe working environments.
SafetyCulture offers a variety of inspection templates that can help a company assess where theirs risks lie. iAuditor, which is included in Mitti’s services, is a free inspection app that provides visibility and insights about safety.
QBE Ventures CEO James Orchard said, “QBE’s joint venture with SafetyCulture has created a unique and compelling proposition that responds to the needs and ambitions of small and medium businesses in Australia.
“By leveraging big data, AI and machine learning, we can deliver more tailored solutions that don’t just assess risk, but help customers avoid risks altogether and the losses that come with these. Importantly, by supporting more businesses to manage their risks, Mitti will help create safer workplaces for their customers and employees.
“The launch of Mitti is a great example of how we’re making deliberate changes to how we work within QBE, to adopt new ways of thinking, create more innovative products and services, remove barriers to productivity, and partner with innovative players to ultimately reinvent insurance.”
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