QBE Ventures invests in Converge

QBE Ventures has invested in Converge Insurance , a cyber insurance provider integrating risk management, data analytics, and underwriting to offer a scalable, proactive approach to cyber coverage.

The investment strengthens QBE’s position in the cyber insurance market, particularly for small businesses, where traditional underwriting has struggled to keep pace with evolving risks.

QBE has worked closely with Converge on underwriting guidelines, pricing models, and claims processes, making this investment a natural extension of their collaboration.

This aligns with Mitsui Sumitomo Insurance’s investment in Coalition, Zurich’s investment in Cowbell and BOXX, and Intact Ventures’ investment in Resilience, according to Coverager data.