Currently, Foresight is focused on construction, manufacturing, and agriculture industries. Credit: Scott Blake/Unsplash.

Foresight Risk and Insurance Services (Foresight) has formed a partnership with QBE North America (QBE), a unit of Australia’s QBE Insurance Group.

Set up in 2020, US-based Foresight is engaged in offering workers’ compensation insurance, as well as proprietary safety technology and services to reduce claims.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Through the alliance, Foresight will be able to underwrite insurance on certain QBE entities’ paper.

Foresight currently distributes insurance through national commercial broker partners, with a focus on construction, manufacturing, and agriculture sectors where safety is crucial.

With QBE, Foresight said it will be able to pursue its goal of entering new markets and have the chance to expand into other industries in the upcoming year.

The workers’ compensation specialist added that its coaching services and exclusive digital risk management tool will still be available to policyholders.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Foresight CEO and co-founder David Fontain said: “By combining our revolutionary, technology-driven vision with QBE’s long-standing reputation as a global carrier, this partnership paves the way to reshape the future of workers’ compensation coverage.

“Together, we will work towards reducing workplace injuries and driving savings on insurance costs to deliver unparalleled value to both our national broker partners and our insureds.”

QBE North America head of commercial programmes James Haggerty said: “Foresight’s unique safety technology and services represent a milestone in workers’ compensation innovation.

“Together, we look forward to unlocking enormous value for both our companies, our broker partners, and our customers.”

Separately, QBE Insurance Group expanded its marine offering in Europe to offer international trade coverage to clients in need of local services.