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| [November 13, 2012] |
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ACE Launches International Advantage Web-Based Portal; Offers Streamlined Online Policy Placement for Small Commercial International Package Policies
PHILADELPHIA --(Business Wire)--
ACE Commercial Risk Services®, the U.S.-based small business insurance
division of the ACE Group, today introduced an easy-to-use online
solution for U.S. brokers working with small- to-mid-sized U.S.-based
companies doing business overseas. The portal, www.ACEAdvantage.NET,
offers a streamlined process for rating, quoting, binding, and issuing
its ACE International Advantage® Package Policy. In addition,
ACEAdvantage.NET (News - Alert) also offers agents and brokers a lower minimum premium
trip/travel product offering, and the ability to customize coverages to
meet the unique needs faced by businesses with employees traveling the
globe.
"Despite uncertainty in the national economy, small and mid-sized
businesses are the growth and employment drivers of the economy. This
product provides the security that businesses need to expand their
operations outside of the United States," said David Lupica, Division
President, ACE Commercial Risk Services. "ACE International Advantage
has a long history of product innovation in the international package
marketplace. ACE has decades of experience in underwriting,
claims-handling, and providing critical services to employees of
U.S.-based companies operating outside of the United States. This
expertise gave us the ability and confidence to develop the
ACEAdvantage.NET platform, which will now give our brokers and agents
the ability to directly place small commercial international package
polices in minutes."
"With the increase in contract and other similar work being performed
overseas, U.S.-based companies with operations and employees traveling
outside the United States face heihtened exposures," said Tim Benson,
Senior Vice President, ACE Multinational Client Group. "These include
risks centered on exposures related to their employees' health and
safety as well as product liability risks that may not be covered by
their domestic insurance program. ACEAdvantage.NET is a powerful web
platform providing U.S. agents and brokers with a faster, more efficient
way to service the needs of their U.S. clients doing business overseas."
The ACEAdvantage.NET International Advantage Package Policy helps to
protect organizations with operations outside our nation's borders
against the many financial and employee-related risks they face. The
policy starts with a core employee-risk-focused package comprised of:
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Employers Responsibility with Executive Assistance® Services
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Contingent Auto Liability
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International AD&D with Medical
The core coverage can be supplemented, based upon the client and
broker's risk assessment and cost analysis, to include the following
additional coverages:
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General Liability (with Products Liability for many industry classes)
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Enhanced Employee Protection including Kidnap & Extortion, Natural
Disaster Evacuation, and Business Personal Property
ACE's international casualty product suite offers insurance solutions
for U.S.-based companies and organizations that travel or have
operations outside the U.S. from simple package policies to complex
multinational programs with sophisticated risk transfer options. For
more information, please visit
our website, or contact Tim Benson at timothy.benson@acegroup.com
or (302) 476-6343.
Insurance is provided by insurers within the ACE Group. The product
information above is a summary only. The insurance policy issued
contains the actual terms, conditions and limits of the insurance
contract.
ACE Commercial Risk Services is an operation within the ACE Group
that is dedicated to providing specialty insurance products that offer
solutions for small business insurance needs in North America. ACE
Commercial Risk Services offers its products through retail agents and
brokers, wholesale brokers and wholesale producers, program agents and
other alternative distribution models. Additional information can be
found at www.acecrs.com.
The ACE Group is one of the world's largest multiline property and
casualty insurers. With operations in 53 countries, ACE provides
commercial and personal property and casualty insurance, personal
accident supplemental health insurance, reinsurance, and life insurance
to a diverse group of clients. ACE Limited, the parent company of the
ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a
component of the S&P 500 index. Additional information can be found at: www.acegroup.com.

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