LONDON--(BUSINESS WIRE)--ACE UK (NYSE:ACE) has launched an online agency agreement to enable larger numbers of brokers to trade with the company using a range of e-commerce distribution platforms.
The new online agency agreement is an important element of ACE’s eCommerce strategy, providing brokers with greater choice of access to a broad range of products through a number of distribution channels, including ACE Online, software houses such as Acturis and Sector Net and also iMarket. The agreement will enable regional brokers to begin trading with ACE in an easy, simple and efficient manner.
Mark Whitehead, ACE’s European eCommerce Manager said: “ACE’s traditional agency process was created to support high value policies with an enhanced degree of customisation. However, the online market is focussed on smaller, more standardised products. We now have a number of online distribution channels that can provide smaller regional brokers with access to products such as D&O, ComputerGuard+, PI, Business Travel and Environmental Liability, all of which offer real value to commercial clients. The new online agency agreement supports our eCommerce offerings by streamlining the process of trading with ACE.”
The new agency agreement is targeted at small to medium private limited broking organisations. ACE has also simplified the financial settlement and accounting process by working with Premium Credit Limited to develop a scheme that significantly reduces the finance and reconciliation processes.
Notes to Editors
The online agency agreement requires brokers to be directly approved by the Financial Services Authority (FSA). Data from a Companies House source will be used to assess the broker’s financial status. Brokers who are interested in this service can contact Mark Whitehead directly via email: email@example.com
ACE European Group has established branch offices in 16 countries across Europe, Freedom of Services permission to provide insurance services to clients in 27 EEA countries and affiliates in Egypt, Bahrain, Pakistan and Russia.
ACE European Group comprises the operations of ACE Europe, ACE Global Markets and ACE Tempest Re Group. ACE Europe provides a range of tailored Property and Casualty, Accident and Health and Personal Lines solutions for a diverse range of clients. ACE Global Markets (AGM) is ACE’s specialty international business, underwriting through ACE’s Lloyd’s Syndicate 2488 and ACE European Group Limited. Specialty lines include excess and surplus lines business, Marine, Aviation, Energy and Political Risk as well as Property, Financial Lines and Accident and Health. Additional information on ACE European Group can be found atwww.aceeuropeangroup.com.
The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE: ACE), a component of the Standard & Poor’s 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com