LONDON--(BUSINESS WIRE)--ACE European Group (ACE)(NYSE:ACE) is continuing to enhance its e-commerce offerings to UK brokers with the launch of a more streamlined Professional Indemnity (PI) product on imarket.
ACE specific standards relating to risk for PI have been reduced by 50 per cent on the trading portal. This move will simplify the quote request process, reduce administration time and help brokers to cut costs.
“imarket already has an important role to play in reducing brokers’ costs through recouped administration time,”says said Mark Whitehead, ACE European Group’s e-Commerce Manager.
“Since the original PI product on imarket was launched in September 2006, ACE has been working with a number of brokers and listening to the feedback they’ve been giving us. We’ve responded swiftly and will continue to focus on improving our offering via the portal to help drive broker efficiency and use of this trading solution.”
PI from ACE spans a range of professions and has been designed for small businesses and sole traders with revenue up to £350,000 a year.
ACE now offers a range of products including PI, D&O and ComputerGuardPlus through a number of e-commerce channels. For further information, please contact Mark Whitehead at ACE; tel 020 7173 7342.
Notes to editors:
ACE European Group has established branch offices in 17 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