AUCKLAND, 27 August 2015 — ACE Group has announced the launch of a new Business Travel Insurance policy for the New Zealand market. Several innovative coverage enhancements have been introduced to the new policy that will fulfill a corporation’s obligations and protect their employees in the event of a travel mishap.
Building on the broad coverage offered under the previous policy, ACE policyholders can now select unlimited loss of deposits and cancellation cover for business trips. Furthermore, the removal of the general age exclusion means a level of cover is now offered to people regardless of age.
ACE has also partnered with global crisis management company, red24, to provide covered persons with travel safety and security services. These include ground support and evacuation assistance in the event of unexpected civil unrest, political instability, natural disaster or a terrorist attack.
red24 services also include access to worldwide 24/7 telephone support and a website providing a range of pre-travel security and safety advisories. ACE’s Business Travel policyholders and covered persons will be offered access to a smartphone app that provides them with travel advice, country intelligence, daily news and travel alerts during their trips.
These travel safety and security services are complementary to the existing ACE Assistance network that provides 24/7 medical and other travel related services.
“The needs of our business travel clients have changed over the years and this refreshed policy is a timely response to that market demand,” said Andrew Brooks, Country President for ACE in New Zealand.
“We now have market leading coverage together with a comprehensive range of travel assistance and security services available to our policyholders. In the event of a travel mishap like cancelled flights or a major event such as a terrorist attack, our clients and their employees can rely on the 24/7 support of a worldwide emergency assistance network. They can travel with confidence knowing that help is just a phone call away if the unthinkable occurs,” he added.
ABOUT ACE
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.
ACE's operation in New Zealand (ACE Insurance Limited) offers corporate Property & Casualty, Group Personal Accident and corporate Travel Insurance products through brokers. ACE leverages global expertise and local acumen to tailor solutions to mitigate risks for clients ranging from large multinational companies to local corporates.
ACE Group is a registered trademark of ACE Limited.