ACE Recognized By Best’s Review For Innovation
The ACE Group today announced that its ACE Worldview Web-based information portal for risk managers with multinational insurance programs has been recognized by Best’s Review Magazine’s 2013 Innovators Showcase. ACE Worldview gives risk managers and their brokers easy access to the core functions they need to manage their multinational insurance program from their desktop or laptop computer in real time. Through ACE Worldview, they can see daily program status updates, obtain copies of local policies and certificates, and access the ACE Insurance Directory, the proprietary research tool that ACE underwriters and legal staff use as a point of reference on international compliance and regulatory issues.
When combined with the network of ACE’s strategically located global client executives, its extensive multiline insurance operations in 53 countries, its network partners in more than 100 additional countries, and its deep expertise and longstanding experience serving customer needs, ACE Worldview completes the total package to support clients’ management of their global risk programs—and creates an environment in which risk managers can enjoy a level of confidence that simply hasn’t been possible before.
“We’re pleased to be recognized by Best’s Review for our product innovation, and we’re especially gratified that Worldview has been embraced by ACE’s multinational customers and their brokers,” said Chris Maleno, Chief Operating Officer, ACE USA. “Our aim in developing ACE Worldview was to assist our clients in managing their global programs as efficiently and easily as possible. Our producer and client advisory board members were instrumental in helping us develop this innovative product. We wish to thank them for their continued support and feedback and look forward to rolling out the next round of enhancements to this platform in early 2013.”
Tim Benson, Senior Vice President, ACE Multinational Client Group added, “Feedback from risk managers and brokers is a key aspect of new product innovation, and the response we have received from them has been very positive. Since its launch in 2010, more than 2,500 individuals currently use the system and more sign on each month. In fact, several risk managers have cited ACE Worldview as one of the key reasons for moving their multinational programs to ACE.”
ACE Worldview, which is now in use by nearly 400 multinational clients and their brokers, is part of ACE’s Global Program Solutions, or ACE GPS, capabilities that together make ACE one of the few insurers that can help companies manage their worldwide risks and navigate an increasingly complex regulatory landscape. ACE Worldview has been a great step forward to many risk management processes as it allows risk managers to track policy issuance, run custom reports, review status comments, and schedule email alerts as activities occur on their program. A multinational program can have up to 200 policies, and therefore, having immediate access to program documentation becomes extremely critical.
Best’s Review Innovators Showcase profiles novel business concepts among insurance and reinsurance companies, insurance agencies and brokerages, wholesalers, claims managers, third-party administrators and alternative market facilities. A panel of insurance industry experts selected the most innovative programs to showcase.
Since it was launched in 2010, the ACE Group has introduced several enhancements to ACE Worldview, including captive premium tracking features. Future enhancements to ACE Worldview will provide risk managers, brokers and users with even more innovation and functionality.
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.
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