ACE Recognized by Best’s Review for Innovation: ACE Worldview Portal for Multinational Insurance Program Management Featured

  ACE Recognized by Best’s Review for Innovation: ACE Worldview Portal for
  Multinational Insurance Program Management Featured in Innovators Showcase

Business Wire

PHILADELPHIA -- February 11, 2013

The ACE Group today announced that its ACE Worldview^SM 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^SM,
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. To read about the ACE Group innovation,
please click here.

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.
Additional information can be found at: www.acegroup.com.

Contact:

ACE North America Communications
Carla Ferrara, 215-640-4744
carla.ferrara@acegroup.com
 
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