Ace has developed an online agency agreement targeted at small-to-medium regional private brokers.
The insurer is committed to providing brokers with a wide variety of distribution channels, including Ace Online, Imarket and software houses such as Acturis and SectorNet.
Mark Whitehead, Ace's European e-commerce 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 focused 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 e-commerce offerings by streamlining the process of trading with Ace.”
ACE has also simplified the financial settlement and accounting process by working with Premium Credit to develop a scheme that significantly reduces the finance and reconciliation processes.
