ACE Offers Recommendations for an Effective Multinational Business Travel Risk Management Program
December 4, 2013 - Singapore
ACE in Asia Pacific, part of the ACE Group, one of the world’s largest multiline property and casualty insurers, released today a report entitled “Protecting a Company’s Most Valuable Assets: Cross-border Solutions for International Business Travel Risk Management Challenges”. With companies around the world expanding into markets in Asia to seize growth opportunities there, the level of business travel by their employees will continue to grow in the future. This in turn has translated into rising risk concerns for these businesses as they need to ensure that their insurance programs provide the requisite coverage and resources to keep employees safe.
Delving into the intricacies of cross-border business travel, the report offers insurance and benefits managers guidance on factors to consider when developing a robust business travel accident plan.
According to the report’s author, Mr. Suresh Krishnan, “An effective global program for business travel accident insurance involves a combination of insurance and emergency services – local policies purchased by subsidiaries covering the subsidiary’s employees in countries where they operate and, if needed, a parent policy covering the parent’s employees both supplemented by emergency service providers addressing evacuation or other medical emergencies.”
“Working with international brokers and insurers with specialist expertise in multinational solutions and business travel accident insurance capabilities is also key to ensuring that travelling employees obtain the requisite care and service when they need it,” added Mr. Krishnan.
Based in New York, Mr. Krishnan leads the ACE Group’s Global Accounts Division for the Asia Pacific region.
Click here to read the full report.
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 and 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.
CONTACTS : ACE Group Michele Anne Minjoot, 65-6398-8708 Michele.firstname.lastname@example.org
Source: Business Wire India