SINGAPORE--(BUSINESS WIRE)--
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.
ABOUT ACE
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.
Source: ACE Group