Business travelers confront unique risks and exposures when traveling outside the United States, and a lack of risk awareness or decision to self-insure can lead to significant financial, operational and reputational risks. But the small commercial insurance buyers don’t always have the necessary information to apply for an international package policy to manage those risks, and neither do the agents and brokers typically serving domestic small commercials.
Sensing the opportunity to simplify the submission process and expand into a new market, ACE Commercial Risk Services created ACEAdvantage.net, an online platform offering international travel package insurance to U.S. businesses, schools and church groups traveling outside the country. The platform was designed to reduce the time and effort it takes clients to gather relevant information, as well as the expense for coverage.
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