The ACE European Group has enhanced its e-commerce offerings to UK brokers with the launch of a more streamlined Professional Indemnity (PI) product in its “imarket” sector.
ACE said that its “specific standards relating to risk for PI have been reduced by 50 per cent on the trading portal. This move will simplify the quote request process, reduce administration time and help brokers to cut costs.”
“imarket already has an important role to play in reducing brokers’ costs through recouped administration time,” explained Mark Whitehead, ACE European Group’s e-Commerce Manager. “Since the original PI product on imarket was launched in September 2006, ACE has been working with a number of brokers and listening to the feedback they’ve been giving us. We’ve responded swiftly and will continue to focus on improving our offering via the portal to help drive broker efficiency and use of this trading solution.”
ACE noted that its PI coverage “spans a range of professions and has been designed for small businesses and sole traders with revenue up to £350,000 [$675,325] a year.”
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