Group Personal Accident - Multinational Clients

Overview

ACE GPS^SM brings clients doing business across international borders customised global solutions for a broad range of risk management issues. We’re committed to providing enhanced personal accident protection to your employees.

Many organisations say that people are their most important asset. Some act accordingly. Does yours? As markets mature and international trade grows, as businesses expand geographically, as enterprises focus increasingly on higher value goods and services, people matter more. Business experience, technical skills, industry expertise - and the people who have them - are ever more valuable. Recruitment, training and the cross-border transfer of best practices become huge investments for large organisations, especially multinational organisations. And for financial and practical reasons, management must protect these investments, these people.

The personal accident programme you provide your employees is one of the key elements of this protection. Your Group Personal Accident (GPA) programme provides the most basic protection of all to employees, protection against accidents ranging from occupational accidents to those accidents that can occur at any time anywhere in the world. In fact, it protects the families of your employees, and meets critical objectives for your multinational organisation too:

The GPA coverage is a centerpiece of most HR benefit programmes, and as such, serves as a critical recruitment and employee retention tool
HR management in a multinational arena needs to know, and sometimes define and adjust benefits provided to employees in many jurisdictions - the multinational GPA supports this transparency and control
Enterprise risk managers need to ensure that, should the worst happen to any employee, from front line staff up to senior expatriate management, benefits are paid promptly and compliantly
Legal, Compliance and Accounting must be certain that this critical benefit programme complies with all relevant rules - insurance is admitted, premium tax collected and income tax handled

ACE's multinational GPA programme helps you meet all these goals. You gain transparency and control in a way your organisation never could before with the traditional patchwork of local and regional programmes. You may also find that a global GPA programme is more cost-effective. When ACE uses the GPS^SM platform to develop and deliver multinational group PA cover, we price the insurance based on your worldwide employee population. This approach often leads to economies of scale which individual, local businesses may not be able to achieve. ACE makes it easy - we can quote and deliver a worldwide programme from any office using our global rating model and the GPS^SM platform.

Product Description Target Classes or Industries Key Advantages Contacts

Group Personal Accident insurance (GPA) provides fundamental protection to your employees. It covers them and can provide benefits for their families in the event of death or disability due to an accident. Coverage can be limited to accidents related to their occupation only, or allow for any accident 24 hours a day.

The risks from a technical perspective are simple:

Accidental Death
Dismemberment
Permanent Total Disablement
Permanent Disability Continental Scale Benefits

Benefit levels are simple too, based on a schedule that you define. Most commonly, the benefits are defined as a multiple of salary. It may be 1x, 2x, 4x, or even higher. Different employee groups may receive distinct benefit levels, or everyone may receive comparable benefits. Our underwriting experts know the options and issues, and can work with you or your broker to find cost-effective solutions. The advantages of ACE’s multinational GPA programme lies in the control it gives you. It lets you decide how to structure your programme. You can be confident that you have properly provided for your domestic and overseas staff. You know how much you are spending. You have taken a compliant approach. ACE's Group Personal Accident programme delivered through the GPS^SM platform is a great solution for the multinational client who cares.

Multinational companies with substantial groups of employees based in two or more countries.

Uniform, worldwide cover or tailored to local needs: through our network, ACE offers the required coverage anywhere our clients go
Global compliance: a global programme supported by locally admitted policies - fewer tax or regulatory issues for client and broker
Greater control over benefits: coverage and benefit levels fixed at the global level by the Risk or HR manager
Convenience: broker deals with one ACE A&H underwriter who can arrange cover around the world
Turnaround time: our new global rating spreadsheet means a single originating underwriter can quote product and price for all markets, today!
Discounts: ACE can offer substantial discounts based on total group size, leading to more competitive pricing than available locally
Better service: our Global Network commits to notice of binding, policy issuance, implementation, money movement within a short, set period

For more information about the ACE Group Personal Accident products, please contact:

ACE European Group Limited
Nerviërslaan 9-31
1040 Brussels, Belgium
+32 2 516 97 11 tel
info.benelux@acegroup.com

Philippe Cousin
Business Development Manager A&H Benelux
philippe.cousin@acegroup.com
+32 2 516 97 17 tel

ACE European Group Limited
Marten Meeweg 8-10
3068 AV Rotterdam, The Netherlands
+31 10 289 35 00 tel
info.benelux@acegroup.com

Clemens Roomer
Underwriter A&H, The Netherlands
clemens.roomer@acegroup.com
+31 10 289 35 53 tel

© 2011 ACE Group. The information and descriptions contained herein are not intended to be complete descriptions of the terms, exclusions and conditions applicable to the products and services, but are provided solely for information purposes. Please refer to the policy or product and services agreement for complete terms, exclusions and conditions. Access to products and services may be subject to restrictions in certain countries. Insurance is provided by ACE European Group Ltd., which is authorised and regulated in the United Kingdom by the Financial Services Authority.