This article is from the Australian Property Journal archive
ACE Insurance has launched state-of-the-art insurance web technology solution to strata property managers, landlords and owners.
ACE, which has provided insurance protection for the past 30 years in Australia has invested substantially to develop its commercial property insurance products.
Backed by the state-of-the-art technology, ACE will be providing strata managers and owners a competitive product with broad coverage and attractive pricing, as well as fast and centralized claims service with a 24-hour telephone hotline.
The groundbreaking online technology, which has been proven to be successful for ACE elsewhere in its global network, allows the company to provide quotes over the internet quickly. The web technology will also seamlessly facilitate the quoting and binding of risks and online processing of endorsements, renewals and cancellations.
ACE’s Australia and New Zealand chief executive Paul Venning said the estimated $300 million market presents a major opportunity for the company to provide a more cost effective and innovative solution to manage and cover the risks associated with commercial property.
“ACE’s products in commercial property have proven to be very successful overseas and we expect to inject a new level of competition to this lucrative market by offering real choice to the insurance broking community”, he added.
The new product range will be unveiled at the National Community Title Institute’s national conference for strata managers being held in Melbourne next weekend.
“We aim to provide property managers, as well as body corporates, with a complete, affordable and timely solution to the ongoing management of their portfolios, ranging from commercial offices to apartment buildings.
“By leveraging best practices overseas with efficient online technology, ACE will deliver to the Australian market a solution which will raise the level of risk management, professionalism and service that will benefit the end-client,” Venning said.
By Adam Parsons
