ACE UK has launched an online agency agreement to enable larger numbers of brokers to trade with the company using a range of e-commerce distribution platforms.
The new online agency agreement is an important element of ACE’s eCommerce strategy, providing brokers with greater choice of access to a broad range of products through a number of distribution channels, including ACE Online, software houses such as Acturis and Sector Net and also iMarket. The agreement will enable regional brokers to begin trading with ACE in an easy, simple and efficient manner.
Mark Whitehead, ACE’s European eCommerce Manager said: “ACE’s traditional agency process was created to support high value policies with an enhanced degree of customisation. However, the online market is focussed on smaller, more standardised products. We now have a number of online distribution channels that can provide smaller regional brokers with access to products such as D&O, ComputerGuard+, PI, Business Travel and Environmental Liability, all of which offer real value to commercial clients. The new online agency agreement supports our eCommerce offerings by streamlining the process of trading with ACE.”
The new agency agreement is targeted at small to medium private limited broking organisations. ACE has also simplified the financial settlement and accounting process by working with Premium Credit Limited to develop a scheme that significantly reduces the finance and reconciliation processes.