ACE GROUP - PowerPoint PPT Presentation

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ACE GROUP

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ACE GROUP Union of Myanmar Federation of Chamber of Commerce and Industry & The United States Chamber of Commerce US-Myanmar Economic Relations: The Path Forward – PowerPoint PPT presentation

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Title: ACE GROUP


1
ACE GROUP
  • Union of Myanmar Federation of Chamber of
    Commerce and Industry
  • The United States Chamber of Commerce
  • US-Myanmar Economic Relations The Path Forward
  • Yangon, Myanmar
  • February 25, 2013

2
Who We Are
  • The worlds eighth-largest multiline Property
    Casualty insurer, based on market capitalization
    of US27.2 billion.
  • A truly global company, with local operations in
    53 countries.
  • Insurance is our only business commercial and
    personal PC, Personal Accident, Supplemental
    Health, Reinsurance and Life.
  • ACE Limited, parent company of the ACE Group, is
    listed on the New York Stock Exchange (NYSE ACE)
    and is a component of the SP 500 index.
  • Exceptional financial strength, managing risk
    conservatively in both underwriting and
    investing.
  • Core operating insurance companies are rated
    AA- (Very Strong) for Financial Strength by
    SP and A (Superior) by A.M. Best.
  • As of December 31, 2012

3
  • Myanmar
  • Insurance, Society Economy

4
Ways Insurance Helps Promote Protect Economic
Growth
  • Encourages and Marshalls national savings
  • Spreads Risk and Reduces Volatility
  • Compliments and/or Substitutes Government Social
    Security Schemes (taking pressure off of
    government-funded schemes)
  • Makes Trade, Investment and Commerce possible
    (Particularly International)
  • Enhances private and public organizations risk
    management
  • Protects individual and corporate assets,
    attracts capital and sustains infrastructure
    development
  • Provides much-needed protection and capital
    following natural catastrophes e.g., 2008 Cyclone
    Nargis which caused over US10 Billion in damages

5
Ways Insurance Helps Promote Protect Economic
Growth
  • Savings
  • Mechanisms for personal savings e.g., Endowment
    Policies, etc.
  • Mechanisms for protecting personal savings e.g.,
    Credit Life, Term Insurance
  • Stabilizes Organizations Enhances
    Competitiveness
  • SME Segment Efficient, streamlined insurance
    products protect assets, liabilities and
    employees e.g., Property (Fire), Third-Party
    Liability Workers Compensation
  • Export Segment Trade Credit Insurance Marine
    Cargo Insurance and Export Products Liability to
    facilitate the export of goods services
  • Banking Financial Services Sector Bankers
    Blanket Bond (BBB) DO Electronic Computer
    Crime (ECC) Financial Institutions Professional
    Indemnity
  • Corporate Individual Life Insurance e.g.,
    Key-Man
  • Corporate Individual Accident Health
    Hospital Income Critical Illness Overseas
    Student Assistance Travel Insurance products
    protect supplement expenses

6
THANK YOU
  • ACE Life
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