ACE Insurance, part of the ACE Group of insurance and reinsurance
companies, today announced the successful launch of a new insurance
product in Malaysia and Indonesia. In both these countries, the ACE
Home Guard combines home insurance with personal insurance coverage
for the policy holder to give comprehensive protection.
As the name implies, the ACE Home Guard encompasses a protection plan
that safeguards the insured’s home property and also provides protection
in the event of personal injury or disability. The inclusion of coverage
for accidental death and/or disability for policy holders differentiates
the ACE Home Guard from the existing home insurance product variations
in Malaysia and Indonesia. In addition, ACE Home Guard offers a broader
range of coverage i.e. the policy holder can make a claim following
physical damage to the property or when circumstances prevent the home
owner from being able to live in their place of residence.
The ACE Home Guard is a viable solution for individuals who are not
insured or who inadequately insure their personal possessions and/or
place of residence. The product can be sold to anyone unlike the
standard home insurance products for which purchase is restricted to the
owner. In Malaysia and Indonesia where shared living is commonplace,
this integrated protection is practical and relevant.
According to Marcello Nusiner, Vice President and A&H Underwriting
Manager of Accident & Health, ACE Asia Pacific, “The ACE Home Guard
product is innovative because it effectively blends the best of personal
protection with coverage for personal property. As risks grow, our goal
is to stay competitive by monitoring lifestyle and market trends so that
we develop useful and affordable protection to meet the diverse risk
mitigation needs of consumers.”
The ACE Insurance franchise in Asia Pacific comprises an extensive
network of operations serving Australia, Hong Kong, Indonesia, Korea,
Macau, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand
and Vietnam. The franchise offers a diverse range of products, including
its core Property & Casualty and Accident & Health lines, as well as its
growing Small to Medium Enterprise and Personal Lines businesses. ACE
Insurance is part of the ACE Group, one of the world’s largest multiline
property and casualty insurers. Headed by ACE Limited (NYSE: ACE), a
component of the S&P 500 stock index, the ACE Group conducts its
business on a worldwide basis with operating subsidiaries in more than
for more details.
ACE Insurance, ACE Group of Companies and ACE Limited are registered
trademarks of ACE Limited.
Michele Anne Minjoot