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Chubb’s Enhanced Group Insurance Products Address Duty of Care Obligations Faced by Companies

September 3, 2016 Business News No Comments Print Print Email Email

Chubb today announced the launch of two enhanced group insurance products – Group Personal Accident (GPA) and Group Business Travel (GBT) – in Singapore.http://www.tourismlegal.com.au/

As a global leader in personal accident and supplemental health insurance, Chubb understands the Duty of Care1 obligations faced by companies and organisations. In today’s race for talent and the challenge of managing a diversified workforce, the ability to fulfil their Duty of Care obligations has emerged a key differentiator for home-grown conglomerates, Small and Medium-sized Enterprises (SMEs) and multinationals. Chubb’s enhanced group insurance products incorporate improvements to help companies provide coverage that are relevant to their business and affirm their duties as responsible employers.

Some of these improvements include the broadening of entry and renewable age limits, as well as enhanced coverage for a wider scope of natural catastrophes, including the addition of eight events – cyclone, flood, landslide, tornado, volcanic eruption, windstorm, hailstorm and wildfire. Other than the above, the GPA includes an additional 20 benefits which can be customised for companies based on the needs of Singapore’s discerning employers who value their human capital. For the GBT, the Chubb Travel App will enable business travellers to travel with confidence, providing them access to the latest security alerts, medical advice and 24-hour emergency assistance.

Glen Browne, Executive Vice President and Head of Accident & Health of Chubb Asia Pacific commented, “With in-depth knowledge of the Singapore business environment, together with our superior underwriting expertise, we have been able to introduce innovative group insurance products in a timely manner. In Singapore, there were approximately 13,500 workplace injuries reported in 20142. Singapore roads are some of the safest in the world but still clocked 149 reported fatal accidents in 20153.

We recognise that companies are managing a diversified workforce and their employees are working longer, travelling further, even to remote, frontier markets. The risk exposure that they face has become more complex as their corporate footprint expands internationally.

Accompanying the product enhancement is the efficient claims and service excellence for which Chubb is renowned. We strive to enhance the customer experience of our clients with the newly launched online Chubb Claim Centre, enabling employees to make their claims anytime, anywhere and using any device, allat their own convenience.”

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