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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 Yangon, Myanmar February 25, 2013. ACE GROUP. Who We Are:.

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ACE GROUP

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  1. 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 ACE GROUP

  2. Who We Are: • The world’s eighth-largest multiline Property & Casualty insurer, based on market capitalization of US$27.2 billion.* • A truly global company, with local operations in 53 countries. • Insurance is our only business – commercial and personal P&C, 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 S&P 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 S&P 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 Marshall’s 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 US$10 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: Banker’s Blanket Bond (BBB); D&O; 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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