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ACE Progress ReportsSM

Critical research on current and emerging risk management issues

Sweeping Healthcare Changes Renew Focus on Environmental Risks of Construction
February 2015
Healthcare Advisory

Hospitals and other healthcare providers are building new, state-of-the-art facilities and renovating existing facilities at a record pace. However, healthcare organizations face potential environmental risks during construction and renovation projects. ACE's new advisory details ways to help address these critical exposures and minimize the risk of pollution incidents.

ESIS HSE Advisory: The Shock of Electrical Risks
December 2014
  Ensuring electrical safety can be as simple as turning off electrical installations and equipment before beginning work. If power cannot be shut off, then personal protective equipment and other risk mitigation measures are necessary. These two steps encapsulate the overarching message of the National Fire Protection Agency: (NFPA) 70E Standard for Electrical Safety in the Workplace. These detailed recommendations form the core of Occupational Safety and Health Administration’s (OSHA) regulations.

Hospitality Risks: Keeping Pace with Emerging Exposures
December 2014

The hospitality industry faces a unique set of risk management challenges as it strives to provide the services and amenities that guests demand for their travels and vacations. This report discusses how hospitality companies can ensure their risk management strategy keep pace with evolving challenges in addition to securing the appropriate primary and excess insurance coverage.

Structuring Multinational Insurance Programs: Challenging The Assumptions of Certainty Behind Cross-Border Excess Insurance
December 2014

Structuring Multinational Insurance Programs: Challenging The Assumptions of Certainty Behind Cross-Border Excess Insurance Compliant multinational programs should consider the role and interplay of excess insurance – either for traditional property or casualty exposures or more specialist D&O, environmental, clinical trials and other risks – needing careful attention.  This report explores the significant role of excess insurance when designing a compliant multinational program.
ACE-Advisen Construction Workplace Survey: Responding to Changing Demographics
November 2014
ACE-Advisen Construction 2014 White Paper Advisen and ACE conducted a survey to better understand the issues facing the construction industry as a consequence of a changing workforce and to understand how companies are responding to the resulting challenges.  The findings can help construction companies identify and understand their own risks, and benchmark their safety and training initiatives against their peers.
ESIS HSE Advisory: Occupational Disease Investigation: Food and Consumer Good Flavorings
November 2014
  New chemical compounds are emerging in the workplace, some of which present potential occupational disease exposure issues. Even before causation between compounds and health issues is proven, employers could face employee complaints, concerns and even workers compensation claims.
ESIS Advisory. Breaking the Code to the Sustainable Electronics Supply Chain
October 2014
  Some of the world’s leading electronics companies are transforming their global supply chains. Through the Electronic Industry Citizenship Coalition (EICC) Code of Conduct they are working together to improve efficiency and social, ethical, and environmental responsibility.
Storage Tanks:  Overcoming the New Regulatory and Financial Hurdles
September 2014
 Storage Tank Advisory Businesses that use underground petroleum storage tanks face a number of new challenges. This report discusses specific state and federal regulatory changes and financial responsibility requirements.  Additionally, it presents underground storage tank business owners and operators with strategies to better manage day-to-day exposures and ensure the appropriate insurance coverage is in place.
Managing Real Estate Liability Risk in a Changed Market
July 2014
Real Estate Advisory The U.S. commercial real estate market continues to face a range of risk management challenges as a result of shifts in the financial market. As the market returns to more normal conditions, risk management considerations that had been put aside are now again coming to the forefront. This report examines how companies can mitigate exposures by reinforcing their risk management efforts, developing strategies to address both immediate and emerging exposures and reviewing primary and excess coverage.
Global Construction: International Opportunities, Local Risk- Building a Multinational Insurance Program for Contractors
May 2014
  In today’s global marketplace, construction companies are looking to expand operations in various countries worldwide. Securing the right insurance coverage across multiple borders can play a crucial role in the overall success of global projects. This report explores the expansion of global construction and the importance of adhering to local regulatory requirements through a focused approach of proper loss controls and the implementation of a well-structured global insurance program.
Environmental Liability: How to Structure a Multinational Insurance Program?
April 2014
 Environmental Liability White Paper In recent years, the legal frameworks for environmental protection have been strengthened in many countries, including the US, EU, Australia, China, India and Brazil. This new report by ACE and Clyde & Co analyses the liability implications of these changes for multinational companies and provides a checklist of questions that they should ask when developing a multinational environmental impairment insurance program.
Managing the Growing Risk of False Claims Act Liabilities
April 2014
  ACE’s new advisory details the unprecedented increase in liability risk as government agencies aggressively use the False Claims Act (FCA) to enforce the complex regulations governing insurance programs, and emphasizes the need for health care organizations to take proactive steps to address this evolving exposure.
Cloud Computing: Is Your Company Weighing Both Benefits & Risks?
April 2014
 International Employers' Liability Trends Affecting the Manufacturing Sector Cloud computing is a landscape altering technology that is enjoying increasing rates of adoption — often implemented, however, without taking sufficient risk management precautions. Recognizing the widespread use of cloud computing has both significant benefits and risks, ACE’s new white paper identifies the key business benefits of cloud computing and explores ways to proactively mitigate potential risks.
Capturing Consistency and Control: Five Strategies to Improve Multinational Business Travel Accident Risk Management
April 2014
 International Employers' Liability Trends Affecting the Manufacturing Sector ACE’s market report explores the complex subject of multinational accident insurance programs, identifies the primary issues risk managers encounter when placing these programs, and presents five key strategies to consider when evaluating present day Accident & Health insurance plans.

ESIS.  Building An Effective Strategy For Managing Construction Risk
April 2014

 ESIS Building An Effective Strategy For Managing Construction Risk Even the most safety-conscious company may experience accidents, so it is crucial to have the resources to effectively handle claims, help workers recover, and avoid future accidents. A comprehensive risk management strategy starts with a dedication to continually improve safety but should extend through the entire claims process, and include loss trends and analysis to identify areas for improvement and drive cost savings.

ESIS Advisory. Energy Exploration & Production: Transportation Risk
April 2014

 Esis Advisory. Energy Exploration & Production: Transportation Risk This paper addresses transportation risk trends emerging in the upstream oil and gas exploration and production business and delves into some of the root causes and related risks. We also explore best practices and steps that producers and oilfield service providers can apply to protect their employees, stakeholders and the communities in which they work.
Product Recall Insurance – Five Reasons Why Companies Should Strongly Consider Its Purchase
April 2014
 International Employers' Liability Trends Affecting the Manufacturing Sector Product recall insurance is one of the most important insurance policies that should be purchased by companies who put products into the global stream of commerce. While most large organizations purchase the insurance, many other businesses do not.
International Employers' Liability Trends Affecting the Manufacturing Sector
January 2014
 International Employers' Liability Trends Affecting the Manufacturing Sector This advisory examines the rising cost and major expense of employers' liability insurance for U.S.-based manufacturing companies operating outside of the United States.  The advisory discusses issues surrounding the management of employers' liability expenses and the importance of adhering to local regulatory requirements through a focused approach of proper loss controls and the implementation of a well-structured global insurance program.
New ACE Environmental Advisory Discusses Contractor Compliance with
OSHA’s New Hazard Communications Standard

November 2013
This advisory discusses the challenges facing contractors as they work to understand and comply with OSHA’s revised Hazard Communications (HazCom) Standard. The Standard has been updated to more effectively classify hazardous chemicals and products, and to communicate the associated dangers using standardized label elements and safety data sheets. In accordance with the HazCom Standard, contractors must comply with new training requirements by December 1, 2013.
Environmental Risks Related to Healthcare Construction Projects
November 2013
The advisory discusses the potential risks and considerations healthcare organizations should identify during new construction or renovation projects. The advisory also examines opportunities to help mitigate the risks of potential pollutant exposures and describes how healthcare organizations can meet higher standards of care and take a proactive approach to risk management to help minimize the potentially harmful effects of pollutants during construction.
Building a Successful Construction Wrap-up Program
November 2013
This new report discusses developing a comprehensive strategy to manage the associated risks of a particular construction project while also helping to reduce costs related to those risks and exposures, including the cost of insurance. Additionally, the report emphasizes that communication and coordination among all parties involved in a wrap-up program, from the sponsor to the broker and insurer, is a key component to ensuring the same goal-- a successful project.
ACE-Advisen: Construction Safety in a Recovering Market Survey Results
November 2013
This paper details robust safety programs in the construction industry and how they translate into substantial financial rewards for general contractors and subcontractors in the form of lower workers compensation costs, fewer project delays and competitive advantages.  Originally presented at IRMI on November 18th.
Innovations in Flood Insurance Protection
November 2013
This paper explores innovations in flood insurance protection brought to market since Superstorm Sandy made landfall in October, 2012. This includes the introduction of flood reinstatement coverage, which provides excess of loss insurance above the remaining limits of protection in the underlying property insurance policy.
New ACE Advisory Examines the Increased Management Liability Risks for the Health Care Industry
September 2013
This paper details recent regulatory changes and emphasizes the importance of having a state-of-the-art management liability insurance program in place to protect health care organizations from these potential threats.
New ACE White Paper Discusses New Regulations Impacting Fleet Safety
July 2013
Fleet safety has often been a source of serious concern within the trucking industry, but it has now evolved into one of the industry’s most critical issues as it seeks to comply with a tough new federal program aimed at reducing crashes and improving safety records.
M&A Risk Management: Global Environmental Liability
July 2013
This paper discusses M&A global environmental liability trends in the context of the exposures they create as well as ways to effectively manage and transfer these risks.
Protecting Against Environmental Risks in the Global Marketplace
April 2013
The global economy has opened up new markets and new opportunities for businesses around the world. At the same time, countries around the world are putting an increased focus on protecting the environment. Businesses that are prepared to meet expanding environmental challenges are most likely to succeed in the new global marketplace.
Building a Proactive Safety Culture in the Construction Industry
April 2013
In a high-hazard industry like construction, safety is an investment that provides real benefits. A safe work environment helps to keep skilled employees on the job and projects on track by reducing accidents that result in injuries and schedule delays, while also reducing the risks of litigation and regulatory action. A strong safety record enhances a company’s reputation, makes it more competitive and helps to manage insurance costs over time.
M&A Risk Management: Collateral Liabilities and Solutions
March 2013
This paper discusses how to address collateral responsibilities from an efficient risk transfer standpoint and highlights factors potential purchasers may need to address.
Structuring Multinational Insurance Programs: Cross-Border Challenges and Solutions for the Marine Market
February 2013
This report sets out the general principles that need to be considered when developing a multinational program and to which extent they apply to the specialized context of marine insurance, Contractors All Risk (CAR) and Erection All Risk (EAR).
Renewable Energy: the Right Risk Partner Makes the Difference
December 2012
Renewable sources play an increasingly important role in producing sustainable energy and contribute a rapidly growing share of the world’s energy needs. Whether at the financing, construction, handover or operational stage, the failure to appropriately identify, manage, control and transfer risk is one of the factors most likely to jeopardize a renewable energy business. As part of a proactive risk management strategy, owners, operators and developers of renewable resources should look for an insurer that provides seamless coverage and for risk management assistance throughout the project lifecycle. Download the paper to learn more.
Compassionate Use: Balancing Compassion and Risk in Clinical Trials
December 2012
Pharmaceutical companies conducting clinical trials of investigational drugs and devices are increasingly faced with requests to provide the treatment being studied to patients under the compassionate use exception to federal regulations. When drug companies don’t address whether they will provide compassionate use of a test drug to test subjects prior to the start of a trial, they run the risk of creating a potential lose/lose situation for everyone. This paper discusses how pharmaceutical companies can mitigate these risks.
ACE Environmental Advisory - Legionella: Minimizing the Risk During Construction
November 2012
Contractors today must deal with a wide range of pollution risks on projects of almost all sizes. Besides well known issues such as mold, lead paint, asbestos, and silica, contractors should be aware of the dangers posed by legionella pneumophilia, the bacteria that cause the potentially fatal Legionnaires’ disease. A proactive risk management strategy can help to mitigate the exposures posed by legionella.
ACE Environmental Advisory - Legionella and Mold: Construction and Renovation Risks at Healthcare Facilities
October 2012
Construction and renovation projects pose special challenges for hospitals and other healthcare facilities. The responsibility for providing high quality, safe care must remain the top priority even during hospital renovation projects. Building projects at healthcare facilities need to be planned and managed to minimize the potential risks from a range of pollutants, including mold and legionella.
Structuring Multinational Insurance Programs: Cross-border Challenges to Business Travel & Personal Accident Insurance
August 2012
This report discusses the challenges faced by multinational accident and health programs, explores best practices on how to structure multinational business travel and group personal accident insurance programs, and offers a checklist of factors to consider when insuring employees under these programs.
Structuring Multinational Insurance Programmes: Cross-Border Challenges to Side A Directors & Officers Liability Insurance
April 2012
Read the report This report addresses the complex challenges of identifying and underwriting a multinational D&O program and the difficult question of structuring locally compliant Side A insurance in conjunction with it.
Global Catastrophe Survival Guide: New Challenges to Casualty Risk Management
February 2012
Risk managers must come to terms with the changing nature of the catastrophe risks they face as their businesses expand around the globe. This paper discusses new challenges to casualty risk management and highlights the importance of developing effective catastrophe management plans.
Uninsured Motorist and Underinsured Motorist Coverage
February 2012
Uninsured Motorist and Underinsured Motorist Coverage Large national and multinational organizations often seek to reject UM/UIM/PIP coverage or purchase the minimum amount allowable by state. However, each state has differing rules and requirements to document these coverage elections. Risk managers currently spend a significant amount of time and resources documenting and executing their UM/UIM/PIP coverage elections. In order to streamline this process, ACE has developed an online web-based portal that allows a risk manager to answer a series of questions that will facilitate documenting their coverage elections.
Structuring Multinational Insurance Programs: The Emerging Regulatory Challenge to Non-admitted Insurance
February 2012
Emerging Regulatory Challenge to Non-admitted Insurance This report discusses three recent regulatory enforcement actions in Brazil, India and the United States, each of which challenges some of the assumptions behind the most common forms of non-admitted insurance.
Pollution: The Unrecognized Risk of Business Operations
February 2012
Pollution: The Unrecognized Risk of Business Operations As society grows ever more environmentally aware, a far broader spectrum of enterprises face new, and often unrecognized, pollution risks from their day-to-day operations. This paper discusses the pollution risks faced by businesses, and the range of activities of businesses today that are subject to continually evolving environmental laws and regulations at the federal, state and local level.
Insights into Cross-Border Insurance Regulation in Canada
November 2011
Insights into Cross-Border Insurance Regulation in Canada The international risk management community is eager to understand how to buy insurance seamlessly, cost-effectively and in a compliant manner for multinational enterprises with risks in Canada. Authored by Suresh Krishnan and Fernand Vartanian, this paper offers insight into cross-border insurance regulation.
Social Media: The Business Benefits May Be Enormous, But Can the Risks - Reputational, Legal, Operational - Be Mitigated?
April 2011
In less than a decade, social media, in many ways, seems to have “taken over the world.” This report discusses the risks and benefits of companies engaging in social media as well as solutions for addressing these risks.  
Structuring Multinational Insurance Programs: Current Challenges in Argentina, Brazil and Mexico
July 2011
This report discusses how to effectively provide seamless, cost-effective and compliant insurance across national borders to multinational enterprises in Argentina, Brazil, Mexico and other Latin American countries.
Structuring Multinational Insurance Programs: Solvency II and its Potential Impact on Captive Insurance Companies – Considering the Alternatives
June 2011
The sixth in the ACE Progress Report series to focus on various aspects of multinational insurance programs, this report identifies the potential impact of the European Union’s Solvency II regulatory requirements on captive insurance companies, and offers an alternative insurance structure for risk managers of multinational companies to consider.
Structuring Multinational Insurance Programmes: Current Challenges in Australia, New Zealand and the Asia-Pacific Region
May 2011
This report outlines the regulatory and execution challenges involved in purchasing globally coordinated insurance programs, analyzes laws related to “insurable interest” in several Asia-Pacific countries, and includes a checklist of questions that participants in a multinational insurance program should consider when underwriting such a program.
What Does CSA Mean for Commercial Trucking Companies?
May 2011
This article will attempt to clarify important aspects of Compliance, Safety, Accountability Act (CSA), and suggest how to understand their overall impact.
M&A Risk Management: Avoiding Pitfalls, Finding Solutions
April 2011
This white paper is a roadmap to guide private equity firms and corporate M&A dealmakers through the M&A risk identification process and present insurance solutions to mitigate the exposures.
Structuring Multinational Insurance Programs: Addressing the Taxation and Transfer Pricing Challenge
February 2011
Sophisticated buyers of multinational insurance programs expect consistent coverage, superior service and execution certainty; however, taxation and transfer pricing should also be a central component of the design and implementation of a compliant multinational insurance program. This report explores factors that risk managers and their financial colleagues should consider -- with respect to transfer pricing -- when designing and implementing a multinational insurance program.
Structuring Multinational Insurance Programmes in Europe: Intragroup Risk Financing – Considering the Issues
October 2012
What do I need to consider when my insurer in Europe pays out on a claim relating to a loss in another country where it is an unlicensed carrier? Because every insurance policy is first and foremost a ‘promise to pay’ in the event that the unexpected happens, this is, perhaps, the single most important question for European risk managers to consider before structuring a multinational insurance programme.