2014-08-20 07:24:38 - ACE launches CSR project to encourage university students to give back to the society
ACE Groupannounced today that its life and general insurance operations in Thailand jointly launcheda Corporate Social Responsibility (CSR) project, ‘Enhancing Lives with ACE’, to local university students. With a total financial support of THB 200,000, the initiativeis open to university students to submit CSR proposals that arein line with ACE’s over-arching philanthropic support for improving education and health, alleviating poverty and saving the environment.
Three teams will be selected from among the entries – the top team will receive up to THB 100,000 while two runner-up teams will each receive up to THB 50,000 to support their proposed CSR programs.Applications are now open until 12 September 2014.
In addition to financial support, the winning teams will have the opportunity to participate
in ACE’s Regional ‘Day of Service’in October.A regional initiative inaugurated in 2012, the ‘Day of Service’ provides an opportunity for ACE’s employees in Asia Pacific to rally together and be involved in community outreach projects and activities in their localities.
According to Mr. Rob Wilkinson, Country President of ACE’s general insurance operation in Thailand, “ACE is committed to giving back to the communities in which we live and work. We are aware that some university students have innovative ideas to help the underprivileged and contribute towards a greener environment; however, they lack the funds to implement their plans. Hence, we have introduced the ‘Enhancing Lives with ACE’ project to offer these students the opportunity to bring their ideas to fruition.”
Ms. Sally O’Hara, Country President ofACE’s life insurance operation in Thailand, added, “Apart from creating awareness among the youth of the importance of giving back to the society, the ‘Enhancing Lives with ACE’ project aims to make a difference in the lives of the less privileged and contribute towards environmental protection. ACE will therefore select quality CSR proposals that will result in visible improvements for the communities for which they are intended. We arelooking forward to receiving the proposalsfrom the students and will work closely with the winning teams to execute their plans.”
For further information, visitwww.acegroup.com/th/csr, or call 0 2611 4040 ext. 5129, or e-mail to: Thailand.ACECSR@acegroup.com
About ACE in Thailand
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. ACE's core operating insurance companies are rated AA for financial strength by Standard & Poor’s and A++ by A.M. Best.
With both general and life insurance operations, ACE has been present in Thailand for over 40 years via acquisitions by its predecessor companies. Its general insurance operation in Thailand is a branch of ACE INA Overseas Insurance Company Limited, which has been assigned a financial rating of AA- by Standard & Poor’s. The company’s product offerings include Property, Casualty, Marine, Liability, Financial Lines and Group Personal Accident insurance for corporate clients. In addition, ACE in Thailand provides a wide range of Accident & Health insurance products to retail clients through a multitude of distribution channels, of which direct marketing is its forte. The company’s market leadership position is largely attributed to its strong partnerships with financial institutions as well as retailers to tailor individual protection policies for their clients and employees.
Specifically to meet the needs of financial protection and security of its broad range of customers, ACE Life in Thailand (ACE Life Assurance Public Company Limited) offers a comprehensive range of quality life insurance products and serviceswhile ACE Life’s team of over 2,500 agents service and support customers throughout the nation. The company also partners with financial institutions and other companies to tailor individual policies for their clients and employees.