ACE and @Nifty Announce Launch of Japan's First Real-Time Online Insurance Service.PHILADELPHIA--(BUSINESS WIRE)--Nov. 11, 1999-- ACE Insurance in Japan and @nifty, the largest Japanese Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of computer giant Fujitsu, recently announced the launch of "@nifty insurance." The joint marketing initiative will offer @nifty's 3.5 million registered subscribers direct access through the Internet to insurance products and customer services provided by ACE Insurance in Japan. The @nifty insurance service, which can be accessed at www.nifty.com/insurance, provides the first real-time, online underwriting, payment and policy-issuance capabilities in Japan. The service also features integrated customer and call-center services for seamless accessibility for customers. Beginning November 19, @nifty customers will be able to purchase ACE Overseas Travel Accident insurance through @nifty insurance. ACE Golfer Insurance will be available through the site starting November 26. Plans call for adding ACE Personal Accident Insurance and additional insurance products to the @nifty insurance product list by the end of the year. ACE Insurance in Japan is part of ACE International, the international operations of ACE INA Ina (ē`nä), city (1990 pop. 60,062), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural and industrial center with a famous agricultural school. Holdings, Inc., a wholly owned subsidiary of ACE Limited (NYSE NYSE See: New York Stock Exchange : ACL See access control list. 1. ACL - Access Control List. 2. ACL - Association for Computational Linguistics. 3. ACL - A Coroutine Language. A Pascal-based implementation of coroutines. ["Coroutines", C.D. ). The ACE Group of Companies provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. for a diverse group of clients. The company conducts its business on a global basis with operating subsidiaries in nearly 50 countries. Additional information can be found at www.acelimited.com. |
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