Arch Introduces Participant Accident Coverage for Camps and Child Education Centers Through the Arch APEX℠ Platform

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Arch Insurance North America introduces Participant Accident coverage for child education centers and camps through the Arch APEX digital platform, streamlining the insurance process and emphasizing ease of doing business.

Arch APEX℠ Digital Portal Enables its Brokers to Bind Participant Accident Coverage in Minutes

NEW YORK--(BUSINESS WIRE)-- Arch Insurance North America (Arch), a provider of specialized insurance and risk management solutions, today unveiled its latest products available through the Arch APEX℠ digital platform. Participant Accident coverage is now available for child education centers, child development centers, nursery schools, preschools and after-school programs. Camp coverage includes day and overnight camps that offer sports and non-sports activities.

This addition marks another strategic expansion of the products available through the Arch APEX portal, continuing Arch’s goal of making insurance easily and quickly available to distribution partners through its digital platform.

Jim Villa, SVP of Arch Accident & Health, commented on the launch: "Recognizing the specific insurance needs of camps and child education centers, particularly concerning accident protection for participants, is paramount. Accentuating the offer through the APEX platform highlights our commitment to ensuring ease of doing business with Arch.”

Arch’s APEX platform streamlines the insurance process by systematizing the steps needed to quote, bind and issue policies. The innovative online process simplifies what traditionally took hours or days to complete. This platform not only enhances the efficiency with which agents and brokers can serve their clients but also contributes to increased satisfaction and potential revenue growth for agencies.

For additional information on how this Participant Accident coverage can benefit camps, childcare services or other organizations, please visit the Arch website at https://www.archaccidenthealth.com/solutions/affinity-groups/participant-accident/ or reach out to our dedicated team at 855-951-2328.

About Arch Accident & Health:

Arch Accident & Health is a leading provider of innovative insurance solutions, committed to redefining industry standards through technological advancements and unparalleled client support. With a focus on excellence and a dedication to delivering value-driven products, Arch Accident & Health continues to lead the way in the insurance sector.

About Arch Insurance North America

Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch’s insurance operations in the United States and Canada. Business in the U.S. is written by Arch Insurance Company, Arch Specialty Insurance Company, Arch Property & Casualty Insurance Company and Arch Indemnity Insurance Company. Business in Canada is written by Arch Insurance Canada Ltd.

About Arch Capital Group Ltd.

Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $21.1 billion in capital at Dec. 31, 2023. Arch, which is part of the S&P 500 Index, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

Cautionary Note Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward−looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward−looking statements, which reflect the Company’s current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward−looking statements.

Forward−looking statements can generally be identified by the use of forward−looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward−looking statements involve the Company’s current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses the Company has acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to the Company of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to the Company; a disruption caused by cyber-attacks or other technology breaches or failures on the Company or the Company’s business partners and service providers, which could negatively impact the Company’s business and/or expose the Company to litigation; and other factors identified in our filings with the U.S. Securities and Exchange Commission (“SEC”).

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward−looking statements attributable to us or persons acting on the Company’s behalf are expressly qualified in their entirety by these cautionary statements. The Company undertakes no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.

Source — Arch Insurance North America
Tag — arch-insurance

View source version on businesswire.com: https://www.businesswire.com/news/home/20240328709815/en/

Media Contact:

Stephanie Perez

stperez@archgroup.com

Source: Arch Capital Group Ltd.

FAQ

What new products are available through the Arch APEX digital platform?

Participant Accident coverage for child education centers, child development centers, nursery schools, preschools, after-school programs, day camps, and overnight camps.

Who commented on the launch of the new products?

Jim Villa, SVP of Arch Accident & Health.

How does the Arch APEX platform simplify the insurance process?

By systematizing the steps needed to quote, bind, and issue policies, reducing the time taken from hours to minutes.

What is the contact information provided for additional information on Participant Accident coverage?

Visit the Arch website at https://www.archaccidenthealth.com/solutions/affinity-groups/participant-accident/ or reach out to the team at 855-951-2328.