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Assurant 
Insurance and reinsurance / Insurance and Risk Management
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Assurant is a global provider of risk management solutions, protecting what matters most to its clients. Established in 1892, the company has grown to become a Fortune 500 company with over 17,000 employees worldwide. Assurant offers a wide range of products and services, including insurance, extended warranties, and asset management solutions, to over 300 million customers in over 80 countries.
Assurant's primary focus is on protecting the connected lifestyle of its customers, with products and services that safeguard their homes, vehicles, pets, and digital technology. The company partners with major retailers, financial institutions, and other companies to provide customized protection for their customers.
Assurant is committed to corporate social responsibility and actively works to promote environmental sustainability and social responsibility in its operations. The company has received numerous awards for its commitment to diversity and inclusion, eco-friendliness, and corporate citizenship.
Headquartered in New York City, Assurant has offices in North America, Latin America, Europe, and Asia. The company is publicly traded on the New York Stock Exchange under the ticker symbol AIZ. Assurant's mission is to help its customers protect what matters most, providing peace of mind and financial security in the face of unexpected events.
Products and Services Offered
Assurant offers a diverse range of insurance and risk management products and services to individuals, families, and businesses. These include:
1. Property Insurance: Assurant provides property insurance for homes, rental properties, and businesses. Their coverage includes protection against natural disasters, theft, and damage from fire, water, and other hazards.
2. Specialty Protection: This includes extended warranties, service contracts, and protection plans for consumer electronics, appliances, and other high-value purchases.
3. Mortgage Solutions: Assurant offers mortgage insurance to protect lenders and homeowners in the event of default, as well as property preservation services for foreclosed properties.
4. Lifestyle Protection: This includes insurance for pets, identity theft protection, and credit insurance.
5. Preneed Insurance: Assurant offers preneed insurance to cover the costs of funeral and burial expenses.
6. Workplace Benefits: Assurant provides a variety of employee benefits, such as dental, vision, and disability insurance, as well as retirement plans and supplemental insurance.
7. Risk Management: Assurant partners with clients to assess and mitigate risks in their businesses, offering solutions for property, liability, and cybersecurity risks.
In addition to these insurance and risk management products and services, Assurant also offers asset management solutions through its Assurant Asset Management division. This includes collateral protection, risk mitigation, and recovery services for lenders and vehicle dealerships.
Corporate Social Responsibility
Assurant is committed to corporate social responsibility, striving to make a positive impact on the environment, society, and its communities. The company's CSR initiatives include:
1. Environmental Sustainability: Assurant has set emissions reduction targets and is working to reduce its carbon footprint through initiatives such as energy-efficient buildings and sustainable business practices.
2. Diversity and Inclusion: Assurant promotes diversity and inclusion in its workforce and has received recognition for its efforts in creating a diverse and inclusive workplace.
3. Employee Volunteerism: The company encourages its employees to volunteer in their communities and offers paid volunteer time off to support this effort.
4. Community Support: Assurant provides financial support and volunteers for various community organizations and causes, focusing on education, health, and financial stability.
5. Responsible Business Practices: Assurant follows ethical business practices and holds itself to high standards of integrity, transparency, and accountability.
In addition, Assurant has been recognized for its efforts in social responsibility and sustainability, including being named a World's Most Ethical Company by the Ethisphere Institute and receiving a perfect score on the Human Rights Campaign Corporate Equality Index.
Assurant's primary focus is on protecting the connected lifestyle of its customers, with products and services that safeguard their homes, vehicles, pets, and digital technology. The company partners with major retailers, financial institutions, and other companies to provide customized protection for their customers.
Assurant is committed to corporate social responsibility and actively works to promote environmental sustainability and social responsibility in its operations. The company has received numerous awards for its commitment to diversity and inclusion, eco-friendliness, and corporate citizenship.
Headquartered in New York City, Assurant has offices in North America, Latin America, Europe, and Asia. The company is publicly traded on the New York Stock Exchange under the ticker symbol AIZ. Assurant's mission is to help its customers protect what matters most, providing peace of mind and financial security in the face of unexpected events.
Products and Services Offered
Assurant offers a diverse range of insurance and risk management products and services to individuals, families, and businesses. These include:
1. Property Insurance: Assurant provides property insurance for homes, rental properties, and businesses. Their coverage includes protection against natural disasters, theft, and damage from fire, water, and other hazards.
2. Specialty Protection: This includes extended warranties, service contracts, and protection plans for consumer electronics, appliances, and other high-value purchases.
3. Mortgage Solutions: Assurant offers mortgage insurance to protect lenders and homeowners in the event of default, as well as property preservation services for foreclosed properties.
4. Lifestyle Protection: This includes insurance for pets, identity theft protection, and credit insurance.
5. Preneed Insurance: Assurant offers preneed insurance to cover the costs of funeral and burial expenses.
6. Workplace Benefits: Assurant provides a variety of employee benefits, such as dental, vision, and disability insurance, as well as retirement plans and supplemental insurance.
7. Risk Management: Assurant partners with clients to assess and mitigate risks in their businesses, offering solutions for property, liability, and cybersecurity risks.
In addition to these insurance and risk management products and services, Assurant also offers asset management solutions through its Assurant Asset Management division. This includes collateral protection, risk mitigation, and recovery services for lenders and vehicle dealerships.
Corporate Social Responsibility
Assurant is committed to corporate social responsibility, striving to make a positive impact on the environment, society, and its communities. The company's CSR initiatives include:
1. Environmental Sustainability: Assurant has set emissions reduction targets and is working to reduce its carbon footprint through initiatives such as energy-efficient buildings and sustainable business practices.
2. Diversity and Inclusion: Assurant promotes diversity and inclusion in its workforce and has received recognition for its efforts in creating a diverse and inclusive workplace.
3. Employee Volunteerism: The company encourages its employees to volunteer in their communities and offers paid volunteer time off to support this effort.
4. Community Support: Assurant provides financial support and volunteers for various community organizations and causes, focusing on education, health, and financial stability.
5. Responsible Business Practices: Assurant follows ethical business practices and holds itself to high standards of integrity, transparency, and accountability.
In addition, Assurant has been recognized for its efforts in social responsibility and sustainability, including being named a World's Most Ethical Company by the Ethisphere Institute and receiving a perfect score on the Human Rights Campaign Corporate Equality Index.
What is special about the company?
1. Established history: Assurant has been in operation for over 125 years, making them one of the oldest and most reliable insurance companies in the world.
2. Diverse portfolio: The company offers a wide range of insurance products and services, including risk management, health insurance, and solutions for the housing and financial industries.
3. Global presence: Assurant operates in 21 countries across North America, Latin America, Europe, and Asia-Pacific, providing its services to over 300 million customers worldwide.
4. Financial strength: Assurant is a Fortune 500 company with strong financial ratings from major credit rating agencies, making the company a stable and secure choice for customers.
5. Customer focus: Assurant prides itself on its customer-centric approach, offering personalized solutions and excellent customer service to meet the unique needs of each client.
6. Innovation: The company embraces technology and innovation to improve their products and services, ensuring that they stay ahead of the curve and meet the evolving needs of their customers.
7. Corporate social responsibility: Assurant is committed to supporting communities and giving back through its charitable foundation and volunteer initiatives.
8. Award-winning: The company has received numerous awards and recognition for its products, services, and corporate culture, including being named one of the World's Most Ethical Companies by the Ethisphere Institute.
2. Diverse portfolio: The company offers a wide range of insurance products and services, including risk management, health insurance, and solutions for the housing and financial industries.
3. Global presence: Assurant operates in 21 countries across North America, Latin America, Europe, and Asia-Pacific, providing its services to over 300 million customers worldwide.
4. Financial strength: Assurant is a Fortune 500 company with strong financial ratings from major credit rating agencies, making the company a stable and secure choice for customers.
5. Customer focus: Assurant prides itself on its customer-centric approach, offering personalized solutions and excellent customer service to meet the unique needs of each client.
6. Innovation: The company embraces technology and innovation to improve their products and services, ensuring that they stay ahead of the curve and meet the evolving needs of their customers.
7. Corporate social responsibility: Assurant is committed to supporting communities and giving back through its charitable foundation and volunteer initiatives.
8. Award-winning: The company has received numerous awards and recognition for its products, services, and corporate culture, including being named one of the World's Most Ethical Companies by the Ethisphere Institute.
What the company's business model?
Assurant is a global provider of risk management products and services, with a focus on specialized insurance solutions and related services. Their business model is centered around providing insurance and other risk management products to their clients, primarily in the housing, lifestyle, and financial sectors.
Assurant operates through three main segments: Global Housing, Global Lifestyle, and Global Preneed. Each segment offers a variety of insurance products tailored to meet the unique needs of their customers. Some of the products and services offered by Assurant include:
1. Renters Insurance: Assurant offers renters insurance to protect policyholders from financial losses due to theft, damage, or liability claims.
2. Mortgage Solutions: They provide insurance products and services for mortgage lenders and financial institutions, such as hazard insurance, title insurance, flood insurance, and other related services.
3. Mobile Device Protection: Assurant offers device protection plans for mobile phones, tablets, and other electronic devices.
4. Extended Warranty: They offer extended warranty plans for appliances, electronics, and other consumer products.
5. Life and Preneed Insurance: Assurant provides life and preneed insurance products to help families and individuals protect against financial uncertainty.
6. Employee Benefits: They offer various employee benefits products and services, including group dental, vision, and disability insurance, and voluntary benefits.
In addition to these core products, Assurant also offers a range of other services, such as risk management consulting, data and analytics, and technology solutions.
The company generates revenue primarily through premiums from insurance policies, fees for services, and other related income. Their business model is based on managing risk, providing innovative solutions, and delivering excellent customer service to its clients worldwide.
Assurant operates through three main segments: Global Housing, Global Lifestyle, and Global Preneed. Each segment offers a variety of insurance products tailored to meet the unique needs of their customers. Some of the products and services offered by Assurant include:
1. Renters Insurance: Assurant offers renters insurance to protect policyholders from financial losses due to theft, damage, or liability claims.
2. Mortgage Solutions: They provide insurance products and services for mortgage lenders and financial institutions, such as hazard insurance, title insurance, flood insurance, and other related services.
3. Mobile Device Protection: Assurant offers device protection plans for mobile phones, tablets, and other electronic devices.
4. Extended Warranty: They offer extended warranty plans for appliances, electronics, and other consumer products.
5. Life and Preneed Insurance: Assurant provides life and preneed insurance products to help families and individuals protect against financial uncertainty.
6. Employee Benefits: They offer various employee benefits products and services, including group dental, vision, and disability insurance, and voluntary benefits.
In addition to these core products, Assurant also offers a range of other services, such as risk management consulting, data and analytics, and technology solutions.
The company generates revenue primarily through premiums from insurance policies, fees for services, and other related income. Their business model is based on managing risk, providing innovative solutions, and delivering excellent customer service to its clients worldwide.
Interesting facts about the company
1. Assurant was founded in 1892 as the LaCrosse Mutual Aid Association in Wisconsin, USA. It was then incorporated as the Assurant Corporation in 1969.
2. The company’s name is a combination of the words assurance and durability, reflecting its commitment to providing long-lasting insurance coverage to its customers.
3. Assurant has over 14,000 employees worldwide, with operations in North America, Latin America, Europe, and Asia.
4. The company provides a wide range of insurance products and services, including home, renters, flood, and vehicle insurance, as well as extended warranty and other risk management services.
5. In 2020, Assurant ranked #311 on the Fortune 500 list of the largest US companies by revenue.
6. Assurant has been recognized for its commitment to diversity and inclusion, with a place on the Forbes’ America’s Best Employers for Diversity list in 2020.
7. The company has a strong focus on corporate social responsibility, with efforts to support communities and promote a sustainable environment.
8. Assurant is a Fortune 500 company that has consistently reported strong financial results, with revenues of $8.1 billion in 2020.
9. Assurant has been highly ranked for its customer service, earning recognition from J.D. Power for its home, renters, and vehicle insurance customer satisfaction.
10. The company has a strong commitment to innovation and technology, including the development of a mobile app that allows customers to manage their insurance policies and file claims.
See Company Analysis
2. The company’s name is a combination of the words assurance and durability, reflecting its commitment to providing long-lasting insurance coverage to its customers.
3. Assurant has over 14,000 employees worldwide, with operations in North America, Latin America, Europe, and Asia.
4. The company provides a wide range of insurance products and services, including home, renters, flood, and vehicle insurance, as well as extended warranty and other risk management services.
5. In 2020, Assurant ranked #311 on the Fortune 500 list of the largest US companies by revenue.
6. Assurant has been recognized for its commitment to diversity and inclusion, with a place on the Forbes’ America’s Best Employers for Diversity list in 2020.
7. The company has a strong focus on corporate social responsibility, with efforts to support communities and promote a sustainable environment.
8. Assurant is a Fortune 500 company that has consistently reported strong financial results, with revenues of $8.1 billion in 2020.
9. Assurant has been highly ranked for its customer service, earning recognition from J.D. Power for its home, renters, and vehicle insurance customer satisfaction.
10. The company has a strong commitment to innovation and technology, including the development of a mobile app that allows customers to manage their insurance policies and file claims.
See Company Analysis
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