Assurant Company Overview

What is the Stock Ticker for Assurant?

The stock ticker for Assurant is AIZ.

Where is the Assurant headquarters?

Assurant's headquarters is located in New York City, United States.

What Does Assurant Do?

Assurant is a global provider of risk management solutions, offering a range of insurance products and services to protect homes, vehicles, and other assets. They also provide specialty insurance products such as mobile device protection and extended service contracts for consumer electronics. Additionally, Assurant offers solutions for the financial services industry, including mortgage and lender-placed insurance.

How Does Assurant Make Money?

Assurant is a global provider of risk management solutions, including insurance, extended warranties, and other protection products. The company makes money by charging premiums for its insurance policies and fees for its other protection products. Assurant operates in several different markets, including housing, lifestyle, and preneed, and offers a range of products to meet the needs of its customers.

In the housing market, Assurant provides insurance and protection products for homeowners, renters, and landlords. This includes coverage for property damage, liability, and other risks associated with owning or renting a home. Assurant also offers extended warranties for appliances and other home systems, as well as protection plans for mobile devices and other electronics.

In the lifestyle market, Assurant provides insurance and protection products for vehicles, pets, and travel. This includes coverage for auto accidents, pet illnesses and injuries, and travel disruptions. Assurant also offers extended warranties for vehicles and other consumer products, as well as roadside assistance and other services.

In the preneed market, Assurant provides insurance and protection products for funeral expenses and other end-of-life needs. This includes coverage for funeral costs, burial expenses, and other final expenses. Assurant also offers preneed insurance policies that allow customers to plan and pay for their own funeral expenses in advance.

Overall, Assurant makes money by charging premiums and fees for its insurance and protection products. The company generates revenue by selling these products to customers in various markets around the world. Assurant also earns investment income from the premiums it collects, which helps to offset the costs of claims and other expenses.

Who Founded Assurant?

Assurant was founded by J. Kerry Clayton and Ian D. Heap in 1892.

What is the History of Assurant?

Assurant is a global provider of risk management solutions, including insurance, extended warranties, and other services. The company was founded in 1892 as the LaCrosse Mutual Aid Association, a fraternal benefit society that provided life insurance to members. Over the years, the company expanded its offerings to include property and casualty insurance, health insurance, and other products.

In 2004, the company changed its name to Assurant and began trading on the New York Stock Exchange. Since then, Assurant has continued to grow through acquisitions and strategic partnerships. In 2018, the company acquired The Warranty Group, a leading provider of extended warranties and related services, further expanding its presence in the global market.

Today, Assurant operates in 21 countries and serves more than 300 million customers worldwide. The company is committed to helping people protect what matters most to them, whether it's their homes, their cars, or their health.

What Industry is Assurant In?

Assurant is in the insurance industry.

What Are Assurant's Competitive Advantages?

Assurant has several competitive advantages that set it apart from other companies in the insurance industry. Some of these advantages include:

1. Diversified product portfolio: Assurant offers a wide range of insurance products, including property, casualty, life, and health insurance. This diversification allows the company to serve a broad customer base and reduces its exposure to any one particular market.

2. Strong brand recognition: Assurant is a well-known and respected brand in the insurance industry, which helps it attract and retain customers.

3. Global presence: Assurant operates in 21 countries around the world, giving it a global reach and the ability to serve customers in different markets.

4. Technology and innovation: Assurant has invested heavily in technology and innovation, which has allowed it to develop new products and services and improve its customer experience.

5. Strong financial position: Assurant has a strong balance sheet and financial position, which gives it the ability to weather economic downturns and invest in growth opportunities.

6. Customer focus: Assurant is committed to providing excellent customer service and has a strong reputation for putting its customers first. This focus on the customer helps it retain customers and attract new ones.

What Are Assurant's Competitive Threats?

Some competitive threats to Assurant include:

1. Other insurance companies offering similar products and services at lower prices.
2. Technological advancements that allow for more efficient and cost-effective insurance solutions.
3. Changes in government regulations that could impact the insurance industry.
4. Economic downturns that could lead to decreased demand for insurance products.
5. Increased competition from non-traditional players, such as technology companies entering the insurance market.

Who Are Some of the Competitors of Assurant?

Some of the competitors of Assurant include Allstate, State Farm, Progressive, Geico, Liberty Mutual, and Nationwide.

What Are Some of Assurant's Products and Services?

Assurant offers a range of products and services, including:

1. Insurance: Assurant provides insurance solutions for homes, vehicles, renters, and mobile devices.

2. Warranty: The company offers extended warranty programs for electronics, appliances, and other consumer products.

3. Risk management: Assurant provides risk management solutions for financial institutions, property managers, and other businesses.

4. Mortgage solutions: The company offers mortgage insurance, valuation, and other services for lenders and homeowners.

5. Healthcare: Assurant provides healthcare solutions, including dental, vision, and disability insurance.

6. Funeral insurance: The company offers funeral insurance to help families cover the costs of final expenses.

7. Connected living: Assurant provides connected living solutions, including smart home technology and mobile device protection.

8. Vehicle protection: The company offers vehicle protection plans for cars, motorcycles, and other vehicles.

Overall, Assurant is a diversified company that provides a wide range of products and services to consumers and businesses.

Has Assurant Acquired any Companies?

Yes, Assurant has made several notable acquisitions, including The Warranty Group in 2018, StreetLinks LLC in 2016, and American Title, Inc. in 2014.