About Assurant
Assurant is a company based in New York (United States) founded in 1892.. The company has 196 employees as of March 31, 2024. Assurant has completed 13 acquisitions, including All Tech-Neek Electronics, American Financial & Automotive Services and American Lease Insurance. Assurant offers products and services including Lender-Placed Insurance, Flood Solutions, and Vehicle Protection Services. Assurant operates in a competitive market with competitors including HUB International, State Farm, AXIS Capital, Manulife and Prudential, among others.
- Headquarter New York, United States
- Employees 196 as on 31 Mar, 2024
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Assurant Automotive Warranty Solutions (India) Private Limited
- Date of Incorporation 26 Dec, 2013
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$22.7 M (USD)25.39as on Mar 31, 2023
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Net Profit
$1.98 M (USD)33.89as on Mar 31, 2023
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EBITDA
$1.97 M (USD)119.83as on Mar 31, 2023
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Latest Funding Round
$350 M (USD), Debt – Conventional
Sep 06, 2019
- Investors
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Employee Count
196
as on Mar 31, 2024
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Investments & Acquisitions
All Tech-Neek Electronics
& 12 more
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Products & Services of Assurant
Assurant offers a comprehensive portfolio of products and services, including Lender-Placed Insurance, Flood Solutions, and Vehicle Protection Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides insurance for financial institutions and mortgage servicers.
Offers flood risk protection for retail and agents.
Delivers vehicle insurance and support for dealers.
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Software Development Team
108 people
Leadership Team
107 people
Sales and Marketing
58 people
Finance and Accounting
40 people
Product Management Team
33 people
Operations Team
31 people
Legal and Compliance
29 people
Senior Team
17 people
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Funding Insights of Assurant
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $350.0M
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First Round
First Round
(15 May 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2019 | Amount | Debt – Conventional - Assurant | Valuation |
investors |
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| May, 2018 | Amount | Post-IPO - Assurant | Valuation |
investors |
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| Mar, 2018 | Amount | Post-IPO - Assurant | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Assurant
Assurant has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Karp Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Delivers investment advisory services to support financial decision-making.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Assurant
Assurant has strategically engaged in corporate development activities, having acquired 13 companies. Notable acquisitions include All Tech-Neek Electronics, American Financial & Automotive Services and American Lease Insurance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mobile device repairs and security are delivered on-demand to companies.
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2013 | ||||
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Online repair services for electronic devices are offered.
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2013 | ||||
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Extended vehicle warranty plans and service contracts are provided.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Assurant
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Assurant Comparisons
Competitors of Assurant
Assurant operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HUB International, State Farm, AXIS Capital, Manulife and Prudential, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Investment advisory, insurance distribution, and risk management services are provided.
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| domain | founded_year | HQ Location |
Insurance and financial services are provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Diversified insurance services are provided across global markets.
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| domain | founded_year | HQ Location |
Life insurance and diversified asset management services are provided.
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| domain | founded_year | HQ Location |
Life, health, and financial insurance services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Assurant
Frequently Asked Questions about Assurant
When was Assurant founded?
Assurant was founded in 1892 and raised its 1st funding round 125 years after it was founded.
Where is Assurant located?
Assurant is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Assurant?
Alan Colberg is the current CEO of Assurant.
How many employees does Assurant have?
As of Mar 31, 2024, the latest employee count at Assurant is 196.
What is the annual revenue of Assurant?
Annual revenue of Assurant is $22.7M as on Mar 31, 2023.
What does Assurant do?
Assurant was founded in 1892 and is headquartered in New York, United States. Insurance services encompassing homeowner, rental, vehicle, flood, travel, and related areas are delivered across various markets. Operations are centered in the insurance sector, with a focus on risk protection solutions. In 2022, annual revenues of 10.35 billion and net profit of 0.24 billion were achieved by the company.
Who are the top competitors of Assurant?
Assurant's top competitors include HUB International, AXIS Capital and State Farm.
What products or services does Assurant offer?
Assurant offers Lender-Placed Insurance, Flood Solutions, and Vehicle Protection Services.
How many acquisitions has Assurant made?
Assurant has made 13 acquisitions, including All Tech-Neek Electronics, American Financial & Automotive Services, and American Lease Insurance.
Who are Assurant's investors?
Assurant has 1 investor. Key investors include Karp Capital.
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