Assurant Inc

Assurant Inc (NYSE: AIZ) offers risk management products and services in specialised market segments around the globe. It was founded in 1892 with its headquarters in New York. On February 5th, 2004, it initiated its first initial public offering of $1.76 billion, which was the fourth largest that year. It provides an array of niche market insurance products such as homeowners’ insurance, travel insurance, credit protection, individual and group health insurance, flood protection and extended device protection, among others. In 2015, Assurant announced its exit from the health insurance marketplace. Subsequently, it streamlined its efforts into its products and services pertaining to housing and speciality protection. As of 2020, the company operates in countries spanning across North America, Latin America, Europe and Asia. Assurant Inc. operates through three core segments, namely Global Housing, Global Lifestyle and Global Preneed. Global Housing provides multi-family housing mortgage solutions as well as lender-placed insurance to its clients. Global Lifestyle offers extended protection services to consumer electronics and appliances, vehicle protection services and other insurances. Pre-funded funeral insurance and annuity products are included in the Global Preneed segment of the company. Assurant was among the world’s largest public companies as of 2020. In the same year, the company ranked 315 on the Fortune 500 list. It is also held rank on Forbes’ Global 2000 companies. Alongside, it holds a place on Forbes’ list of the Best Employers for Women 2020 and Best Employers for Diversity 2020. Assurant has received a perfect score of 100 on the 2020 Corporate Equality Index, by Human Rights Campaign for the second year in a row. The company also embraces its social responsibilities for the well-being of various communities. In 2013, Assurant Foundation provided $2.3 million in charitable grants to non-profit organisations. In 2020, it donated $50,000 to Move for Hunger to support its Covid-19 relief endeavours.