AAIZAssurant, Inc.

Assurant insures what nobody thinks about: a cracked phone, a home without a policy, a broken appliance.

The product is sold not by the company but by a partner: a carrier offers phone protection at purchase, a bank places insurance on collateral property if the borrower did not buy any, a shop adds a warranty to an appliance. The partner brings the customers, the company carries the risk and shares the income.

That niche is less visible and therefore less competitive than motor or life insurance. The risks are specific: replacing phones gets cheaper and dearer with each model generation, while lender-placed home cover concentrates exposure in hurricane areas. A separate dependence is on a few large partners. A dividend is paid and raised.