SYDNEY, 04 July 2024 – Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, including automobiles, and Stella, insurance that’s unapologetically for women, today announced a collaboration that will deliver tailored motor insurance solutions with women in mind.
Martin Jenns, president of Global Automotive at Assurant said “We are thrilled with this partnership in Australia which aligns with our APAC plans for expansion in the Motor and Commercial vehicle space. We look forward to working closely with the Stella team to expand the product offering and to introduce our global expertise into Australia.”
Commenting further, Hemaka Perera, president, APAC said this entry into Automotive Insurance is a strategic play for Assurant who has had a General Insurance presence in Australia for more than 20 years, and recently expanded with similar products in New Zealand. “We see our strong balance sheet and our Global rating working seamlessly with Stella’s innovative approach and desire to provide exceptional customer service.”
Cover from Stella includes extras with women in mind such as for baby capsules and child safety seats, emergency accommodation and transport costs, towing, windscreen repairs, stolen keys and more*. Domestic Cover, no excess for a claim for car damage caused deliberately by a current or former partner*.
Sam White, CEO of Stella, added, “Our collaboration with Assurant will redefine our automotive footprint in the market. Commercially, their global footprint supports our ambitions. They offer complementary product suites, and their focus on tech and innovation makes them an ideal partner for Stella moving forward.”
*Policy terms & conditions, limitations and exclusions apply. Please see the Product Disclosure Statement for more details.
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About Assurant Global Automotive
Assurant Global Automotive is a leading global solutions provider in the automobile and commercial equipment industries. Automotive industry partners span manufacturers, large group and independent dealers, agents, third-party administrators, financial institutions, insurance providers, and vehicle technology companies. With over 50 years of automotive industry experience, Assurant protects 54 million motor vehicles in 19 countries by providing innovative solutions like vehicle service contracts, guaranteed asset protection, and ancillary products, while providing dealer performance management and training, participation options, and more. Assurant Global Automotive is also a market leader in protection products for the commercial equipment industry, with more than 30 years of equipment protection expertise. Assurant provides a full suite of protection products and services for equipment dealers and financial institutions supporting commercial equipment. These include extended service protection plans, physical damage protection, guaranteed asset protection, automatic insurance, portfolio protection, insurance tracking services and more.
About Assurant
Assurant, Inc. (NYSE: AIZ) is a leading global business services company that supports, protects and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and to deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products and other products.
Learn more at www.assurant.com.au
About Stella Insurance
Launched in Australia in 2020, Stella Insurance has rapidly expanded from offering car insurance to becoming a multi-product insurance brand, including travel and pet insurance. Recognised by WeMoney for three consecutive years, Stella's accolades include Car Insurer of the Year and Outstanding Customer Service.
Stella Insurance is the winner of We Money's Car Insurer of the Year in 2024 (3 years running), Best for Quality (Car Insurance) (2 years running), Outstanding Customer Service (Car Insurance) (2 years running), and Outstanding Claims Experience (Car Insurance).
Media Contacts
Assurant
Lorraine Doherty
International Communications Director
Email: [email protected]
Stella
Lisa Hollinshead
PR Representative
Email: [email protected]