Assurant and ProRisk Launch EV Protection Programme in Australia

The world is more connected than ever. Smart technology is empowering connectivity everywhere, from our phones and wearables to our homes and cars. Assurant supports the businesses that are advancing the connected world for their customers, making technology more accessible and eco-friendly.

325

on the Fortune 500
300M+

customers supported worldwide
13,600+

employees around the world
21

countries

325

on the Fortune 500
300M+

customers supported worldwide
13,600+

employees around the world

21

countries

What products and services does Assurant offer?

Assurant is a leading global provider of comprehensive risk management solutions for the auto, lifestyle, and housing protection sectors. We help businesses manage the risks of property damage, liability, and financial loss, theft, and natural disasters.

We design insurance, protection products, and support services that help businesses provide premium customer experiences and inspire deeper customer loyalty. Our teams combine digital intelligence and expert human insight to deliver the support and protection people need to take full advantage of the connected world.

Assurant's Business Services

Auto

Overall protection for motor vehicles through a variety of solutions to ensure customers remain on the road.

Mobile

Mobile and multi-device protection programs and other value-added services that increase lifetime customer value

Connected Living

Supporting the advancement of the connected world by keeping customers connected.

Customer Support

Omni-channel tech support, tools and information

Service & Repairs

In-store servicing, come-to-you repair, and everything in between

Logistics

Device lifecycle, supply chain and inventory management

SYDNEY/MELBOURNE, 9 September 2024 – Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, including automobiles, and Professional Risk Underwriting Pty Ltd (ProRisk), an award-winning Australian Underwriting Agency known for innovative product design and distribution, are launching Stay Charged EV Insurance, an electric vehicle (EV) protection programme.

Martin Jenns, president of Global Automotive at Assurant, said “This partnership furthers our automotive footprint in the APAC region, and we are thrilled to introduce a programme that is a market first.”

This collaboration was borne of both companies’ commitment to bringing innovation into the automotive protection industry while introducing best-in-class products and customer experience to Australia, explained Hemaka Perera, president, APAC. “Assurant’s expertise in the automotive sector, honed by over 50 years’ experience in the industry, is a strategic advantage and we are well equipped to meet the demands of the changing auto landscape.”

This new programme provides comprehensive coverage for EVs including:

Battery Degradation cover: provides cover for battery degradation at the end of your lease
Excess Waiver cover: provides a payment of up to $1,000 per policy year to assist with the payment of your insurance excess in the event of an at fault accident
Vehicle Downtime cover: provides two payments of $500 per policy year due your vehicle being off the road for 5 or more business days due to a mechanical / electrical fault, replacement part unavailability or accident

Alan Brewis, Head of Motor and Consumer Products for ProRisk, said, “After months of work with the team at Assurant, we are excited to launch this innovative product. Our partnership with Assurant provides our clients with best-in-class products and distribution via ProAuto as part of the acclaimed ProBind quote and bind platform”.

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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.

About ProRisk

ProRisk is an underwriting agency that moves quickly to develop client solutions that will help you stay ahead of the pack. ProRisk was originally formed to specialise in the provision of professional indemnity insurance. It has now expanded to include medical malpractice, public and products liability, personal accident, management liability and marine insurance.

Media Contacts:

Assurant
Lorraine Doherty
International Communications Director
Lorraine.Doherty@Assurant.com

ProRisk
Alan Brewis
Head of Motor and Consumer Products
Alan.Brewis@prorisk.com.au