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Press Release 21 January 2008 Assurant Solutions Provides More Choice to Irish Consumers with New Mortgage Repayment Protection Plan Assurant Solutions, a specialist in creating, underwriting and administering niche insurance protection products, has created a new mortgage repayment protection plan product in Ireland for Simply Mortgages that gives Irish consumers the freedom to choose the cover they really need. With the Assurant Solutions mortgage repayment protection plan, the consumer will be able decide if they want to take involuntary unemployment cover only, or accident and sickness cover or all options available - accident, sickness and involuntary unemployment. Should an accident or sickness result in hospitalisation, the benefit will be paid after 7 days rather than 30 days. Drazen Jaksic, Sales & Marketing Director, Assurant Solutions said: "We believe the one-size-fits-all product mostly commonly available to consumers no longer suits the typical borrower's needs. Our products have been developed with today's customers in mind, with insurance cover that can be adapted to their individual needs and budgets." Formed in 2000, Simply Mortgages is one of Ireland's largest independent mortgage brokers with offices throughout Ireland. Simply Mortgages aims to make it easy for customers to understand mortgages and make the right decision in terms of their property finance needs. Peter Bastable, Managing Director, Simply Mortgages added: "Assurant Solutions has put the consumer at the heart of its underwriting process for this product. By separating this product, it is offering a fresh approach to the market and creating more flexibility for the consumer. We look forward to working with Assurant Solutions to continue to offer our customers more choice and better value for money." Assurant Solutions also will manage claims and administration for Simply Mortgages. Assurant Solutions specialises in creating insurance products including
mortgage and loan payment protection, income protection, extended property
protection (warranty and product replacement), and credit card price and
purchase protection. The business works with financial institutions, intermediaries,
brokers and high street and home shopping retailers to design, develop,
underwrite, administer and market these niche insurance lines. For further information, contact Lesley Russell at Spotlight Communications on telephone 05600 040835 or email: lesley@spotlightcomms.co.uk NOTES TO EDITORS About Assurant Solutions Assurant Solutions is part of Assurant, a premier provider of specialised insurance products and related services in North America and selected other markets. Assurant is traded on the New York Stock Exchange under the symbol AIZ and has over $US25 billion in assets and $US7 billion in annual revenue. Assurant Solutions businesses develop, underwrite and market niche insurance, extended service contracts and other risk management solutions in collaborative relationships with leading financial institutions, retailers, and automobile dealers, utilities and other entities. Principal lines of business include debt protection administration, credit insurance, warranties and extended service contracts on appliances, consumer electronics, automobiles, recreational vehicles and boats. They serve clients and their customers throughout North America, the Caribbean and selected countries in Latin America and Europe, including the United Kingdom, Ireland, Denmark, Germany, Italy and Spain. www.assurantsolutions.co.uk |
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