Assurant 2007 Annual Report Download - page 9

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Assurant Annual Report 5
molded for success
Our proven model comprises
businesses that are characterized by
cyclically diverse and uncorrelated
risks but share core strengths inherent
in our specialty strategy.
Highly Disciplined Risk Management
The cornerstone of Assurant’s capabilities, disciplined
risk management is used within each specialty business
to identify, cultivate and execute targeted growth
opportunities over the long term. Assurant actively
monitors and manages each facet of its business to
ensure pricing, underwriting, contract design and other
key elements are appropriate to local market conditions.
Assurant also maintains a catastrophic reinsurance
program in its Specialty Property business to mitigate
catastrophe risks and protect the capital base of
the company.
Strong Relationships with Market Leaders
Assurant’s ability to align with market leaders in each
specialty business is an essential element of its focus on
long-term protable growth. This strategy positions Assurant
well, especially in markets that are consolidating, to
leverage these relationships and achieve greater market
share. Assurant partners with six of the largest 10
consumer electronics and appliance retailers, is aligned
with 17 of the top 25 prime loan servicers and 14 of the
top 25 subprime loan servicers. Exclusive agreements
with industry leaders in other business segments enable
Assurant to make its products widely available through
partners’ well-established distribution networks.
Integrating Complex Administrative Systems
Assurant is committed to providing tailored, customer-
centric products and services to clients in a timely and
efcient manner. Proprietary and advanced tracking
technologies allows Assurant to provide the right solution
at the right time. Because the company is known for its
expertise in this area, Assurant has become the virtual
“back ofce” for many of its partners. In addition,
Assurant’s technological know-how is scalable and
transferable—allowing successful “best practice”
strategies to be shared across Assurant and around
the world, applied to other business segments, and
customized and implemented at the local level.