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Assurant expands to South Korea by acquiring Olivar’s additional shares

Author : Pankaj Singh | Published Date : 2021-06-17 

Global risk management product & service provider, Assurant Inc., has announced its acquisition of the remaining shares in Olivar Co. Ltd., a South Korean mobile lifecycle management solutions company.

The acquisition is in keeping with the company’s long-standing commitment to delivering best-in-class mobile device protection, lifecycle management solutions, and customer experiences.

Assurant also specializes in providing lifestyle and housing solutions, including vehicle protection services, mobile device solutions, pre-funded funeral insurance, extended service contracts, renters insurance, and other specialty products.

Expert analysts have revealed that Olivar’s presence in Asia-Pacific will help the company to gain more ground in the regional industry as a device life cycle management solutions provider.

President of International Assurant, Keith Meier, was quoted saying that the recent acquisitions perfectly position the company to support South Korea as well as the overall Asia Pacific region for its lifestyle businesses. He further added that the move reaffirms the company’s commitment to accelerate growth in the industry.

Meier also reiterated that Assurant’s skilled local talent and knowledge, combined with its expertise and capabilities will ensure the highest quality services that provide South Korean customers a strategic edge in the industry.

Notably, Assurant has recently been on an acquisition spree aimed at strengthening its global asset deposition services.

Last year, Assurant acquired Alegre Pty Ltd., an Australian company specializing in tablet and mobile phone refurbishment. It also acquired HYLA Mobile, a leading provider of mobile device upgrades and software solutions.

Assurant Inc. is a Fortune 500 company with a presence in 21 countries, having partnerships with the world’s top brands to develop & deliver innovative products while ensuring enhanced customer experiences.

Moreover, the Assurant Foundation helps in strengthening communities by supporting charitable partners that work to protect vulnerable geographies, collaborate with local resources, inspire inclusion and bring forward leaders of the future.

Source Links –

https://www.nasdaq.com/articles/assurant-acquires-south-koreas-olivars-remaining-shareholding-2021-06-16

 

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

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