Owen, an insurtech dedicated to modernising insurance for fintechs and digital platforms, and Assurant, Inc. (NYSE:AIZ), a global company that redefines the boundaries of protection – safeguarding and servicing connected devices, homes, automobiles, and commercial equipment for leading brands worldwide, announce their collaboration to support Swan, Europe's leading embedded banking platform, with tailored protection embedded directly into Swan-powered card products across France and Europe.
Owen selected Assurant to provide the insurance capacity required to support Swan's next-generation card offering, bringing together Owen's embedded insurance expertise and Assurant's scale, governance, and experience in affinity protection. Together, Owen and Assurant enable fintechs to integrate insurance natively into their financial products — seamlessly and at scale.
Under the arrangement, Assurant will act as the risk carrier for the insurance component, with Owen serving as broker and third-party administrator (TPA), and Allianz providing assistance services.