What is an assurance company

what is an assurance company

Careers in Assurance

An assurance company could be a life insurance/assurance company providing benefits upon the certain death of the insured, but commonly refers to an . Today, the Co-Founder of Assurance is dedicated to helping the company use today's technology to democratize access to financial services in much the same way. Mike brings to Assurance the technology and entrepreneurial principles born from his career .

By Madhuri Thakur. Insurance and assurance are two types of products that are widely sold in the market. But both insurance vs compahy are two different products offering more or less the same thing. This insurance vs assurance article will try and understand the key differences between both and how these two are separated from each other. Below is the top 6 difference between Insurance vs Assurance. Both Insurance vs Assurance are popular choices in the market; let us discuss some of the major Difference Between Insurance vs Assurance:.

Insurance companies offer both the products insurance and assurance, which tend to confuse the customer. Many insurance companies offer a wide range of insurance and investment policies and have their own sales agent to induce customers to buy the policies.

An individual should consult a financial planner or an insurance advisor to choose the right kind of insurance asurance for him and his family who needs to be protected long after he is gone and should remain in a sound financial position.

This has been a guide to the top difference between Insurance vs Assurance. Here we also discuss the Insurance what is an assurance company Assurance key differences with infographics, and the comparison table. You may also have a look at the following articles to learn more.

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Email ID. Contact No. The premium compan which is received is not the investment in other investment avenues to generate the bonus. The premium received by the assurance company is invested in other financial instruments to generate investment what is an assurance company will, in turn, increases the value of the policy.

What we do

Assurance services are a type of independent professional service usually provided by certified or chartered accountants such as CPAs. Assurance Services are defined as independent professional. Feb 20,  · Assurance is the process of verifying the records available in the company’s accounting record is as per accounting standard and principle, and it also confirms that accounting record is accurate or not. Assurance is the assessing process, operations, procedure, etc. The main aim of assurance is to check the accuracy of financial reports. On the contrary, assurance is an instrument that provides cover to an event whose probability of occurrence is high. It will happen sooner or later in the life of the insured. Insurance like this comes under the category of general insurance where assurance can be mapped to life insurance.

Our mission is to protect and improve the personal and financial health of all consumers. We meet consumers wherever they are in life with custom tailored solutions just for them.

We empower them to take actions that improve their life and protect the things they care about. We believe in the symbiosis between humans and machines, a superior place neither could achieve on their own. As a leading insurance platform, we've created the most advanced technology and data science systems, yet built it all to support the human touch. We provide a unique experience for every consumer that quantifies their risks, resources, and preferences, then guides and motivates them to a better place for their life.

While many of our customers purchase entirely online, most prefer the combination of our digital guidance and the expertise of our on-demand licensed agents.

No matter where someone is in life, we make it simple to take actions that improve their personal and financial health. As the CEO and Founder of Assurance, Michael is the architect of a company driven by his vision to improve the lives of people everywhere by providing clear, actionable steps to lasting, holistic, personal and financial health. Michael's leadership guides the company through his deep passion for technology, data science, and systems thinking.

Following his introduction to insurance at MassMutual, Michael developed technology and built a company to streamline the comparison of term life insurance policies from various providers.

Michael later merged the agency with a life insurance carrier and led the combined entity through significant growth. Michael's passion for addressing the broader health and financial challenges of the consumer led him to leave and start Assurance with Mike Paulus.

He enjoys hiking and mountain biking with his wife and two children, and his family inspires his passion for the Assurance mission. Shortly after he got married, Michael was diagnosed with cancer. After surgery, radiation, and ultimately beating the disease, he recognized the importance insurance and financial security plays at providing peace of mind during life's most difficult challenges. That has motivated him to develop Assurance to become the world's leading financial wellness platform and doing so with a culture that prioritizes humility, continuous iteration and innovation.

Allison joined the company in as Chief Data Scientist, and has spent her career modeling ways data science can help people address their most important challenges, from personal health to personal finance, and teaching others to find answers in data for themselves. It started with her work in operations research at MIT, where she earned her PhD studying how predictive modeling can help diabetes patients personalize their care.

She then applied her expertise to helping bolster heart health as CEO of a health wearables startup and to identifying promising applications of data analytics as a consultant at Sequoia Capital. Allison has literally written the book on business analytics — "The Analytics Edge" — a popular textbook she co-authored while a lecturer at MIT. She's also taught data science to business students at the Stanford Graduate School of Business.

Now, in leading data science at the core of the Assurance platform, she guides her team's steadfast focus on the customer and constant exploration of data solutions to drive real-time decisions. Growing up on a blueberry farm in rural Washington, Mike remembers the transformational effect technology had on his ability to connect to the entire world from the family farmhouse.

Today, the Co-Founder of Assurance is dedicated to helping the company use today's technology to democratize access to financial services in much the same way.

Mike brings to Assurance the technology and entrepreneurial principles born from his career building and investing in fintech companies. With undergraduate and master's degrees from Stanford in Economics and Management Science and Engineering, the father of two sees the shift in the technology- and data-driven way companies can deliver financial wellness solutions to anyone, anywhere, as another industrial revolution, and he's motivated by Assurance's ability to lead the way.

John has been with Assurance from Day 1. And for every day since, he and his marketing team have been managing an always-on marketing machine that has brought millions of individuals to Assurance to achieve the peace of mind that comes with addressing insurance needs. A pioneer in mobile marketing, John had his hand on the controller at video game giant Electronic Arts before coming to Assurance.

He oversaw billions of app downloads as the leader of the global mobile media team, and he also has experience in automotive and education marketing. The University of Washington MBA says his toughest negotiations are bargaining with his two young sons about dessert, so it's no wonder he's been able to effectively optimize and maximize the media and marketing investments for Assurance — bringing a new wave of customers each day, with a focus on innovating, testing and delivering results.

In leading software engineering, technology architecture and product development for Assurance, Will and his team are building the bridges that will connect millions of people to the financial solutions they need for peace of mind and quality of life. Will has seen firsthand what can happen when technologists have the freedom to think, iterate and build solutions for business-critical functions.

In five years at Amazon before joining Assurance, he designed and built a suite of software systems that helped create billions of dollars in savings by providing real-time insights to Amazon supply chain teams and retail partners.

It also drove revenue, as that "Prime" badge on your next Amazon order might not have been there if Will's systems hadn't increased the products available for the premium service. Now the MIT PhD is focused on delivering something else: a simplified insurance purchase process and making financial wellness accessible to everyone.

Gulliver and his team assure that Assurance meets the insurance industry's legal and compliance standards while doing so in a way that enables the agility and speed to market that makes the company unique. Over his career, he's honed a collaborative approach that well serves the iterative culture of Assurance — applying legal expertise and resources that keep the customer's best interests front and center while partnering with all aspects of the business to continually bring new ideas, approaches and products to market.

Chuck brings over 20 years of insurance industry experience in distribution, underwriting and pricing strategy development, claims management and service operations. Having lost his youngest son to a rare kidney disease, Chuck understands the stabilizing and supportive role that insurance products and financial services play in the lives of individuals and their families.

Prior to joining Assurance, the St. Over his twenty years in the legal profession, Doug has served in a variety of roles — as a litigator, regulatory attorney, product development lawyer, distribution attorney, and Chief Legal Officer for several businesses.

This breadth of experience has helped Doug and his team offer sound judgment and useful solutions to a broad range of legal matters at Assurance. Doug also taught third grade in Los Angeles as part of Teach for America prior to his legal career, and continues to focus on educational equity as a Board member of a city charter school.

He remains a rabid, lifelong New York Knicks fan. Grant is deeply passionate about the intersection of finance, strategy, insurance, and technology, which ended up bringing him to Assurance in October He believes that tools that help drive smarter financial decisions are a key to improving lives. As CFO, he oversees the company's overall financial activities including controllership, planning and analysis, treasury, and financial operations.

Grant has more than 20 years of finance, insurance and distribution experience and has held leadership roles in transformational projects over the course of his career. After making a transition from the eCommerce industry to Financial Services early in his career, Manan quickly realized there isn't much transparency when it comes to personal finance.

So, he became passionate about creating world class consumer experiences that can empower people to improve their lives financially. At Assurance, Manan is leading the growth of our emerging businesses, making Assurance a destination where consumers manage their full financial lives. Before joining Assurance, Manan led the Product Management team at LendingTree, where he optimized the end-to-end consumer experience for all lending products, including conversion rate improvement, and user and lender adoption on the platform.

After several years at a large law firm, Suzanne worked at MetLife as an attorney to find new ways of implementing e-signatures and voice signatures to reach those that are uninsured or underinsured. Suzanne continued her career as a compliance officer in the life insurance industry at Pan-American Life and Symetra. Suzanne is committed to making that peace of mind more available for everyone. We strive to meet every consumer wherever they are in life, provide deep insights on their personal and financial health, and offer solutions that reduce their risks and make their life better.

Where insurance simply provides a check at a time of need, Assurance goes deeper by providing meaningful ways to improve their life in addition to protecting for when things go wrong. Our mission Build a better insurance solution for everyone. Better insurance We believe in the symbiosis between humans and machines, a superior place neither could achieve on their own.

Leading our way. Michael Rowell Chief Executive Officer As the CEO and Founder of Assurance, Michael is the architect of a company driven by his vision to improve the lives of people everywhere by providing clear, actionable steps to lasting, holistic, personal and financial health.

Allison O'Hair Arzeno President Allison joined the company in as Chief Data Scientist, and has spent her career modeling ways data science can help people address their most important challenges, from personal health to personal finance, and teaching others to find answers in data for themselves.

Mike Paulus Co-Founder Growing up on a blueberry farm in rural Washington, Mike remembers the transformational effect technology had on his ability to connect to the entire world from the family farmhouse. Will Arora Chief Technology Officer In leading software engineering, technology architecture and product development for Assurance, Will and his team are building the bridges that will connect millions of people to the financial solutions they need for peace of mind and quality of life.

Gulliver Swenson Chief Administrative Officer Gulliver and his team assure that Assurance meets the insurance industry's legal and compliance standards while doing so in a way that enables the agility and speed to market that makes the company unique.

Chuck Brousseau Chief Operating Officer Chuck brings over 20 years of insurance industry experience in distribution, underwriting and pricing strategy development, claims management and service operations. Grant Fisher Chief Financial Officer Grant is deeply passionate about the intersection of finance, strategy, insurance, and technology, which ended up bringing him to Assurance in October Manan Singh Chief Growth Officer After making a transition from the eCommerce industry to Financial Services early in his career, Manan quickly realized there isn't much transparency when it comes to personal finance.

Reimagining the role of insurance. Assurance is more than just insurance. We are humble, driven, and committed to improving the lives of millions. We are Assurance.





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