The Multifamily Housing industry is undergoing a major transformation as technology and market dynamics reshape how property management companies (PMCs) manage communities, interact with tenants, and drive revenue. From frictionless renters insurance coverage and compliance to tech support amenities, the multifamily housing industry is in the midst of an innovation era where streamlining operations and enhancing resident experiences meet.
Strengthening Our Leadership Position
Assurant has been a pioneer in renters solutions for more than 25 years, initially integrating renters insurance sales through the PMC channel. Today, more than half of the top 50 PMCs partner with Assurant for revenue-generating protection products. As our position continues to strengthen, we’re pleased to share that QBE's North AmericaRenters business is transferring to Assurant. This strategic addition deepens our partnerships with key industry providers in the renters ecosystem, adding hundreds of thousands of units to our portfolio.
Growing with Revenue Driving Technology
Assurant continues to introduce fresh, revenue-generating solutions that simplify the move-in process for tenants and reduce paperwork for leasing offices. Last year, we launched Assurant TechPro – the first tech-support amenity in the multifamily housing industry, which enables PMCs to offer 24/7 complimentary tech-support to their tenants. Additionally, we enhanced our Cover360 renters insurance product that allows for the insurance premium to be paid with rent payments to streamline the sign-up process, ease compliance tracking, and boost revenue for our PMC partners.
Looking Ahead: Trends, Innovation and Expansion
We anticipate continued growth and innovation in the multifamily industry, driven by point solutions transforming operations, tech advancements driving revenue, and sales strategies emphasizing retention. In this innovation era, partnering with Assurant provides stability to your business, compliance leadership, and the ability to evolve with market changes, ensuring long-term growth success.
