Assurant India to hire 300 people in next 12 months

Assurant India to hire 300 people in Chennai & Bengaluru for domestic & Global Capability Centre operations.

Assurant India, a company that focuses on providing extended warranties on automobiles and mobile devices, is planning to hire 300 people in the next 12 months for its operations in Chennai and Bengaluru, said a senior company official.

“We also provide support to Global Capability Centre (GCC),” said Biju Nair, President, Global Connected Living, Assurant at an interaction.

The automobile business of Assurant was a joint venture between The Warranty Group (TWG) and TVS group between 2013-18. Following the acquisition of TWG by Assurant Inc. in May 2018, it became a 100% entity of the latter.

“About 100 people will be recruited for domestic operations and 200 for GCC. We will be hiring data scientists, software developers and claim administrators,” said Srikanth Srinivasan, India Country Head.

Assurant Inc., has an annual revenue of $10 billion. India hosts the second GCC, while the first one is in Argentina.

“The contributions of Indian GCC to the group’s turnover is small and we hope it will touch double digit over the next three to five years. Currently, automotive business accounts for 90% of revenue and rest from connected living. We expect to strike a balance between the two at 50:50 in five years,” said Mr. Srinivasan.