
Assurant Hyla Mobile has a strong track record of performance in the mobile industry. The company has consistently delivered high-quality services to its customers.
In 2011, Assurant Hyla Mobile acquired the wireless insurance business of HCC Insurance Holdings, expanding its presence in the market. This strategic move helped the company to further diversify its offerings.
Assurant Hyla Mobile's performance has been marked by steady growth and a commitment to innovation.
Assurant Acquisitions
Assurant has made significant acquisitions to strengthen its position in the trade-in and upgrade programs market.
Assurant's acquisition of HYLA Mobile has doubled its device processing volumes and expanded its customer base.
The acquisition has also increased device diversity and enhanced Assurant's talent pool.
HYLA's patented software technology joins Assurant's end-to-end mobile device lifecycle management capabilities, creating a comprehensive solution.
This combination is expected to increase trade-in attachment rates, provide better customer experiences, and improve inventory supply to lower device support costs.
Expand your knowledge: One - Mobile Banking
Assurant's acquisition of HYLA Mobile is expected to further sustainability practices by extending the life of mobile devices.
The acquisition is also expected to capitalize on the upcoming 5G smartphone upgrade cycle.
Here are some key facts about Assurant's acquisitions:
Assurant's acquisitions have further cemented its position as a leader in trade-in and upgrade programs.
Company Performance
Assurant Hyla Mobile offers a range of benefits to its customers, including a 30-day money-back guarantee and a 1-year limited warranty.
The company provides a variety of phone options, including the Apple iPhone and Samsung Galaxy series, with prices starting at $0 down and $25 per month.
Assurant Hyla Mobile's insurance plans cover accidental damage, theft, and loss, with coverage options available for up to 2 years.
Customers can choose from various insurance plans, including the Hyla Protect plan, which offers coverage for up to $200 in repairs or replacement.
Assurant Hyla Mobile's customer support team is available 24/7 to assist with any questions or issues.
The company's website allows customers to easily manage their accounts, view their coverage details, and make payments online.
Acquisition Details
Assurant's acquisition of HYLA Mobile is a significant move that further solidifies their position as a leader in trade-in and upgrade programs.
The acquisition doubles Assurant's device processing volumes, expands their customer base, increases device diversity, and enhances their talent pool.
With this combination, Assurant will be able to generate new growth opportunities and improve the customer experience, especially during the upcoming 5G trade-in cycle.
The acquisition also brings together HYLA's patented software technology and Assurant's end-to-end mobile device lifecycle management capabilities, creating a comprehensive solution that increases trade-in attachment rates and provides better customer experiences.
Here are some key benefits of the acquisition:
- Increases trade-in attachment rates
- Provides better customer experiences
- Improves inventory supply to lower device support costs
- Maximizes disposition values and new revenue streams
This acquisition is expected to drive greater value for clients, while delivering an unrivaled customer experience and an environmentally friendly device ecosystem.
Frequently Asked Questions
What does Assurant do with old phones?
Assurant quickly grades and resells old phones to a global network of over 900 buyers across 5 continents. Learn more about our mobile asset value recovery program.
Sources
- https://www.assurant.com/newsroom-detail/NewsReleases/2020/December/assurant-closes-its-acquisition-of-hyla-mobile
- https://www.assurant.com/newsroom-detail/NewsReleases/2021/December/strength-to-strength-from-hyla-mobile-to-assurant-device-lifecycle-solutions
- https://www.assurant.com/newsroom-detail/NewsReleases/2020/October/assurant-acquires-mobile-device-trade-in-innovator-hyla-mobile
- https://resource-recycling.com/e-scrap/2020/11/12/warranty-firm-buys-phone-refurbisher-for-325-million/
- https://www.thefastmode.com/solution-vendors-m-a/18364-assurant-acquires-mobile-device-trade-in-firm-hyla-mobile
Featured Images: pexels.com