The Hartford And AARP Agree To Extend Auto And Home Insurance Program For AARP Members
June 02 2020 - 7:30AM
Business Wire
- The Hartford to continue to offer AARP endorsed auto and home
insurance program to 2033
- Announces investment in new technology platform to simplify and
streamline the customer experience
The Hartford announced an extension of its long-standing auto
and home insurance program for AARP members until Jan. 1, 2033. The
Hartford’s program has been endorsed by AARP for 35 years. It
launched in 1984 and since then has developed into a leading
affinity program.
“We are proud to continue our well-established and
market-leading program for the age 50-plus market that comprises
deep expertise, specially designed products, excellent claims
service and high customer satisfaction,” said The Hartford’s
President Doug Elliot. “With this renewal of our shared commitment
to serve the needs of AARP members, we have launched a major
initiative to harness the power of digital data and advanced
technology to ensure we are well-positioned to the meet the
changing needs of our customers.”
The Hartford has selected Duck Creek OnDemand, the provider’s
SaaS solution, as its new technology platform. The investment will
accelerate the company’s ability to respond to a changing
marketplace with sophisticated and contemporary products. It will
also deliver a frictionless customer experience with the speed and
ease necessary to continue to meet evolving consumer demands.
“For more than 35 years, The Hartford has served and protected
AARP members on the road and in their homes,” said President and
CEO of AARP Services John Larew. “We are pleased that The Hartford
will continue to meet the unique needs of our members and the
50-plus property and casualty market at large.”
The Hartford is the No. 4 direct personal lines company1, and
the Personal Lines business had $3.1 billion in written premium
last year. The Hartford is a recognized leader in the 50-plus
market with long-standing expertise. The company’s Center for
Mature Market Excellence is staffed by gerontologists who apply
their knowledge of aging to the company’s products and services, as
well as public-education programs about safety, mobility and
independence.
The AARP® Auto & Home Insurance Programs from The Hartford
offers auto, homeowners and personal umbrella insurance to AARP
members.
About The Hartford
The Hartford is a leader in property and casualty insurance,
group benefits and mutual funds. With more than 200 years of
expertise, The Hartford is widely recognized for its service
excellence, sustainability practices, trust and integrity. More
information on the company and its financial performance is
available at https://www.thehartford.com. Follow us on Twitter at
@TheHartford_PR.
The Hartford Financial Services Group, Inc., (NYSE: HIG)
operates through its subsidiaries under the brand name, The
Hartford, and is headquartered in Hartford, Connecticut. For
additional details, please read The Hartford’s legal notice.
About AARP
AARP is the nation’s largest nonprofit, nonpartisan organization
dedicated to empowering people 50 and older to choose how they live
as they age. With a nationwide presence and nearly 38 million
members, AARP strengthens communities and advocates for what
matters most to families: health security, financial stability and
personal fulfillment. AARP also produces the nation's largest
circulation publications: AARP The Magazine and AARP Bulletin. To
learn more, visit www.aarp.org or follow @AARP and @AARPadvocates
on social media.
About AARP Services, Inc.
AARP Services, Inc., founded in 1999, is a wholly-owned taxable
subsidiary of AARP. AARP Services manages the provider
relationships for and performs quality control oversight of the
wide range of products and services that carry the AARP name and
are made available by independent providers as benefits to AARP’s
millions of members. The provider offers currently span health
products, financial products, travel and leisure products, and life
event services. Specific products include Medicare supplemental
insurance; credit cards; auto and home, mobile home and motorcycle
insurance; life insurance and annuities; member discounts on rental
cars, cruises, vacation packages and lodging; special offers on
technology and gifts; pharmacy services and legal services. AARP
Services also engages in new product development activities for
AARP and provides certain consulting services to outside
companies.
HIG-PL
Some of the statements in this release may be considered
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. We caution investors that these
forward-looking statements are not guarantees of future
performance, and actual results may differ materially. Investors
should consider the important risks and uncertainties that may
cause actual results to differ. These important risks and
uncertainties include those discussed in our 2019 Annual Report on
Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the
other filings we make with the Securities and Exchange Commission.
We assume no obligation to update this release, which speaks as of
the date issued.
From time to time, The Hartford may use its website and/or
social media outlets, such as Twitter and Facebook, to disseminate
material company information. Financial and other important
information regarding The Hartford is routinely accessible through
and posted on our website at https://ir.thehartford.com, Twitter
account at www.twitter.com/TheHartford_PR and Facebook at
https://facebook.com/thehartford. In addition, you may
automatically receive email alerts and other information about The
Hartford when you enroll your email address by visiting the “Email
Alerts” section at https://ir.thehartford.com.
AARP and its affiliates are not insurers. The Hartford pays
royalty fees to AARP for its intellectual property. These fees are
used for the general purposes of AARP. AARP membership is required
for Program eligibility in most states.
1 A.M. Best, 2018
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version on businesswire.com: https://www.businesswire.com/news/home/20200602005474/en/
Media: Michelle Loxton 860-547-7413
michelle.loxton@thehartford.com Michelle Symington 860-547-5385
michelle.symington@thehartford.com Investors: Susan Spivak
Bernstein 860-547-6233 susan.spivak@thehartford.com
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