Reliance on Key Partners: Assurant's significant dependence on a few large mobile carriers and retailers for distribution of its lifestyle protection products creates a risk if these partners change strategies, insource services, or choose competing providers.

Economic Downturn Impact: A decline in consumer discretionary spending due to economic recession or inflationary pressures could reduce demand for Assurant's device protection and extended warranty products, impacting revenue and profitability.

Regulatory and Compliance Risks: The highly regulated insurance and warranty sectors expose Assurant to risks from new or changing regulations, increased compliance costs, or adverse governmental actions, particularly regarding product design, sales practices, or data privacy.