Owen Selects Assurant to Enable Embedded Protection for Swan’s Next-Generation Business Cards

Owen, an insurtech dedicated to modernising insurance for fintechs and digital platforms, and Assurant, Inc., a global company that redefines the boundaries of protection – safeguarding and servicing connected devices, homes, automobiles, and commercial equipment for leading brands worldwide, announce their collaboration to support Swan, Europe’s leading embedded banking platform, with tailored protection embedded directly into Swan-powered card products across France and Europe.

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Owen selected Assurant to provide the insurance capacity required to support Swan’s next-generation card offering, bringing together Owen’s embedded insurance expertise and Assurant’s scale, governance, and experience in affinity protection. Together, Owen and Assurant enable fintechs to integrate insurance natively into their financial products — seamlessly and at scale.

Under the arrangement, Assurant will act as the risk carrier for the insurance component, with Owen serving as broker and third-party administrator (TPA), and Allianz providing assistance services.

“This collaboration with Assurant reflects exactly what Owen is built for: insurance that is modern, simple, and embedded into the products people already use. With Swan as our first success story, we demonstrate that high-quality protection can be distributed at scale — natively, and without friction,” said Thibault Masson, Co-founder, Owen.

“This initiative is fully aligned with our strategy in France and Europe: to be an insurer first for the affinity ecosystem, working with both established and digital-native distribution partners,” said Felipe Sanchez, President, Assurant Europe. “Embedding travel coverage into Swan-powered cards brings added value at the precise moment customers need it—within the everyday financial experience—while meeting the high expectations of governance and service quality in the French market.”

Swan: The First Live Implementation of Owen and Assurant Working Together

The program launched in April 2026 with Swan, Europe’s leading embedded banking platform. Swan enables established B2B Softwares to integrate banking features — accounts, cards and payments — directly into their products. The platform processes approximately €2 billion in monthly transactions, operates across 30 European countries, and serves 150+ companies including Pennylane, Indy, Agicap and Lucca.

Through this initiative, Swan’s partners can now offer their users embedded travel insurance and fraud protection directly within their cards. Central to this model is Owen, bringing its embedded insurance expertise to the program — integrating protection natively into Swan-powered card products for a seamless user experience.

“Embedding insurance into a card product used to mean months of integration work and complex regulatory lift. With Owen and Assurant, it becomes a native capability, so Swan’s partners can ship richer, more complete card experiences for their own customers, faster.” – Julien Mettoudi – VP Product & Operations, Payment, Swan.

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