Le Lézard
Classified in: Environment
Subjects: Product/Service, Corporate Social Responsibility

Assurant Announces Device Trade-in Service for Lloyds Banking Group

Lloyds Banking Group have partnered with Assurant (NYSE:AIZ), a leading global insurtech, to offer mobile and device trade-in services to their Lloyds Bank, Halifax and Bank of Scotland customers via dedicated websites.

It can be hard for consumers to keep up with the conveyor belt of new tech available on the market, often leaving older devices untouched and languishing in a drawer, as people aren't sure how to dispose of them safely.

Assurant and Lloyds Banking Group have teamed up to solve this problem, giving customers a secure, environmentally friendly way of recycling unused devices ? plus a cash payment for doing so.

Customers of Lloyds Bank, Halifax and Bank of Scotland will have access to dedicated websites* where they can sell old and unwanted mobile phones and gadgets. By answering a few quick questions about their device customers will be given a valuation and, if they're happy with the offer, Assurant will arrange for the device to be sent to them, free of charge. Following receipt and verification, the payment for the device will be made within 48 hours.

Assurant's European trade-in programs paid out more than £8 million to customers for their old devices in 2023, at an average of £125 for each device ? so device trade-in is an easy way for people to earn a little extra cash.

Tech trade-in also plays a role in a more sustainable future, significantly reducing the number of mobile phones and electrical devices needlessly going to landfill. Assurant reconditions devices received from customers, keeping as many in circulation as possible. In the last five years, Assurant have repurposed and extended the useful life of over 22 million devices, equating to:

Lloyds Banking Group spokesperson said: "We're pleased to be the first bank to offer a device trade-in service as, by introducing this option, we're putting money back in people's pockets and helping them make a more sustainable choice when clearing out their old devices."

Chris Woolnough, UK Managing Director at Assurant, said: "We are proud to partner with Lloyds Banking Group, one of the UK's largest financial services organizations, and aligning to our shared mission to support a low-carbon economy. This partnership strengthens our commitment to delivering sustainable solutions and driving positive change for our customers."


About Assurant

Assurant, Inc. (NYSE: AIZ) is a leading global business services company that supports, protects and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world's leading brands to develop innovative solutions and to deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products and other products.

Learn more at assurant.com.

*Lloyds Bank device trade in 
Halifax device trade in 
Bank of Scotland device trade in

These press releases may also interest you

at 17:30
Forward Water Technologies Corp. (&quot;Forward Water&quot; or the &quot;Company&quot;) today announced that it has closed the issuance of the $225,000 of debentures referenced in the Company's press release dated May 14, 2024. The Company issued...

at 17:13
Every two years, the Estuary Partnership brings a focus to the management and ecological health of the San Francisco Bay-Delta Estuary. The State of the San Francisco Estuary Conference showcases the latest information about the region's work to...

at 17:10
Fonon Corporation, a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its Bulk-To-Shape (BTS)...

at 17:05
Danimer Scientific, Inc. ("Danimer" or the "Company"), a leading, next-generation bioplastics company focused on the production of biodegradable materials, announced that it received a notice from the New York Stock Exchange ("NYSE") on May 21,...

at 16:40
The Business + Higher Education Roundtable (BHER) is excited to announce the Automotive Parts Manufacturers' Association (APMA) as a new work-integrated learning (WIL) partner, with generous support from the Government of Canada....

at 16:35
Li-Cycle Holdings Corp. ("Li-Cycle" or the "Company"), a leading global lithium-ion battery resource recovery company, today announced updates from the Company's Annual General and Special Meeting of Shareholders held on May 23, 2024 (the "AGM")....

News published on and distributed by: