The 1916 Company Partners with Kevin O'Leary's WonderCare for Exclusive Watch Insurance Offering
The 1916 Company has announced a strategic partnership with WonderCare, Kevin O'Leary's watch insurance platform powered by Chubb (NYSE:CB). This exclusive collaboration enables The 1916 Company's clients to instantly insure their luxury timepieces through Chubb's digital platform.
The partnership integrates WonderCare's insurance services directly into The 1916 Company's purchase experience, offering collectors competitive rates and a fully digital process for managing their watch insurance needs. The service provides coverage for replacement value rather than depreciated figures, addressing a critical gap in the luxury watch insurance market.
The collaboration brings together Kevin O'Leary's expertise as a watch collector and Chubb's position as the leading personal lines insurer for high-net-worth families in the U.S., offering clients a streamlined solution for protecting their valuable timepieces.
The 1916 Company ha annunciato una partnership strategica con WonderCare, la piattaforma di assicurazione per orologi di Kevin O'Leary, supportata da Chubb (NYSE:CB). Questa collaborazione esclusiva permette ai clienti di The 1916 Company di assicurare immediatamente i loro orologi di lusso tramite la piattaforma digitale di Chubb.
La partnership integra i servizi assicurativi di WonderCare direttamente nell’esperienza di acquisto di The 1916 Company, offrendo ai collezionisti tariffe competitive e un processo completamente digitale per gestire le esigenze di assicurazione degli orologi. Il servizio copre il valore di sostituzione anziché il valore deprezzato, colmando una lacuna importante nel mercato delle assicurazioni per orologi di lusso.
La collaborazione unisce l’esperienza di Kevin O’Leary come collezionista di orologi e la posizione di Chubb come principale assicuratore di linee personali per famiglie con alto patrimonio netto negli Stati Uniti, offrendo ai clienti una soluzione semplificata per proteggere i loro preziosi orologi.
The 1916 Company ha anunciado una alianza estratégica con WonderCare, la plataforma de seguros para relojes de Kevin O'Leary, respaldada por Chubb (NYSE:CB). Esta colaboración exclusiva permite a los clientes de The 1916 Company asegurar al instante sus relojes de lujo a través de la plataforma digital de Chubb.
La asociación integra los servicios de seguro de WonderCare directamente en la experiencia de compra de The 1916 Company, ofreciendo a los coleccionistas tarifas competitivas y un proceso totalmente digital para gestionar sus necesidades de seguro de relojes. El servicio ofrece cobertura por valor de reemplazo en lugar de valores depreciados, cubriendo una brecha crítica en el mercado de seguros para relojes de lujo.
La colaboración une la experiencia de Kevin O'Leary como coleccionista de relojes y la posición de Chubb como el principal asegurador de líneas personales para familias con alto patrimonio en EE. UU., ofreciendo a los clientes una solución simplificada para proteger sus valiosos relojes.
The 1916 Company가 Chubb (NYSE:CB)가 지원하는 Kevin O'Leary의 시계 보험 플랫폼 WonderCare와 전략적 파트너십을 발표했습니다. 이번 독점 협력을 통해 The 1916 Company의 고객들은 Chubb의 디지털 플랫폼을 통해 고급 시계를 즉시 보험에 가입할 수 있게 되었습니다.
이번 파트너십은 WonderCare의 보험 서비스를 The 1916 Company의 구매 경험에 직접 통합하여 수집가들에게 경쟁력 있는 요금과 완전한 디지털 프로세스를 제공, 시계 보험 관리가 편리해졌습니다. 이 서비스는 감가상각된 금액이 아닌 교체 가치를 보장하여 고급 시계 보험 시장의 중요한 공백을 메웁니다.
이번 협력은 시계 수집가로서의 Kevin O'Leary의 전문성과 미국 내 고액 자산가 가정을 위한 개인 보험 분야 선두주자인 Chubb의 입지를 결합하여 고객들에게 귀중한 시계를 보호할 수 있는 간소화된 솔루션을 제공합니다.
The 1916 Company a annoncé un partenariat stratégique avec WonderCare, la plateforme d'assurance montres de Kevin O'Leary, soutenue par Chubb (NYSE:CB). Cette collaboration exclusive permet aux clients de The 1916 Company d'assurer instantanément leurs montres de luxe via la plateforme numérique de Chubb.
Le partenariat intègre les services d'assurance de WonderCare directement dans l'expérience d'achat de The 1916 Company, offrant aux collectionneurs des tarifs compétitifs et un processus entièrement numérique pour gérer leurs besoins en assurance montre. Le service couvre la valeur de remplacement plutôt que la valeur dépréciée, comblant ainsi une lacune importante sur le marché de l'assurance des montres de luxe.
Cette collaboration réunit l'expertise de Kevin O'Leary en tant que collectionneur de montres et la position de Chubb en tant que principal assureur des particuliers fortunés aux États-Unis, offrant aux clients une solution simplifiée pour protéger leurs précieux garde-temps.
The 1916 Company hat eine strategische Partnerschaft mit WonderCare, der von Kevin O'Leary betriebenen Uhrenversicherungsplattform, die von Chubb (NYSE:CB) unterstützt wird, angekündigt. Diese exklusive Zusammenarbeit ermöglicht es den Kunden von The 1916 Company, ihre Luxusuhren sofort über die digitale Plattform von Chubb zu versichern.
Die Partnerschaft integriert die Versicherungsdienste von WonderCare direkt in das Kauferlebnis von The 1916 Company und bietet Sammlern wettbewerbsfähige Tarife sowie einen vollständig digitalen Prozess zur Verwaltung ihrer Uhrenversicherung. Der Service bietet eine Deckung zum Wiederbeschaffungswert anstelle von abgeschriebenen Beträgen und schließt damit eine wichtige Lücke im Markt für Luxusuhrenversicherungen.
Die Zusammenarbeit vereint Kevin O'Learys Expertise als Uhrensammler mit der Position von Chubb als führendem Versicherer für Privatkunden mit hohem Vermögen in den USA und bietet den Kunden eine unkomplizierte Lösung zum Schutz ihrer wertvollen Zeitmesser.
- Partnership with Chubb, the #1 personal lines insurer for high-net-worth families in the U.S.
- Integration of insurance services directly into the purchase process enhances customer experience
- Coverage based on replacement value rather than depreciated figures provides better protection for collectors
- Digital platform enables instant coverage and easy policy management
- None.
Insights
Chubb's luxury watch insurance partnership expands its high-net-worth client base while creating a seamless digital distribution channel.
This strategic partnership between Chubb, The 1916 Company, and Kevin O'Leary's WonderCare represents a calculated move to strengthen Chubb's position in the specialized high-value personal property insurance segment. The alliance leverages Chubb's digital integration platform, Chubb Studio, to embed insurance directly into the luxury watch purchase journey – a textbook example of the growing embedded insurance trend that's reshaping distribution models.
The partnership gives Chubb exclusive access to The 1916 Company's affluent clientele, described as the "leading destination for luxury watches and jewelry." This provides a targeted customer acquisition channel focused precisely on high-net-worth individuals who own insurable luxury assets. The arrangement creates a seamless digital pathway that eliminates traditional friction points in specialty insurance purchasing.
From a competitive perspective, this partnership reinforces Chubb's self-described position as "the number one personal lines insurer for high-net-worth families in the U.S." By securing this exclusive arrangement, Chubb effectively blocks competitors from accessing this specific distribution channel while creating a model that could be replicated across other luxury goods categories.
The solution addresses specific pain points in luxury watch insurance: ensuring items are insured for full replacement value rather than depreciated figures, providing digital policy management, and offering specialized expertise for valuations. This demonstrates Chubb's ability to develop highly targeted solutions for niche high-value markets – a capability that typically commands premium pricing and favorable loss ratios compared to mass-market insurance offerings.
Clients of The 1916 Company receive instant coverage through
Chubb from Mr. Wonderful's collector-focused insurance service.
The partnership offers collectors and enthusiasts a streamlined solution to insure their luxury timepieces with coverage backed by Chubb, the number one personal lines insurer for high-net worth families in the
The 1916 Company's core value system is rooted in supporting the needs of clients and collectors, offering products and services designed to enhance their watch and jewelry experience. Through this partnership, clients of The 1916 Company can quickly and easily access WonderCare's platform to insure their watches at the time of purchase.
"The thrill of acquiring a new timepiece should be seamlessly matched by the ease of insuring it," said Amy McNeece, Head of Digital Consumer for Personal Risk Services at Chubb. "We are pleased to collaborate with WonderCare and The 1916 Company to provide their clients with tailored coverage built into a digitally curated purchase experience."
Clients will benefit from competitive rates and a fully digital, efficient process, allowing them to receive quotes, activate coverage, add newly acquired timepieces to their policy, as well as remove pieces no longer in their collection, and update valuations. All of these actions can be done at the moment of purchase or later, from the comfort of their homes.
"WonderCare offers a simple and effective way to safeguard your watch collection," said John Shmerler, CEO of The 1916 Company. "As the luxury watch market continues to grow, the need for a tailored, easy-to-access insurance solution has never been more critical. We're excited to bring this valuable service to our clients, addressing the gap in the market, and ensuring that the process of protecting luxury timepieces is as smooth and seamless as possible."
Kevin O'Leary, Chairman of WonderCare, created the platform in response to the challenge of finding an insurance product that truly meets the needs of collectors. "I founded WonderCare to ensure that timepieces are accurately appraised and covered for their replacement value, not a depreciated figure," O'Leary explained, noting that many policies fail to cover an item's replacement value, which could exceed the retail price. "WonderCare offers a nuanced solution to this issue, providing a tech-enabled process that meets the needs of collectors. Through our partnership with The 1916 Company and Chubb's digital protection platform, we aim to equip collectors with the best tools and services to help protect – and truly enjoy – their collections. This relationship is a perfect match, combining my passion for the art of watchmaking and the excitement of collecting."
Shmerler added, "Kevin's profound love for watches and his understanding of the collector's mindset were key drivers for us to establish this partnership. He recently joined us at our Lounge in
As part of this partnership, The 1916 Company will refer clients to WonderCare's platform while maintaining its focus on providing exceptional service and expertise in the luxury watch space. Insurance services, including claims, policy adjustments, and support, will be managed directly by WonderCare and its licensed agents.
To learn more about The 1916 Company's exclusive WonderCare offering, visit www.the1916company.com/partnerships/wondercare, or get a personalized quote in minutes here.
Images available for download HERE.
ABOUT THE 1916 COMPANY
The 1916 Company is the world's leading destination and global community for collectible luxury watches and fine jewelry. Comprising more than 20 boutiques and Collector's Lounges in important watch markets worldwide, The 1916 Company brings together the legacies of WatchBox, Govberg Jewelers, Radcliffe Jewelers, and Hyde Park Jewelers to offer a curated selection of timepieces – both new and pre-owned – by the most respected watch brands, a dynamic media platform, and the support of trusted client advisors. The 1916 Company's vibrant community extends from coast to coast and around the world. www.the1916company.com
ABOUT WONDERCARE
WonderCare is a premium insurance platform built for watch collectors who demand protection as refined as their timepieces. Designed in partnership with Chubb, WonderCare offers seamless, high-limit coverage for luxury watches – whether acquired online, in-store, or through private dealers – ensuring every piece in one's collection is safeguarded with care and precision.
ABOUT CHUBB
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.
Insurance described is offered by WonderCare Insurance Services LLC (
PRESS CONTACTS
The 1916 Company, Caroline Kallman Joffe, caroline@the1916company.com, +1 717 951 2259
WonderCare, Nancy Cheung, ncheung@olearyventures.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/the-1916-company-partners-with-kevin-olearys-wondercare-for-exclusive-watch-insurance-offering-302508021.html
SOURCE The 1916 Company
FAQ
What is the new partnership between The 1916 Company and Chubb (NYSE:CB)?
How does the WonderCare insurance platform work with Chubb (NYSE:CB)?
What type of coverage does the Chubb-backed WonderCare insurance offer?
Who can access the WonderCare insurance through The 1916 Company?
How can customers get a quote for Chubb watch insurance through WonderCare?
