Aflac Supplemental Insurance Leader
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Aflac is the largest provider of supplemental insurance in the US. Founded in 1955 in Columbus, Georgia, Aflac offers various insurance policies to help cover expenses not included in major medical plans, with over 50 million people currently protected. The company remains a leader in both the US and Japanese insurance markets, and has expanded its offerings through strategic acquisitions and alliances over the years.
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Aflac Supplemental Insurance Leader
- 2. AFLAC • American family life assurance company • Aflac is the largest provider of supplemental insurance in US • It is the leading insurance company in US and Japan • Which provide help with expenses not cover by the major medical plan • The company is the number one provider of guaranteed-renewable insurance in US • It products provide protection to more than 50 million people
- 3. LOGO
- 4. • Type: Public • Industry: Financial services • Founded : 1955 (Columbus, Georgia in us) • Founder(s): John Amos, Paul Amos, William Amos • American family life insurance company • 1964 : Changed American family life assurance company of Columbus • 1975 it established a holding company • Revenue $22.171 billion (2011)
- 5. Headquarters • Aflac building Columbus, Georgia, US
- 6. CEO Dan Amos
- 7. Insurance policies • Accident • Cancer/specified disease • Dental • Hospital confinement indemnity • Hospital confinement sickness indemnity • Hospital intensive care • Life • Specified heath event • Short term disability
- 8. Alliance • 2001 it form an alliance with giant Dai-ichi mutual life insurance company
- 9. ACQUISITION • 1978: AFLAC acquires WYEA in Columbus, Georgia. • In 2009 it acquires continental American insurance company
- 10. Competitors • American fidelity assurance company • Asahi mutual life insurance company • Nippon life insurance company
- 11. Mile Stones • It was one of the first companies in the world to offer insurance for cancer in 1958. • By 2000, more that 40 million people were insured with Aflac. • In 2001, Fortune named Aflac the fifth most admired company in the health and life insurance industry.
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