Aflac

Aflac is a financial services company based in Columbus, Georgia, that specializes in supplemental and renewable insurance solutions for individuals and businesses in the United States and Japan. Founded in 1955, Aflac provides a diverse range of insurance products, including accident, cancer, critical illness, life, hospital, short-term disability, dental, and vision insurance. The company markets its offerings primarily through independent distributors, with a significant focus on direct sales to consumers at their workplaces. In addition to its insurance products, Aflac offers various services to employers, such as cafeteria plans, policyholder change plans, COBRA administration, and enrollment solutions. Aflac also has a venture capital arm, Aflac Corporate Ventures, which invests in early-stage companies in both the United States and Japan, fostering innovation in the insurance sector.

Eric M. Kirsch

EVP and Global Chief Investment Officer

Bharat Rajaram

Managing Director and CFO, Aflac Global Ventures | Corporate VC and Innovation

Past deals in Life Insurance

Covr Financial Technologies

Convertible Note in 2020
Covr Financial Technologies, Inc. operates as a digital brokerage general agency, providing life, long-term care, and disability insurance solutions tailored for financial institutions, their advisors, and clients. The company's offerings include the Covr Advisor platform, which enables financial advisors to efficiently meet their clients' insurance needs by selecting appropriate products, and the Covr Consumer platform that allows banks and credit unions to sell insurance directly to customers online. Additionally, Covr Insights assists in managing and analyzing existing life insurance policies. Founded in 2013 and based in Boise, Idaho, Covr serves over 24,000 financial advisors and 13 million customers across various financial institutions, including wealth management firms, banks, and credit unions. The company is supported by notable venture capital investors and features an advisory board that includes prominent figures from the financial services industry.

Singlife

Series B in 2018
Singapore Life is a digital life insurance provider based in Singapore, offering a range of services tailored for both high net worth individuals and the retail segment. The company specializes in universal life solutions that cater to clients seeking to manage their wealth within the Singapore regulatory framework. Additionally, Singapore Life provides protection solutions available through digital platforms and financial advisers, streamlining the insurance purchasing process. By integrating various InsurTech innovations, the company enhances the customer experience, promoting financial freedom and control over personal financial well-being. Overall, Singapore Life represents a modern approach to life insurance, making it easier for customers to secure their financial future.

Continental American Insurance Company

Acquisition in 2009
Continental American Insurance Company (CAIC), originally established in 1980 as Carolina Continental Insurance Company, specializes in providing voluntary group insurance products designed to offer personal and family protection to working Americans. The company’s offerings include critical illness, accident, life, and disability income insurance, along with benefits consulting, enrollment services, and employee communication. CAIC distributes its products through insurance brokers at the worksite, ensuring accessibility for employees. The company has received an A- (Excellent) rating from A.M. Best, reflecting its financial stability. In recent years, CAIC's financial performance has been consolidated under the Aflac U.S. reporting segment for Aflac Incorporated and subsidiaries, indicating its integration within a larger insurance framework.
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