Aflac

Aflac, established in 1955, is a leading financial services company based in Columbus, Georgia. It specializes in providing supplemental and renewable insurance solutions to individuals and businesses in the United States. Aflac's extensive product portfolio includes accident, cancer, critical illness, life, hospital, short-term disability, dental, and vision insurance policies. The company also offers various services to employers, such as cafeteria plans, COBRA administration, and enrollment solutions. Aflac Ventures, founded in 2016, is the corporate venture arm of Aflac, focusing on early-stage investments in the United States and Japan. It primarily invests in cancer, health tech, and insurtech sectors, with additional offices in Sunnyvale, California, and Tokyo, Japan. Aflac Ventures Japan, established in 2019, is the investment arm of Aflac Ventures in Japan, also focusing on cancer, health tech, and insurtech sectors.

Nadeem Khan

President, Aflac Global Ventures

Eric M. Kirsch

EVP and Global Chief Investment Officer

Tsana Nobles

Chief Risk Officer and Senior Managing Director

Tomoyuki Shimada

Managing Director

Past deals in Life Insurance

TCARE

Series A in 2022
TCARE, Inc. is a company that specializes in developing a caregiver support software-as-a-service (SaaS) solution aimed at preventing family caregiver burnout. Founded in 2017 and based in Saint Louis, Missouri, TCARE offers a cloud-based technology suite that allows care professionals to assess risk factors associated with caregiver burnout and implement timely interventions. Its platform serves various stakeholders, including organizations, care professionals, and family caregivers across the United States. By providing an evidence-based support program, TCARE not only aids in delaying or preventing nursing home placements but also helps reduce long-term care claims for Medicaid and life insurance carriers.

Covr Financial Technologies

Series B in 2022
Covr Financial Technologies, Inc. is a digitally enabled brokerage general agency based in Boise, Idaho, founded in 2013. The company specializes in providing life, long-term care, and disability insurance solutions tailored for financial institutions, advisors, and their clients. Covr offers a suite of digital platforms, including Covr Advisor, which helps financial advisors meet their clients' insurance needs by selecting appropriate products; Covr Consumer, which allows banks and credit unions to sell life insurance directly to customers; and Covr Insights, a tool for managing and analyzing existing life insurance policies. The company serves over 24,000 financial advisors and 13 million customers across 30 financial institutions, facilitating a simplified and efficient sales process for life insurance products.

Pendella Technologies

Seed Round in 2022
Pendella Technologies, established in 2018 and headquartered in Fort Myers, Florida, specializes in streamlining employee benefits and individual insurance solutions. The company operates a virtual portal that connects businesses with health insurance providers, offering employee benefit plans and income protection programs. Pendella's core solution leverages artificial intelligence and big data to automate underwriting, enabling users to compare plans, obtain quotes, and implement group insurance programs efficiently. Additionally, Pendella provides instant, no-medical-exam life and disability insurance to individuals through partnerships with top-rated carriers, making financial protection accessible to a broader range of people.

Pendella Technologies

Seed Round in 2021
Pendella Technologies, established in 2018 and headquartered in Fort Myers, Florida, specializes in streamlining employee benefits and individual insurance solutions. The company operates a virtual portal that connects businesses with health insurance providers, offering employee benefit plans and income protection programs. Pendella's core solution leverages artificial intelligence and big data to automate underwriting, enabling users to compare plans, obtain quotes, and implement group insurance programs efficiently. Additionally, Pendella provides instant, no-medical-exam life and disability insurance to individuals through partnerships with top-rated carriers, making financial protection accessible to a broader range of people.

TCARE

Series A in 2020
TCARE, Inc. is a company that specializes in developing a caregiver support software-as-a-service (SaaS) solution aimed at preventing family caregiver burnout. Founded in 2017 and based in Saint Louis, Missouri, TCARE offers a cloud-based technology suite that allows care professionals to assess risk factors associated with caregiver burnout and implement timely interventions. Its platform serves various stakeholders, including organizations, care professionals, and family caregivers across the United States. By providing an evidence-based support program, TCARE not only aids in delaying or preventing nursing home placements but also helps reduce long-term care claims for Medicaid and life insurance carriers.

Covr Financial Technologies

Convertible Note in 2020
Covr Financial Technologies, Inc. is a digitally enabled brokerage general agency based in Boise, Idaho, founded in 2013. The company specializes in providing life, long-term care, and disability insurance solutions tailored for financial institutions, advisors, and their clients. Covr offers a suite of digital platforms, including Covr Advisor, which helps financial advisors meet their clients' insurance needs by selecting appropriate products; Covr Consumer, which allows banks and credit unions to sell life insurance directly to customers; and Covr Insights, a tool for managing and analyzing existing life insurance policies. The company serves over 24,000 financial advisors and 13 million customers across 30 financial institutions, facilitating a simplified and efficient sales process for life insurance products.

Singlife

Series B in 2018
Singapore Life is a digital life insurance provider based in Singapore that offers a range of insurance solutions tailored for both high net worth individuals and the retail market. The company specializes in universal life policies designed for those seeking to safeguard their wealth within the Singapore regulatory framework. Singapore Life enhances the insurance purchasing experience by utilizing InsurTech innovations, making it easier for customers to access protection solutions both online and through financial advisers. Additionally, the company operates as an insurance brokerage, providing policy quotes from various distributors and offering investment solutions and debit cards. This approach empowers clients to take control of their financial well-being at every stage of their lives.

Tomorrow Ideas

Seed Round in 2018
Tomorrow Ideas, Inc. specializes in developing an application aimed at safeguarding families' financial futures. The app offers a range of features, including tools for creating a last will and testament, establishing a revocable living trust, and setting up guardianship for children and pets. Additionally, it includes calculators for net worth and life insurance, a comparison of term life insurance options, and provides a complimentary insurance policy. The application is accessible on both iOS and Android platforms. Founded in 2015 and headquartered in Seattle, Washington, Tomorrow Ideas is committed to helping families navigate important financial decisions.

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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