New York, United States
Afficiency is a pioneering player in the life insurance space, offering products that are not only easy to understand and purchase but are also seamlessly delivered through digital platforms. Founded in 2018 and based in the United States, Afficiency has received a significant boost with a recent $7.00M Series A investment from esteemed investors including IA Capital Group, Impression Ventures, SBLI, and Western & Southern Financial Group in April 2022.
Afficiency's value proposition lies in its comprehensive digital platform that simplifies the entire life insurance process, from quoting to policy issuance, catering to digital distributors via APIs. The company's tailored approach addresses the complexities faced by distributors in offering life insurance products, providing a gateway for quick integration and access to innovative digital solutions. Notably, Afficiency's proprietary ApprovedAPI offers valuable insights for distribution partners to optimize conversion funnels and enhance approval rates.
Furthermore, Afficiency extends its digital prowess to carriers, offering a streamlined platform for quote-to-policy development and leveraging reinsurance relationships to expedite new product launches. Its rapid development cycle, taking less than six months and minimal resources, is an attractive proposition for carriers seeking to bolster their digital offerings.
Afficiency's forward-thinking ethos is emphasized by its invitation to innovators, inviting passionate individuals to join its team. Dubbed as innovators, problem solvers, and masters of various facets within life insurance, the company is actively seeking talented team members to help shape the future of the industry.
With its innovative digital approach, robust industry partnerships, and investor backing, Afficiency is well-poised to revolutionize the life insurance landscape and cater to the evolving demands of consumers and industry stakeholders.
