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Aflac Incorporated / ˈ æ f l æ k / (American Family Life Assurance Company) is an American insurance company and is the largest provider of supplemental insurance in the United States. [3] It was founded in 1955 and is based in Columbus, Georgia .
Today, Dan Amos—who owns 0.5% of the company’s shares and 1.3% of voting shares—has turned his family business into a powerhouse, with more than 12,700 full-time employees globally.
Amos joined Aflac in 1973, working in sales for 10 years, during which time, he was the company's top sales person. He was named president of Aflac in 1983, chief operating officer in 1987, chief executive officer of Aflac Incorporated in 1990(2), and chair in 2001(3). Aflac, a Fortune 500 company, insures more than 50 million people worldwide.
Aflac's 'golden goose' and success in Japan. Amos calls the Aflac duck his “golden goose.” In 2000, two advertising executives came up with the idea to mock the company's name, and Amos took a ...
The man behind one of the most famous mascots in advertising history, the Aflac duck, Amos was "a nervous wreck" when the first commercial launched on New Year's Day of 2000.
Aflac CIO Shelia Anderson's approach to generative AI is conservative, but with the proper guardrails and education in place, the insurance company expects external use cases will be ready in 2025.
The company specialized in "industrial insurance," which was basically burial insurance. The company hired salesmen whose main job was to collect small payments (of about 10 cents) to cover the insured person for the next week. If the person died while insured, the company immediately paid benefits of about 100 dollars.
The first policy began 1939 for $350. The second began in 1943 for $600. Answer: It’s not a given that a modern insurer still has these policies, but it’s possible.