Afficiency delivers life insurance products on an all-encompassing digital platform, available for digital distributors from quote to policy all via API. Our focus is on building life insurance products that a consumer can easily understand in minutes, purchase in less than ten, in a 100% digital experience. Our solution includes cutting-edge technology, product design, reinsurance partnerships, and distribution relationships to provide an ‘all-in-one’ solution.
For Distributors:
New life insurance products can be difficult and complex. Afficiency creates products and solutions our distribution partners plug into their digital experience. Our API gateway allows our distributor partners to quickly offer our innovative digital life insurance products to their customers.
Afficiency’s proprietary likelihood to be approved score, ApprovedAPI, helps our distribution partners optimize their conversion funnels and spike approval rates by identifying and targeting prospects and clients who are likely to be approved.
For Carriers:
We provide a completely digital platform from quote to policy issue built for carriers. With our reinsurance relationships and advanced digital solution, our carrier partners can build new products quickly and gain access to our network of digital distribution. The process from development to launch happens in less than six months with limited resources required.
We would love to hear from you!
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For Distributors:
New life insurance products can be difficult and complex. Afficiency creates products and solutions our distribution partners plug into their digital experience. Our API gateway allows our distributor partners to quickly offer our innovative digital life insurance products to their customers.
Afficiency’s proprietary likelihood to be approved score, ApprovedAPI, helps our distribution partners optimize their conversion funnels and spike approval rates by identifying and targeting prospects and clients who are likely to be approved.
For Carriers:
We provide a completely digital platform from quote to policy issue built for carriers. With our reinsurance relationships and advanced digital solution, our carrier partners can build new products quickly and gain access to our network of digital distribution. The process from development to launch happens in less than six months with limited resources required.
We would love to hear from you!
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Location: United States, New York
Employees: 11-50
Total raised: $7M
Founded date: 2017
Investors 1
| Date | Name | Website |
| 13.06.2022 | IA Capital... | iacapgroup... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 05.04.2022 | Series A | $7M | - |
Mentions in press and media 6
| Date | Title | Description |
| 07.07.2022 | Afficiency Accelerates Growth, Announces Addition of New Office in NYC | The insurtech innovator stakes new office space to account for its growing team NEW YORK, NY / ACCESSWIRE / July 7, 2022 / Afficiency, the insurtech transforming the end-to-end life insurance buying process, today announced it opened a new ... |
| 05.04.2022 | Afficiency Raises $7M in a Series A investment round led by IA Capital Group | - |
| 05.04.2022 | Afficiency raises $7 million | Life insurance distribution platform Afficiency Afficiency Founded: 2017 Headquarters: New York, NY, US Total Funding: $3.15M See full company profile "> secured $7 million in a Series A round led by IA Capital Group with participat... |
| 05.04.2022 | Afficiency Scoops Up $7M Series A Round | NEW YORK, NY, Afficiency, an insurtech transforming the end-to-end life insurance buying process, today announced it has secured $7 million in a Series A investment round. >> Click here for more funding data on Afficiency >>... |
| 05.04.2022 | Afficiency Raises $7M in Series A Funding | Afficiency, a NYC-based insurtech company focused on innovating the end-to-end life insurance buying process, raised $7M in Series A funding. The round, which brings the total raised to $10.2M, was led by IA Capital Group with participation... |
| - | Afficiency Raises Another $7M for its Digital Life Insurance Insurtech Distribution Platform | Prior to the pandemic, most life insurance searches began online but more than 90% of policies were secured through an in-person interaction with a broker. COVID has not only served as a boon for the industry as consumers paid more attentio... |