Tags:BuildingConsumerContent DistributionDataDesignDevelopmentDistributorInsuranceInsurTechInternetLifeManagementMarketingOptimizePlatformProductScienceTechnology
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! ______
Location: United States, New York
Member count: 11-50
Total raised: $7M
Founded date: 2017

Funding Rounds 1

DateSeriesAmountInvestorsDeal News
05.04.2022Series A$7MIA Capital...iacapgroup...

Mentions in press and media 4

DateTitleDescriptionCategoryAuthorSource
05.04.2022Afficiency...Life insurance distribution pl...--coverager....
05.04.2022Afficiency...Afficiency, a NYC-based insurt...USA-finsmes.co...
05.04.2022Afficiency...---iacapgroup...
-Afficiency...Prior to the pandemic, most li...--alleywatch...