American Fidelity Assurance Company Market Research Report
Company Overview
Name
American Fidelity Assurance Company
Mission of the Company
The company's mission is to provide supplemental benefits products that help people protect their finances and save for medical expenses and retirement.
Founding
- Year Founded: 1960
- Founders: C.W. Cameron and C.B. Cameron
Key People
- Current CEO: Bill Cameron (C.W.'s grandson)
Headquarters
The company is headquartered in Oklahoma City, Oklahoma, USA.
Number of Employees
American Fidelity employs over 1,900 colleagues nationally.
Revenue
No information is available regarding the annual revenue of the company.
Notability
American Fidelity is known for providing supplemental insurance products and benefits strategies, primarily to the education, public sector, automotive, and healthcare industries.
Products
Offered Products
American Fidelity provides a variety of supplemental insurance and financial products, including:
- Accident Insurance
- Cancer Insurance
- Critical Illness Insurance
- Disability Insurance
- Gap Insurance
- Life Insurance
- Hospital Indemnity Insurance
- Reimbursement Accounts (FSAs, HSAs, HRAs)
Product Descriptions and Features
- Accident Insurance: Provides cover against unexpected accidents, assisting policyholders with related expenses.
- Cancer Insurance: Offers financial protection aimed at covering treatments and related expenses of cancer diagnosis.
- Critical Illness Insurance: Offers a lump-sum payment when diagnosed with a covered critical illness, helping mitigate financial strain.
- Disability Insurance: Provides income protection in the event of a disability preventing work.
- Gap Insurance: Covers the gap between what health insurance will cover and the total cost of treatments.
- Life Insurance: Ensures financial security for beneficiaries in the event of the policyholder's death.
- Hospital Indemnity Insurance: Offers a cash benefit during hospital stays, helping with additional costs not covered by standard insurance policies.
Recent Developments
New Product Launches and Features
No specific information available.
New Features
No new product features have been mentioned.
Partnerships and Other Developments
American Fidelity is associated with numerous education, public sector, and automotive associations, providing them with tailored insurance solutions. The company is part of the larger Cameron Group, indicating diversified services including HR and financial security products.
Additional Information
- Financial Stability: American Fidelity has a strong financial standing, being rated "A+" (Superior) by A.M. Best since 1982.
- Market Presence: The company serves over 9,000 employer groups and has over 1 million active policyholders across 49 states.
- Community Engagement: The company is actively involved in community giving and has been recognized for financial stability and as a great place to work.
This concludes the market research report on American Fidelity Assurance Company. Specific quantitative financial data regarding revenue was not available, and while new product launches and features were not detailed, partnerships and market niches highlight the firm’s strategic positioning.
