¶ … Aflac, Inc.:
Aflac Incorporated is a general business holding firm that serves as a management company in providing supplemental health and life insurance in the United States and Japan, the two largest insurance markets across the globe. The company supervises the operations of its two major subsidiaries in America and Japan that provide management services. As one of the leading firms in this industry, Aflac Inc. has insured more than 40 million people across the world. In addition, the company has an estimated workforce of more than 69,000 licensed agents who contribute to the huge revenues that the firm generates. Through its focus on specific disease health insurance policies including disability, accident, and long-term care; Aflac Inc. has continued to grow steadily in both the United States and Japan.
Adherence to the Stated Vision and Mission:
The mission and/or vision of Aflac Incorporated is to integrate creative strategic marketing with quality products and services at competitive prices to offer its consumers with the best insurance value. The company seeks to accomplish this through supplying quality for its agents, inspiring and rewarding working environments to employees, developing better quality to its shareholders, and using new technology for improved service to its policyholders.
The success and profitability of Aflac Incorporated in the insurance market can largely be attributed to its adherence of the stated vision statement, mission statement, and philosophies. Through its two business segments, the company provides insurance products that are specifically designed to assist customers in paying for their medical and non-medical costs. Aflac, Inc. offers its products in ways that allow its policyholders to change part of their life insurance to care sectors like nursing care ("Profile: Aflac Inc.," n.d.). In order to...
financial position of Aflac Inc. And its competitor MetLife Inc. Aflac, http://www.aflac.com/, is a Fortune 500 company founded by John, Paul and Bill Amos in 1955. Aflac insures more than 50 million people worldwide. At year end 2010, Aflac had assets totaling more than $101 billion with annual revenues of more than $20.7 billion (Aflac Inc., 2012). I chose to write about Aflac for this assignment because of my
Aflac, Inc. Case StudyThe purpose of this paper is to provide a review of a case study concerning the total rewards strategy at the American Family Life Assurance Company, Inc. (Aflac) and how it aligns with the company�s guiding values and principles. To this end, a discussion concerning the company�s internal strengths and weaknesses and the external opportunities and threats of the company as well as how it responded from
2 billion dollars with substantial space for growth within the next few years. Positioned against its top two competitors, Aflac is clearly the leader within the supplemental insurance industry. However, it is still behind overall insurance industry leaders such as Fidelity, Metlife, and other Fortune 500 companies. Overall, Aflac operates in a very niche specific industry, the accident and health insurance sector. By market cap they are double the size of
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Abstract A company’s most valuable asset is its people. Human resources refer to the people who comprise the organization. The practice of human resource management includes employee recruitment, hiring practices, employee development and retention, discipline, motivation, and to a degree, organizational culture and socialization. Human resource management also involves job or role definitions and clarifying hierarchies and relationships within an organizational structure. Ethical codes and codes of behavior may also be
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