StockNews.AI
AFL
StockNews.AI
173 days

Aflac hires 30-year industry leader Michael Fradkin to lead its Dental and Vision business

1. Aflac hires Michael Fradkin to lead Dental and Vision unit. 2. Fradkin has over 30 years of insurance experience. 3. Focus on customer experience and provider network growth emphasized. 4. Collaboration with SKYGEN aims to improve benefits management. 5. Aflac maintains leadership in supplemental health insurance market.

7m saved
Insight
Article

FAQ

Why Bullish?

The hiring of a seasoned executive indicates a strategic growth focus for Aflac. This could enhance customer engagement and revenue in the Dental and Vision sectors, aligning with industry expansion trends.

How important is it?

The appointment of Fradkin is significant for Aflac's vision, potentially influencing growth strategies for key product lines. His extensive experience could positively affect Aflac's market positioning and customer satisfaction.

Why Long Term?

The impact of executive changes often unfolds over time as initiatives are implemented. Historical cases show that leadership changes often result in improved operational performance and market perception after 6-12 months.

Related Companies

METGLLNCAFL
, /PRNewswire/ -- Aflac, the leading provider of supplemental health insurance in the U.S.,1 today announced the hiring of Michael Fradkin as senior vice president, Aflac Dental and Vision, a business unit that is a key component of the company's offering. Fradkin will report to Aflac U.S. Executive Vice President, COO and CFO Frederic Simard and will lead operations with a focus on customer experience, provider network growth and business expansion. 30 year industry veteran Michael Fradkin hired by Aflac to lead the company's Dental & Vision Business Fradkin brings more than 30 years of group insurance experience, specializing in dental and vision coverage. Most recently, he served as president of FastTrack, a made-for-insurance intelligent technology solutions provider, where he oversaw expansion into new markets while also driving significant improvements in quality and customer service. Prior to FastTrack, he served in various financial, product and strategy leadership positions with MetLife, Guardian and Lincoln Financial. "Capitalizing on recent process improvements, including our collaboration with SKYGEN, a premier cutting-edge technology partner that offers transformative solutions in the benefits management and administration space, we continue to build on our promise to provide the superior customer experience that Aflac policyholders expect and deserve," Simard said. "Michael's vast experience as an industry leader, including deep financial and actuarial experience across all key functions, and a strong track record of building high-performing teams, positions Aflac to capitalize on the growing Dental and Vision marketplace." Fradkin holds a bachelor's degree in Statistics and Economics from Rutgers University and has completed numerous executive programs at Harvard Business School. He is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries."Aflac Dental and Vision insurance is an essential component of any holistic financial protection plan, and it serves as a gateway for our customers to gain exposure to Aflac's premier suite of benefits solutions," said Aflac Incorporated and Aflac U.S. President Virgil Miller. "We expect Michael to apply his expertise and 30-plus years of success to enhance the customer experience, build trust in our offerings and improve Aflac's overall value proposition for consumers, our independent sales agents, brokers, providers and members."ABOUT AFLAC INCORPORATEDAflac Incorporated (NYSE: AFL), a Fortune 500 company, has helped provide financial protection and peace of mind for nearly seven decades to millions of policyholders and customers through its subsidiaries in the U.S. and Japan. In the U.S., Aflac is the No. 1 provider of supplemental health insurance products.1 In Japan, Aflac Life Insurance Japan is the leading provider of cancer and medical insurance in terms of policies in force. The company takes pride in being there for its policyholders when they need us most, as well as being included in the World's Most Ethical Companies by Ethisphere for 18 consecutive years (2024) and Fortune's World's Most Admired Companies for 23 years (2024). In addition, the company became a signatory of the Principles for Responsible Investment (PRI) in 2021 and has been included in the Dow Jones Sustainability North America Index (2024) for 11 years. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/español. Investors may learn more about Aflac Incorporated and its commitment to corporate social responsibility and sustainability at investors.aflac.com under "Sustainability."1 LIMRA 2023 U.S. Supplemental Health Insurance Total Market Report Media contact: Jon Sullivan, 706-763-4813 or [email protected]Analyst and investor contact: David A. Young, 706-596-3264, 800-235-2667 or [email protected]Aflac | Aflac New York | WWHQ | 1932 Wynnton Road | Columbus, GA 31999Continental American Insurance Company | Columbia, SCSOURCE Aflac WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News