COLUMBUS, Ga., Feb. 19, 2016 /PRNewswire/ -- Aflac, the leader of voluntary insurance sales at the work site in the United States, announced today its recognition by FORTUNE magazine as a World's Most Admired Company, ranking the company No. 1 in innovation for the insurance, life and health category. This marks Aflac's 15th appearance on this prestigious list and the second consecutive year that the company has led its category for innovation.
The recognition comes as a result of an annual survey, conducted by FORTUNE and Korn Ferry Hay Group, a global management consulting firm. The survey is provided to top executives and directors at companies from across the world, along with financial analysts, to identify the companies that enjoy the strongest reputations within their industries and across industries.
"It is an honor to be named a FORTUNE World's Most Admired Company for the 15th time and to receive confirmation of Aflac's reputable service to our customers and shareholders," Aflac Chairman and CEO Dan Amos said. "We believe that our reputation for innovative customer service, best illustrated by our groundbreaking One Day PaySM initiative introduced in 2015, sets a tone for our company that helps people view our brand with admiration. We are grateful for the honor bestowed upon Aflac by FORTUNE magazine."
With One Day PaySM, when an eligible claim is submitted via SmartClaim by 3 p.m. ET, Monday through Friday, with all supporting documentation, Aflac processes, approves and disburses payment for the claim within one business day.
According to FORTUNE, the World's Most Admired Companies list is the definitive report card on corporate reputations. To compile the rankings, corporate reputation and performance are measured against nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products and services, and global competitiveness.
A complete listing of the World's Most Admired Companies and the methodology for the survey can be found at FORTUNE.com. The list also will appear in FORTUNE magazine's March print edition, which hits newsstands on Feb. 22, 2016.
FORTUNE is a global leader in business journalism known for its unrivaled access to industry leaders and decision makers. Founded in 1930, FORTUNE magazine has a worldwide circulation of more than 1 million and a readership of nearly 5 million and is the only business brand with editions in Europe and Asia, including a Chinese-language edition. FORTUNE is home to some of the strongest business franchises, including: FORTUNE 500, Best Companies, World's Most Admired Companies, Fastest Growing Companies and Most Powerful Women. The FORTUNE Conference Division extends the brand's mission into live settings, hosting a wide range of annual conferences for top-level executives, including the FORTUNE Global Forum and the Most Powerful Women Summit. For more information, go to FORTUNE.com.
When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For six decades, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the leader of voluntary insurance sales at the work site. Through its trailblazing One Day PaySM initiative, Aflac U.S. can receive, process, approve and disburse payment for eligible claims in one business day. In Japan, Aflac is a leading provider of medical and cancer insurance and insures 1 in 4 households. Aflac individual and group insurance products help provide protection to more than 50 million people worldwide. For nine consecutive years, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies. In 2015, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the 17th consecutive year. Also, in 2016, Fortune magazine included Aflac on its list of Most Admired Companies for the 15th time, ranking the company No. 1 in innovation for the insurance, life and health category. In 2015, Aflac's contact centers were recognized by J.D. Power by providing "An Outstanding Customer Service Experience" for the Live Phone Channel. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac and One Day PaySM, visit aflac.com or espanol.aflac.com.
Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York.
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