Aflac references measurable improvements in operational efficiency and costs from its partnership with BancTec.
Irving, Texas, March 13, 2014- BancTec has been selected as Technology Partner of the Year for 2013 by Aflac, the largest provider of supplemental insurance in the United States. Aflac made the announcement at its annual awards banquet, honoring BancTec with the award and citing the company’s exceptional service and bottom-line results as measured by improved business performance.
“We are especially honored to receive this award from our largest client in the United States,” said Maria Allen, BancTec EVP and President of the Americas. “We take tremendous pride in the impact that BancTec has had on Aflac’s operational efficiency and ability to deliver superior service to its more than 50 million customers.”
“Aflac is committed to continuously improving our customers’ experience with our products and services, and BancTec is helping us complete this mission. So we would like to congratulate BancTec as an Aflac 2013 Partner of the Year award winner,” said Teresa White, Executive Vice President, Chief Operating Officer of Aflac.
In presenting the award, Aflac referenced notable and measurable results from its partnership with BancTec including improvement in claims throughput, significant reduction in compliance issues, acceleration of cash flow and considerable reduction of costs.
“Insurance companies are faced with an increasingly competitive market,” added Allen. “Aflac’s partnership with BancTec contributes to lower operational costs, improved customer service and faster turnaround times. The results support Aflac’s commitment to provide the best insurance value for its customers.”
About Aflac When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For nearly six decades, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the leading provider of voluntary insurance. In Japan, Aflac is the number one life insurance company in terms of individual policies in force. Aflac individual and group insurance products help provide protection to more than 50 million people worldwide. For seven consecutive years, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies. In 2014, FORTUNE magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the 16th consecutive year. Also, in 2014, FORTUNE magazine included Aflac on its list of Most Admired Companies for the 13th time, ranking the company number one in the life and health insurance category. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com or espanol.aflac.com.