Colonial Life & Accident Insurance Company · Columbia, SC United States
Company Description
Phone: 803-798-7000
Fax: 803-213-7243
Toll Free: 800-438-6423
More Companies in: Columbia, South Carolina
More Companies in These Related Industries: Life Insurance
View Colonial Life & Accident Insurance Company Locations On A US Map
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This link will open in a new window Colonial Life & Accident Insurance steps in where traditional insurance companies leave off. Marketed under the Colonial Life brand, the company targets its supplemental insurance products to employees of companies who provide employer-sponsored benefits. Colonial Life's products include disability, accident, life, and cancer insurance. Operating in 49 states (all except New York) and in Washington, D.C. , the company has some 2.9 million policies in force with 60,000 business and organizational clients. Founded in 1939, Colonial Life was acquired in 1993 by Unum Corporation, and is now a subsidiary of Unum Group . To read the full description, subscribe now.
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Key Colonial Life & Accident Insurance Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 950 |
Colonial Life & Accident Insurance Company Executives
14 executives listed for Colonial Life & Accident Insurance Company's Columbia, SC location.
| Title | Name & Bio | Contact |
| President and CEO | Randall Horn | |
| SVP Finance and Risk Management | David Parker | |
| SVP Customer Acquisition Services | Henry Price |
Competition
Competitive Landscape for Colonial Life & Accident Insurance Company
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top Colonial Life & Accident Insurance Company Competitors
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