Colonial Life & Accident Insurance Company Inc · 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 Inc 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 Supplemental Insurance 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 (except New York) and in Washington, D.C. , the company has more than 2.5 million policies in force with more than 50,000 business and organizational clients. Founded in 1939, Colonial Life is a subsidiary of Colonial Companies, which was acquired in 1993 by Unum Corporation, now Unum Group . To read the full description, subscribe now.
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Key Colonial Life & Accident Insurance Company Inc Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 950 |
Colonial Life & Accident Insurance Company Inc Executives
11 executives listed for Colonial Life & Accident Insurance Company Inc's Columbia, SC location.
| Title | Name & Bio | Contact |
| President and CEO | Randall Horn | |
| SVP Finance and Risk Management | David Parker | |
| SVP Customer Service and Information Technology | Annaclair Kiger |
Competition
Competitive Landscape for Colonial Life & Accident Insurance Company Inc
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Colonial Life & Accident Insurance Company Inc Competitors
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