Afficiency taps new CFO

Afficiency taps new CFO | Insurance Business America

Afficiency taps new CFO

Afficiency, an insurtech focused on the life insurance sector, has announced the appointment of Andrew Lobo as chief financial officer.

Lobo has more than 15 years of experience in accelerating growth for organizations across North America. In his new role, he will lead, develop and implement financial strategy, management and reporting systems for Afficiency.

“We’re thrilled to bring Andrew aboard the team, as his financial experience will be vital to the long-term growth strategy that brings Afficiency to the next level of innovation,” said Mark Scafaro, CEO of Afficiency. “At Afficiency, we’re actively hiring the next generation of insurtech talent to enhance the strength of our growing product roadmap.”

Prior to joining Afficiency, Lobo served as CEO and CFO at Kin Slips. Before that, he served as a principal at Apollo Global Management.

Read next: USAA names new president of P&C insurance

“Afficiency’s digitally underwritten products and easy-to-integrate, cutting-edge technology platform are game-changers for the life insurance industry,” Lobo said. “Afficiency is innovating one of the most critical and complicated parts of the life insurance value chain. Our success will result in life insurance becoming more accessible to millions of people. I’m honored to work with a top-tier management team with deep industry and functional expertise, who are united by a collaborative and forward-thinking culture.”

Lobo’s appointment comes a month after Afficiency appointed Jim Reboin as chief revenue officer and announced its new office space in New York City, established to accommodate the rapid expansion of its team.