Bloomington, IL (March 7, 2013)
State Farm Life Insurance Company has been awarded the Shingo Bronze Medallion for Operational Excellence; becoming the first financial services company to receive such recognition.
The Company joins a select group of organizations around the world recognized by the Shingo Prize for Operational Excellence. The achievement recognizes State Farm Life's six year journey to continuously raise the bar on the value provided to customers.
The Shingo Prize for Operational Excellence is a not-for-profit organization whose mission is to create excellence in organizations through the application of universally accepted principles of operational excellence, alignment of management systems, and the wise application of improvement techniques.
State Farm Life's recognition was earned by a multi-step evaluation process. The final assessment involved a two day site assessment, benchmarking the organization's efforts to the universally accepted standards of the Shingo Model for Operational Excellence.
"Our continuous improvement philosophy is rooted in the State Farm mission. Our mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams," Dick Paul, Vice President - Life/Health and Mutual Funds said. "It is an honor to be the first financial services company recognized by Shingo. We are proud of this achievement and we will continue to focus on improving processes to create value for our customers."
State Farm Life will be honored at the 25th Annual Shingo International Conference on May 9, 2013 in Provo, Utah. An award presentation will also take place at the company's Bloomington, Illinois headquarters on May 22, 2013.
State Farm Life Insurance Company offers a full suite of life insurance products including term life, whole life, and universal life insurance, as well as deferred and immediate annuities.
For more information, visit http://www.shingoprize.org/
State Farm Life Insurance Company (not licensed in MA, NY or WI), Bloomington, IL
State Farm and its affiliates are the largest provider of car insurance in the U.S. and is a leading insurer in Canada. In addition to providing auto insurance quotes, their 17,800 agents and more than 65,000 employees serve 81 million policies and accounts - more than 79 million auto, home, life and health policies in the United States and Canada, and nearly 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 43 on the Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com or in Canada http://www.statefarm.ca.