# Mark Scafaro

> Mark Scafaro is the CEO and co-founder of Afficiency, a New York insurtech that designs digital life insurance products and distributes them through APIs, white-label journeys and agent-assisted platforms. After roles at Morgan Stanley, BNP Paribas, American Express and MetLife, he co-founded Afficiency with Ravi Arasan to remove friction from life insurance without discarding the carriers and distributors that make the market work.

- **Role:** CEO and Co-founder at Afficiency
- **Organizations:** Afficiency, MetLife, American Express, BNP Paribas, Morgan Stanley
- **Education:** Bachelor of Commerce, University of Sydney
- **Known for:** Co-founded Afficiency, which builds and distributes digitally underwritten life insurance products., Raised a reported $10.2 million across seed and Series A financing for Afficiency., Built partnerships spanning carriers, reinsurers and distribution businesses, including SBLI, Western & Southern, Quility, Foresters Financial and Continental General.

## Career timeline

- **1997-2000** — Worked as an analyst at Morgan Stanley.
- **2000-2001** — Worked in fixed income at BNP Paribas.
- **2002-2013** — Held strategy leadership roles at American Express, including vice president.
- **2013-2016** — Led customer acquisition and servicing for MetLife Direct.
- **2017-present** — Co-founded Afficiency with Ravi Arasan and serves as CEO.
- **2022** — Afficiency raised a $7 million Series A led by IA Capital Group, bringing reported total funding to $10.2 million.
- **2025** — Afficiency launched digital products with Foresters Financial and Continental General.

## Achievements

- Co-founded Afficiency, which builds and distributes digitally underwritten life insurance products.
- Raised a reported $10.2 million across seed and Series A financing for Afficiency.
- Built partnerships spanning carriers, reinsurers and distribution businesses, including SBLI, Western & Southern, Quility, Foresters Financial and Continental General.
- Helped develop a platform model that supports white-label, API-based and agent-assisted insurance distribution.
- Afficiency's Quility Level Term collaboration reported more than 46,000 policies and $13 billion in live coverage by December 2023.

## Latest updates

- **2025-10** — Afficiency and Continental General introduced NewBridge Final Expense, a digital, agent-assisted product with in-session underwriting decisions.
- **2025-07** — Afficiency and Foresters Financial launched Live Well Plus, a participating whole life product with a single-session digital sales journey.
- **2024-06** — Afficiency announced Scafaro's attendance at Insurtech Insights to meet industry partners and peers.
- **2023-12** — Afficiency, Quility and SBLI announced expanded QLT capabilities after reporting more than 46,000 policies and $13 billion in live coverage.

## Links

- Website: https://www.afficiency.com/
- LinkedIn: https://www.linkedin.com/in/mark-scafaro-9a638761/
- Twitter/X: https://twitter.com/afficiency

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Profile page: https://yespress.io/mark-scafaro
Published by YesPress — https://yespress.io
Last updated: 2026-08-27