Insurance

In a competitive, commoditized industry like insurance, price has become less of a differentiator. When customers are constantly bombarded with enticements to switch and save, the smarter course is to build your retention and acquisition strategies around a positive, personalized customer experience.

Research bears this out:

  • Only 30% of policyholders report having a positive customer experience with their insurers.
  • 40% of customers are likely to switch automobile and homeowner insurance providers.
  • A personalized customer experience can increase policyholder conversion by 20%
 

 

"Integrating these [customer contact] channels to provide a seamless customer experience across an insurer’s sales and service activities is the next competitive differentiator."*

*Ernst and Young: 2015 EY US property-casualty insurance outlook

 

 

RESULTS-BASED SOLUTIONS

TeleTech can help you stand apart from the crowd, nurture enduring customer relationships and grow your business with a range of solutions designed specifically for property and casualty providers.

  • Saved $1.3 million per year with more efficient licensing processes.
  • Improved retention rates from 2% to 17%
  • Improved post-call processes, saving $20 million

Download our Insurance Brochure

 
 

Integrated approaches to acquisition and retention are essential to delivering a personalized customer experience

Insurance Industry Acquisition & Retention

TeleTech's Six Pillars of Policyholder Acquisition

TeleTech has over 30 years of experience helping clients in the insurance industry successfully acquire new policyholders. Our proven approach involves delivering an integrated, personalized experience across six key pillars. While each pillar can deliver a differentiated policyholder experience, the whole is greater than the sum of its parts.

 

 

TeleTech’s Five Pillars of Policyholder Retention

TeleTech’s integrated Five Pillars solution can significantly mitigate the risk that your policyholders will switch providers. It’s the integrated, personalized approach you need to retain your policyholders, reduce churn and increase revenue.

Insurance Industry Policyholder Retention
 

Featured Insurance Case Study

Less Growing Pains, More Gains

Every company loves the prospect of rapid growth, but if the business can’t maintain exceptional service, the celebration will be short-lived. One of the largest life insurance groups in the world was faced with this challenge as it geared up for the prospect of a 100 percent increase in new business from its North American New Life business.

Learn more

 

What can we do for your business?

Contact Us


 

RELATED THOUGHT LEADERSHIP

 

SPOTLIGHT

NEWS & EVENTS
TeleTech Announces Second Quarter 2017 Financial Results
TeleTech Welcomes Jeff Marcoux as Vice President, Product Marketing

Customer Experience Solutions and Marketing Innovation Expert Bolsters Customer Experience and Service Design Acumen
Read press release

CONTACT US

Global Headquarters
9197 South Peoria Street
Englewood, Colorado, U.S.A.
80112-5833

Phone:
For General Inquiries
+1.800.TELETECH
(+1.800.835.3832)

Outside of the U.S. please
dial +1.303.397.8100

For more information about TeleTech services and solutions
dial +1.877.206.8119

Outside of U.S. please
dial +1.480.389.1436

 
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