InMoment XI

NOVEMBER 13, 2024

With effective customer experience management , you can re-engage customers who might otherwise be lost to your competition. A good example of the importance of reducing customer churn comes from nib New Zealand. million customers across the Tasman, the health insurance provider became profitable by focusing on churn prediction.

Customer Retention 195

Customer Retention 2024 ROI Competitive Advantage 195

InMoment XI

DECEMBER 10, 2024

To see what this can look like in action, read this customer story to learn how this large Telecommunications organization parted with InMoment to identify the root cause of customer churn and identified $6 million in at-risk revenue ! Use surveys and social media monitoring to capture insights into customer experiences.

2024 195

2024 ROI Net Promoter Score Multi-Channel 195

InMoment XI

JANUARY 18, 2022

In the past few years, businesses have had to pivot countless times in order to adapt the experiences they provide customers, employees, and the greater market. But keeping up with quickly evolving employee and customer expectations is easier said than done. Click here to review more findings in our interactive report!

2022 370

2022 Measurement Entertainment Hospitality 370

GetFeedback

DECEMBER 21, 2018

One in three customers will pay more to receive a higher level of service. 66% of adults feel that valuing their time is the most important thing a company can do to provide them with good online customer experience. online adults shop more with retailers that offer consistent customer service both online and offline.

Customer Retention 390

Customer Retention Net Promoter Score Poor Customer Service B2B 390

ReviewTrackers

MARCH 31, 2021

Improving customer retention can prevent billions of dollars of lost revenue in the insurance industry. What’s worse than losing billions in revenue is the amount that insurers have to pay to acquire new customers. Reducing customer churn requires insurance companies to think outside the box.

Insurance 123

Insurance Customer Retention 2017 Transportation 123

InMoment XI

OCTOBER 31, 2024

Despite the availability of digital channels, many customers pick up the phone to complain or seek support. As a result, it’s important to deliver a positive call center experience that meets customer expectations. Call center metrics provide insight into the customer experience and quantify agent productivity.

Call Center 195

Call Center Metrics Contact Center Customer Service 195

TechSee

JANUARY 2, 2018

Customer satisfaction and experience are important for every industry, and insurance is no exception. According to the OECD Global Insurance Statistics , more than US $2.29 trillion in claims were paid by insurance companies in 2016 alone. Visual engagement enhances the claim experience.

Insurance 116

Insurance Telecommunications Contact Center Document 116

GetFeedback

JULY 19, 2019

We can all agree customers expect more of us than ever. Research reflects it, too: 76% of consumers expect companies to understand their needs and expectations. We can agree there are more customer interactions than ever before, and some of that is our own fault. That’s the customer expectation.

ROI 309

ROI Touchpoint Hotels Customer Journey 309

Experience Investigators by 360Connext

OCTOBER 27, 2020

Offer specific measurement for parts of the customer journey, like tracking Customer Satisfaction Rates for a high-stakes touchpoint like product delivery or a customer service interaction. When designed to be an active part of the Voice of the Customer program, these are more than just a passive “nice to know.”

Customer Journey 359

Customer Journey Social Media Feedback Customer Journey Mapping 359

GetFeedback

JANUARY 19, 2020

Instead, supplement them with other forms of feedback such as: Text captured in customer emails, web site forms, call center agent notes, chat interactions, or even SMS. Call recordings which, like text, can be analyzed to learn about customer sentiment and issues. Customer service agent notes and messages.

Touchpoint 365

Touchpoint Customer Journey Measurement Social Media 365

CloudCherry

AUGUST 19, 2019

Even just 20 years ago, the job of “Chief Customer Experience Officer” at companies like a regional credit union, a large insurance company, or national retail organization was unheard of. Today, this new job function is evidence of one of the most important competing factors in today’s business environment: customer centricity.

Customer Centricity 218

Customer Centricity Culture Insurance 2019 218

Eptica

OCTOBER 19, 2016

Date: Wednesday, October 19, 2016 Falling through the gaps – email and the insurance industry. In this blog, I’m going to delve deeper into email performance and highlight some of the lessons for all insurers operating on the channel. Email has big advantages for insurers too. Published on: October 19, 2016.

Insurance 75

Insurance 2016 Social Media Government 75

Very Best Service

FEBRUARY 8, 2025

By providing prompt responses on these platforms, companies can improve the customer experience, leading to positive reviews and repeat business. This immediacy in communication is crucial in managing customer expectations and ensuring satisfaction.

Customer Service 52

Customer Service Social Media Healthcare Hospitality 52

InMoment XI

FEBRUARY 14, 2024

It’s easy to fall into the trap of thinking that customer expectations are always changing, and you’ll never be able to keep up. However, all your customers want the same thing: to be able to interact with their brand on their terms. What are the Advantages of Omnichannel Customer Experience?

Omnichannel 195

Omnichannel Customer Experience Social Media E Commerce 195

SurveySensum

OCTOBER 10, 2024

The gold standard for brand loyalty in Insurance — Customer Experience Unfortunately, insurance customer experience is not what it is supposed to be! It often lags in meeting the rising customer expectations, who now seek personalized advice, omnichannel experiences, and clear and transparent communication.

Insurance 52

Insurance Customer Experience Omnichannel Customer Journey 52

InMoment XI

SEPTEMBER 26, 2024

Too few agents mean long wait times and frustrated customers, while too many agents during off-peak hours lead to underutilization and wasted resources. Inconsistent Issue Resolution: Customers expect quick and accurate resolutions when they reach out, but in reality, many issues are escalated or require follow-up.

Call Center 195

Call Center Contact Center ROI Telecommunications 195

CSM Magazine

NOVEMBER 18, 2024

. “We’re proud to be entrusted by PSG to continue our mission to build better, more seamless, and innovative customer experiences,” said Dvir Hoffman, CEO of CommBox. ” Recent data reveals that 80% of consumers want to see AI in customer service, but only 15% of brands have fully deployed such technologies.

Customer Experience 52

Customer Experience Healthcare Omnichannel 2013 52

TechSee

JUNE 16, 2022

Customers expect better and faster pre and post purchase services. Whether they need help setting up a new device or to repair a damaged product, the way in which these interactions are handled are at the heart of customer satisfaction. Barry Dalton, Global VP, Customer Interaction Technology at Concentrix.

Customer Service 251

Customer Service Contact Center 2022 Magazine 251

InMoment XI

OCTOBER 4, 2024

A customer’s experience doesn’t start and end with purchasing your product or service. It’s a journey encompassing every point of interaction with your brand, from the initial awareness to leaving an online review. To grasp customer experience management, it’s essential to first understand customer experience itself.

Customer Experience Management 195

Customer Experience Management Customer Experience Management 2024 195

InMoment XI

DECEMBER 13, 2024

Modern customers interact with many touchpoints before making a purchase. In fact, 89% of customers say that a quick response to an initial inquiry is important when deciding where to take their business. As a result, teams can make informed decisions on improving customer relationships and resolving issues.

Call Center 195

Call Center Contact Center Social Media Metrics 195

Eptica

APRIL 5, 2017

Date: Wednesday, April 5, 2017 Why customer experience is central to digital transformation in insurance. Author: Angus Prentice The insurance industry is facing enormous pressures. No wonder that a new article from McKinsey is headlined “ Time for insurance companies to face digital reality.”

Insurance 49

Insurance Customer Experience 2017 Consumers 49

ReviewTrackers

MARCH 22, 2019

Customer retention in the insurance industry is important to reducing churn, which prevents billions of dollars lost in revenue. What’s worse than losing billions in revenue is the amount that insurers have to pay to acquire new customers. Reducing customer churn requires insurance companies to think outside the box.

Insurance 50

Insurance Customer Retention 2017 Transportation 50

Beyond Philosophy

JUNE 11, 2021

Loss Aversion is the basis of the insurance industry. Insurance protects against loss by reducing your financial risk for a small (relatively) fee. However, Loss Aversion works for more than insurance companies. The letter framed in losses persuaded more customers to use the debit card instead of cash.

Insurance 122

Insurance Marketing Reference Communication 122

Beyond Philosophy

JULY 13, 2021

The customers want their problems solved, and every transfer pollutes that problem-solving experience. We have a service called Customer Mirrors , where we have an experience as a customer and then report back to our clients what we observed. Working with an insurance company in England, we engaged in a few of these exercises.

Customer Experience 167

Customer Experience Call Center Hotels Insurance 167

InMoment XI

JUNE 13, 2024

They could implement text mining to enhance operations and improve customer satisfaction. The center can identify common customer issues and frequently asked questions by analyzing transcripts of customer service calls, emails, and chat interactions.

Social Media 195

Social Media Document Contact Center Insights 195

Hello Customer

JANUARY 22, 2021

Physical customer interactions have been reduced to almost 0. Companies increasingly have to service their customers via digital channels. How do you know if you still reach your customers? And does the digital experience meet your customer’s needs? As a service company, this can be challenging. To wrap it up.

Insurance 98

Insurance Customer Centricity Document Feedback 98

Thematic

OCTOBER 30, 2024

Voice of the customer (VoC) involves collecting and analyzing customer feedback about their experiences, needs, and preferences regarding your products, services, or brand. The impact of VoC on customer satisfaction Customer satisfaction is a critical metric, and voice of the customer data plays a significant role in improving it.

Voice of Customer 62

Voice of Customer Insights E Commerce E-support 62

inQuba

FEBRUARY 10, 2025

A note on value delivery Businesses are quick to talk about the value of customers rather than value to customers. However, customers that receive value create business value in return. The types of value that customers expect at each step of their journey, either consciously or otherwise, are different and nuanced.

Customer Journey 52

Customer Journey Management Insurance Download 52

Alida

SEPTEMBER 22, 2016

Brands are failing to meet customer expectations. In his keynote, Andrew Reid, founder and president of corporate innovation at Vision Critical, revealed that 84 percent of customers don’t think brands exceed expectations. Embrace the opportunities of a frictionless world.

2016 267

2016 Innovation Marketing Insights 267

TechSee

JULY 14, 2020

Known as “contactless service,” this new model is the key to meeting customer expectations and achieving the business resilience necessary to shrug off the effects of COVID-19 and emerge even stronger than before. Enterprises have found that introducing a visual element results in successful contactless interactions with customers.

Contact Center 109

Contact Center Reference Insurance Interaction 109

Magellan Solutions

MARCH 22, 2021

Insurance BPO is a gold mine. That is why Insurance Business Process Outsourcing exists. In this article, we will discuss with you how insurance BPO can help you increase your sales. What is an Insurance BPO? Insurance Business Process Outsourcing or Insurance BPO makes your life easy by handling back-office tasks.

Insurance 52

Insurance Sales Call Center 2013 52

Playvox

JANUARY 24, 2022

While it’s hard to argue against the importance of delivering great CX, it’s also all too easy to assume that the experiences your contact center delivers are up to par simply because you are handling interactions efficiently. Until you start measuring customer experience , you could easily be falling behind the competition.

Contact Center 88

Contact Center Measurement Customer Experience Net Promoter Score 88

CloudCherry

JULY 25, 2018

“Nearly 90% of respondents from leading firms felt they were adept at managing customer experience from an omnichannel perspective—that is, they have the ability to carry each customer’s context seamlessly from one channel to another and personalize interactions across each, allowing customers to easily find and utilize their preferred channel.”.

Technology 170

Technology Brands Customer Experience Omnichannel 170

Interactions

SEPTEMBER 19, 2024

In an era where customer experience (CX) can make or break a brand, companies are increasingly turning to technology and strategic partnerships to stay ahead. This blog delves into the key lessons learned from this partnership and how it can serve as a model for other organizations looking to revolutionize their customer service operations.

Customer Service 62

Customer Service Insurance Competitive Advantage Call Center 62

Eptica

MARCH 21, 2019

Author: Olivier Njamfa - CEO & Co-Founder Trust is central to any brand’s relationship with its customers. The study found that the key to creating trust is to simply to do what customers expect of you. In this study, we focused on fashion, food and drink, travel, insurance and banking brands.

Brands 80

Brands 2019 Insurance Fashion 80

ShepHyken

DECEMBER 2, 2016

If you know your customers’ likely emotions, you can recognize critical customer interactions more clearly, know better whom to hire and how to train them and even design specific ways of ensuring that your customers’ emotions help forge a bond between the two of you. How much emotion is the customer likely to have?

Blog 128

Blog Management Hotels 2016 128

Experience Investigators by 360Connext

JULY 12, 2022

Offer specific measurement for parts of the customer journey, like tracking Customer Satisfaction Rates for a high-stakes touchpoint like product delivery or a customer service interaction. When designed to be an active part of the Voice of the Customer program, these are more than just a passive “nice to know.”

Customer Journey 143

Customer Journey Feedback Social Media Customer Journey Mapping 143