Greater Visibility, Lower Cost: Top Agencies Prove It
December 6, 2011 by Charles Wasilewski · 5 Comments
Agents and brokers are boosting their advertising and marketing efforts.
But they’re doing so without spending more. In fact, the data show they’re spending less.
That’s according to Shirley Lukens, AAI, principal of Reagan Consulting, who shepherds the annual Best Practices Study, a joint project of Reagan and the Independent Insurance Agents & Brokers of America (Big “I”). Formerly the head of industry affairs for Big “I”, Shirley was a mover behind launching the Best Practices initiative in 1993.
Speaking at the ASCnet TENCon industry event in September, Lukens noted that the most recent 2011 Best Practices research showed that agencies in the study “really stepped up their marketing advertising. They really aggressively advertised and marketed in ways that they hadn’t done in years past.”
But the agencies were not increasing their outlay for marketing; they were keeping it level or even reducing it in some cases, according to the financial data in the Best Practices research. Lukens looked more closely and even spoke to a few of the agency principals. She reported: Read more
Gift Card In the Big Store
October 11, 2011 by Charles Wasilewski · Leave a Comment
“It’s like a gift card in a big store.”
Recently a client made that statement at the conclusion of a discussion about a new branding initiative for his insurance firm. The client was delighted about having a range of choices in the creative materials we had developed. But he also was a bit torn and forlorn about having to only choose one approach from more than one choice.
Ah, there’s the rub, as Shakespeare once said.
With a marketing budget, or any budget for that matter, insurance brands need to make choices. Read more
Disaster Communications: We Can Do More with Social Media
October 4, 2011 by Rick Morgan · Leave a Comment
This post is a follow-up to the #Irene #Insurance blog I wrote on August 30. That post was written during Hurricane Irene and I talked about how agents, carriers and associations were leveraging social tools to effectively connect with their customers and communicate valuable information.
Since that post, much of the East Coast has suffered significant flooding from both Irene and Tropical Storm Lee—and the companies mentioned in my earlier post along with many other firms continued to make effective use of social networking to stay in touch with their customers.
They used everything from e-newsletter and blogs to Twitter and YouTube to post information on how to contact carriers, storm updates, emergency shelters locations, road closings, office hours, FEMA info, tips on cleaning, preparing a disaster supply kit, storm surge maps, “thank you’s” to emergency responders, photos of local flooding, and insurance policy coverage information. Read more
“This technology has people in it.”
September 27, 2011 by Dave Willis · Leave a Comment
A couple of weeks ago, I sat in on a presentation by James McQuivey, Ph.D., vice president and principal analyst for Forrester, held in conjunction with the Independent Insurance Agents & Brokers Education Convocation and Young Agents and Agents Council for Technology (ACT) meetings. In the session, titled “Market Effectively to Today’s Consumers,” he addressed the need to adapt to a hybrid digital/personal customer relationship.
As part of the ACT meeting held later that day, McQuivey answered audience questions for an hour or so. One line he shared during this follow-up Q&A exchange caught my attention. He said, “You need to show this technology has people in it.”
“Online search” is one way to do this. Independent agents need to find ways to increase their ranking in search results. The Consumer Access Portal initiative unveiled at the IIABA meetings should help agents do this. Incorporating local presence will, as McQuivey said, “add the trust to the web experience.”
The hybrid digital/personal customer relationship plays an important role after the sale is made—and not just 10 or 11 months after, either. Ongoing communication and interaction, online and in person, reinforces the connection, leads to new sales opportunities, and builds customer loyalty.
This hybrid relationship can actually start before the sale. Social networking—Facebook and YouTube, in particular—is ready-made for such connections. “Introduce your business on Facebook, ask people to like it, and tell them if they do you’ll periodically post things about how to handle a car accident or other issues when you learn them,” McQuivey suggested. “At least the customer will have your contact info.” This is especially important with younger customers, many of whom prefer Facebook communication over other forms—including email.
McQuivey cited our friend, Lisa Parry Becker, who chose not to attend the meeting so she could stay home and help customers with flood claims, as a prime example of how to tie digital and personal. “Share the news of Lisa staying away from this meeting to help clients,” he said. “You as agents have always been personal. You’re connecting to human beings who live in your community. You just need to let people know that.”
Have you found success building out hybrid digital/personal customer relationships? Are you too focused on one or the other? How do you find balance? Are some agents or other businesses doing a really good job of combing the technology and people? If so, what’s making a difference?
Social Networking – Its Impact on Your Brand
June 21, 2011 by Rick Morgan · Leave a Comment
While it is common for people to think of their logo as their brand – it is so much more than that. Brand is everything and everything is brand. Your brand is the impression or feeling someone has about your firm and is formed and evolves from every customer touch point or interaction with your company. Brand is your storefront, your reception area, your employees, and your voicemail system. Brand includes all of your communication tools. In the digital age your brand is the user interface, content, and functionality of your website. Brand is also your Linkedin profile, your Twitter activity, and your Facebook page.
Today more than ever brand is being defined by consumers and what they think is more important or has more influence than your brand messaging. Interestingly enough, even if you are not engaged in social networking it is having an impact on your brand. In fact, not engaging in social networking may be doing great harm to your brand. Read more
Lessons from the Rebrand Frontier
March 8, 2011 by Maureen Wall Bentley · Leave a Comment
In an industry in which so much has been reported as “down” in the last couple years—sales, revenues, retention—the one number that continues to rise is that of mergers and acquisitions. In 2010, agency M&A alone grew more than 20% over 2009.
Why? Baby Boomer principals are looking to fund their retirements, benefits brokers are eager for P&C partners to relieve them of the uncertainty of healthcare legislation and, quite simply, bigger fish are just eating smaller fish. Agents, brokers, companies, vendors…no one in our space is immune. And among those left standing, there is a profound need to embrace their new family members and prove their relevance in a highly competitive marketplace. Add to that the number of organizations that simply need to shake off tired brand identities and touch points, and you’ve got a host of entities debuting new looks.
So, it should be no surprise that over the last two years Aartrijk has been involved in the rebranding of several industry organizations—providing brand research, naming, tagline and logo development, trademarking, rollout and sometimes all of the above. And while every rebrand is inherently different, I’ve noticed a few common misperceptions and lessons learned. For those even considering rebranding, some words to the wise…. Read more
We’ve Seen the Sizzle. Now Give Us the Steak.
February 1, 2011 by Rick Morgan · 2 Comments
As insurance firms jump into the social fray by becoming active on Twitter, LinkedIn, YouTube, and other channels, some get caught up in the hype and flash, the bright lights of the social Web. Some make a mad dash to get as many friends, fans and likes as possible. A flurry of blog posts, tweets and status updates fly off the keyboard, many of them talking about you or your company.
If this sounds familiar, maybe it is time to slow down and reconsider:
- Are you providing substance?
- Are you engaged in the conversation?
- What is the right balance between quality and quantity of contacts?
After you begin to engage in social networking for your business, it is the quality of the contant that will keep your followers coming back. Substance can come in many flavors. But any way it comes, it should be good, interesting, valuable content. And that content should come from the heart, mind and soul of you and your company. Read more
Marketing Mayhem
November 23, 2010 by Maureen Wall Bentley · Leave a Comment
My husband laughs out loud every time Allstate’s new “Mayhem” commercials air. It’s a bit of a toss-up whether he likes “Flag” or “Jogger” best, but the whole campaign gets his attention—and a chuckle. We have been known to replay the new spots when they appear the first time. Mark also has a bit of a thing for Progressive’s Flo, and he has weighed in on Geico’s “Cavemen” vs. “Gecko” vs. “Rod Serling” (we both hate the weird dollar bills with eyes).
So, I guess I shouldn’t have been all that surprised when he asked me the other night: “Why are the most creative TV commercials for insurance?” 
Having worked in the insurance marketing space for many years now, I admit that I’ve seen more than my fair share of very, very bad advertising. But he was right: Much of the good ad creative now on television is related to our industry.
Why? Probably because every point of market share within the U.S. property-casualty sector represents about $4.6 billion in premium. Of that, more than one-third is personal auto, and the biggest opportunity for personal auto writers are buyers new to the industry—consumers under the age of 30 who have not yet formed a strong brand loyalty.
So, there is a very big incentive to create clever, witty ads that appeal to a younger generation (my 40-something husband notwithstanding) who want personal lines. And, if the preliminary numbers from A.M. Best Co. are any indication, those spots are working. Read more
Brand Camp Agenda Features: Do It Now, Value of Brand, Marketing Challenge
October 22, 2010 by Charles Wasilewski · Leave a Comment
Aartrijk Brand Camp 2010 kicks off Monday October 25 at The Driskill Hotel, Austin, Texas.
We invite you to follow Brand Camp updates on LinkedIn, Aartrijk’s Facebook page, Twitter (@Aartrijk) using hashtag #ABC2010, and Aartrijk’s blog.
Monday October 25, 2010
First up are the “Do It Now” sessions at 3:30 pm Central Daylight Time (CDT). Bring your problems, dreams, aspirations (large or small). Brand Campers, Counselors, and outside speakers will help you, on the spot. It’s a chance to create or fix key items for your brand. Then comes the welcome reception. Read more