+5.7% Business Growth
6.7% Profit Increase
#1 Ranked Insurance Brand Worldwide

Discover how Allianz partnered with InMoment to gain a deeper understanding of their customers’ experience, resulting in increased sales, higher customer renewal rates, and a strengthened position as a leading insurance company. By adding over 30 contextual data points to direct customer feedback, Allianz was able to identify areas for improvement in handling customer issues and provide a better overall experience. Through partnership with InMoment, Allianz was able to:

  • Reduced Case Resolution Time under 48 hours
  • Increased Sales Conversion Rates
  • Enhanced Productivity

Allianz aimed to deliver a much deeper understanding of their customers’ expectations and perceptions to enhance their overall experience. Their objectives included driving an increase in sales, boosting the customer renewal rate, and promoting customer advocacy. However, they needed a comprehensive approach to gather and analyze detailed customer feedback to achieve these goals.

To address this challenge, Allianz partnered with InMoment to implement a strategy that involved adding over 30 contextual data points to each piece of direct customer feedback. This approach provided a detailed picture of each customer’s experience. Through this enriched data, Allianz identified areas for improvement in handling customer issues, leading to the development of better call center scripts and a coaching programme for frontline staff.

By gaining a deeper understanding of customer expectations and perceptions, Allianz was able to deliver the right experience at the right time. The improvements in customer issue handling, enhanced call center scripts, and frontline staff coaching resulted in increased sales, higher customer renewal rates, and strengthened customer advocacy. This comprehensive approach significantly contributed to Allianz’s position as a leading insurance company.

 “The VOC program has given us the ability to gain a real deep understanding of our customers. It is the cornerstone of our continuous improvement program and has also really empowered our frontline staff to do the right thing for the customer.” – Head of Insight and CX, Allianz UK

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Insurance CX data
aegon

At Forrester CX EMEA, we heard from InMoment client Aegon, a Dutch public company for life insurance, pensions, and asset management. The key message throughout the conference was to be bold and ensure that organisations are aligned, focused, and ready for the future. Aegon are certainly delivering on this agenda and are continuing to succeed by connecting people and processes across the entire organisation to achieve shared goals and focus on growth.

Aegon’s ‘Connecting with Customers’ programme is an award winning programme which has delivered spectacular results for the business, colleagues and customers. Using a customer centric approach, Aegon has successfully enabled their teams to receive real-time feedback in order to drive change and as a result, are increasing customer satisfaction and accelerating growth.

Connecting With Customers

The experience programme ‘Connecting with Customers’, is successfully embedding a customer-focused culture throughout the business, underpinned by the strong CX & Insight framework run in partnership with InMoment. The programme reaches all parts of the business through online learning, customer talks, animated games and cartoons, podcasts, skills workshops, topic masterclasses, and more. 

In their Forrester CX EMEA presentation, Aegon explained how their program has resulted in deeper customer understanding and colleague empowerment, which translates into measurably better outcomes for the customer and a healthier business. Keep reading for the top takeaways: 

3 Key Takeaways From the Presentation: 

Takeaway #1: Be BOLD

Set out to create a customer-obsessed culture, and get there! Aegon has taken the Connecting with Customers (CwC) roadshow to all locations and functions in the business. It is a very high profile campaign, an ‘all or nothing’ approach because the business knows the customer must come first. 

The Board Directors have shown their support and CwC manifests in many different forms from a regular podcast to learning and development resources, an audio library of customer calls and customer feedback videos. 

Making VoC a part of the entire business might seem like a bold move, but the effort is worth it. As a CX leader, you need to ensure the whole business is aware that every decision affects the customers’ experience.

Takeaway #2: Break Down Silos

Everybody has a role in serving the customer so be inclusive! Recently, a customer was invited into the Aegon offices where he met all those who had helped him on his retirement journey, both back office and customer facing. This event really brought it home how everyone at Aegon has a unifying purpose, to connect with customers. 

Creating a customer focused culture throughout the entire organisation breaks down barriers and allows for better communication and understanding, and as a result, better customer outcomes.

Takeaway #3: Have Fun

Customers can tell when employees enjoy their role and connect with their purpose. Aegon threw a CwC 2nd birthday party recently with music, discussions, and games. And for the New Year’s quiz, Jenny Ryan from ITV’s “The Chase” was the guest of honour! Connecting EX and CX is massively important and by understanding that employee experience can have a positive impact on customer experience is key to creating a customer centric culture. 

One final point that stands out from successes such as Aegon’s is how vital it is to have an inspirational CX leader with the charisma, vision and drive to elevate customer centricity to new levels. In Iain O’Connor, Head of Customer Experience & Insight, Aegon has one of the best, along with other great CX leaders such as Claire Tidey, CwC Programme Manager.

Want to hear from Iain as he speaks about understanding customers’ expectations? Check out this video!

With over 30 million customers, Aegon, a multinational life insurance, pensions and asset management company, is on a mission to understand their customers’ expectations and improve the way they communicate with them in order to continually improve experiences.

Aegon is committed to helping customers achieve a healthy and financially secure future. To do this, customer feedback is key in listening to their needs and what they expect from the organisation.  Working in partnership with InMoment, Aegon is using customer feedback to align the business into becoming more customer focused. 

Watch this video to hear from Iain O’Connor, Senior Manager – Customer Experience and Insight at Aegon, as he explains why Aegon chose InMoment as their Customer Experience Partner.

Petplan Partners with InMoment

Petplan is the most comprehensive pet insurance in one simple plan.

“We are constantly working to improve our operations and service. The InMoment experience management technologies are helping us to pinpoint opportunities where we can react quickly to improve our performance to increase new customer acquisitions and maintain policy renewals.”

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Medibank Designs VoC Analytics Toolkit to Showcase CX Impact

Medibank customer experience program

Medibank, one of Australia’s largest health insurance providers, leveraged experience data to strengthen CX influence across the business, which resulted in significant NPS uplift and improved business performance.

  • Use data analytics to defend and add credibility to your CX program across the business
  • Predictive analytics can be used to reach non-respondents and pre-empt churn
  • Text analytics has been instrumental in helping Medibank employees across the business to stay on the same page

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Fully Automated Customer Experience Solution Supporting the Transformation into a Customer-Centric Firm

The Versicherungskammer Bayern (VKB) is one of Germany’s ten largest direct insurers and the country’s largest public insurer. The VKB’s fundamental aim is that of a thoroughly customer-centric organisation. To stay out front as an industry pioneer, the VKB anchored raising customer satisfaction as one of the company’s primary objectives.

“The goal behind the transformation plans is to get more closely aligned with the customer and understand the entire customer journey from the customer’s perspective, feeling what they feel and thinking what they think. Only then are we able to implement the improvements necessary to better meet our customers’ requirements.” -Holger Dahl, Marketing Strategy Director, VKB

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Indiana Farmers Insurances' Plan to Reach Out to Their Detractors Pays Off (Literally)

Text analytics revealed that Indiana Farmers Insurance customers (detractors) were leaving at twice the rate of both passive customers or promoters. The plan to move the detractors over to passives or promoters using InMoment’s case management solution helped it retain more guests (specifically detractors) and tied its NPS score to business metrics by taking its high 30-range score to a score in the 50s.

  • NPS increased 20 points after initial wave of CX efforts
  • Informed intelligence and case management helped retain detractors which were leaving at twice the rate of other customers
  • Supplemented team knowledge with InMoment market research and customer experience expertise

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Changing the Approach to Customer and Employee Experience

Aegon

Aegon was analyzing NPS scores periodically to gauge overall customer satisfaction, and this method was simply not enough to understand and meet the needs of customers across all channels.

  • Moved from low NPS score of -87 to +14 after detractor callbacks
  • 60% of detractor issues resolved
  • New innovative “CX Lab” created to train on customer intelligence

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Differentiating Business Using the Voice of Customer

To help Ohio Mutual stand out from the competition in the minds of its independent agent partners and its policyholders, the company worked with InMoment to implement a formal Voice of the Customer (VoC) program.

  • Decreased survey response time from weeks to days
  • Unified customer loyalty efforts across departments
  • Expanded surveys to policyholders and agency partners

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