|
LEADING INSURERS STRENGTHEN COMPETITIVE POSITION BY
MEASURING CUSTOMER SATISFACTION
Atlanta, January 29, 2004
– Because customer contact is generally infrequent in the life insurance
industry, each customer service opportunity becomes critical to the business
relationship. With few opportunities for an insurer to recover from bad
experiences, negative comments from customers to other people are likely to
echo longer than for other types of high-contact businesses. In insurance
more than other industries, poor service can lead to loss of existing
customers and make attracting new customers much more difficult.
Leading insurers, including Mutual of Omaha,
MetLife and AEGON Direct Marketing Services, found that customer
satisfaction surveys are the best tool for helping them mitigate problems
inherent in infrequent customer contact. Companies like these, which focus
strategically on customer service, can strengthen their competitive position
by measuring the service policyholders are receiving and determining courses
of action based on survey results.
LOMA’s FOCUS surveys are one tool that can
be used to effectively conduct these service measurements, helping companies
improve their ability to provide excellent customer experiences and to
increase customer retention and satisfaction.
"We used our survey results to measure
our customers’ satisfaction levels. We baselined our current level,
identified areas for improvement, and set goals to increase customer
satisfaction going forward," said Patricia Danielsen, lead customer
service training consultant at Mutual of Omaha. "Senior management, led
by Senior Vice President of Customer Service, John Wells, then asked us to
use the results to measure against ourselves on an ongoing basis as we
continue to improve satisfaction and build customer loyalty. We learned that
overall customer satisfaction and loyalty levels are high and that Mutual of
Omaha is exceeding the expectations of its policyholders."
The use of FOCUS for customer service success
by Mutual of Omaha and others will be featured in the February 2004 issue of
Resource Magazine, LOMA’s monthly publication for life insurance
company management. Additionally, Danielsen will discuss strategies for
measuring customer satisfaction at LOMA’s Customer Service Conference on
March 1-3, 2004 in New Orleans. To read the article or learn more about the
conference, visit www.loma.org or call
770-984-6446.
|