Remove Insurance Remove Net Promoter Score Remove Return on Investment Remove Sales
article thumbnail

Philadelphia Insurance Realizes VoC Return on Investment

Confirmit

Philadelphia Insurance realized that long-term success in this new market required a fresh strategy – and a differentiator to set them apart from competitors. Philadelphia Insurance then changed the location of the button, increasing its chats by 10 percent and directly reducing call volume. Customer retention now exceeds 90%.

article thumbnail

5 Facts to End the ROI Debate on Customer Experience

Beyond Philosophy

For many years, there has been a debate whether you could assign a dollar amount to determine the return on investment for any Customer Experience improvements. JD Power and Associates reported that the annual premiums paid by customers that switch insurance providers amount to $7.6 www.bautomation.com. 26 August 2014. <

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is Customer Experience Worth It? And Much How Should You Invest?

Experience Investigators by 360Connext

C-level leaders want to know if customer experience (CX) is worth the investment. Customer-focused employees across marketing, sales, HR, and other departments want to know if new CX initiatives are worth pushing for. Two thoughts come to mind: Customer experience can be tied to three areas of specific, tangible returns on investment.

article thumbnail

CX Club – Round 7 – Leadership (part 1) – Motivations, Business Case & Trusted Adviser

Ian Williams

You’re looking at shortening the sales cycle. ” or “sales, how satisfied are people with sales?” Now if you look at customer experience as an alternative business model, then you can start to look at the commercial value you can drive. You’re looking at retention. Christopher: Yeah.

article thumbnail

7 Key C-Suite Roles in a Truly Customer-Centric Executive Team?

SmartKarrot

The CCO also ensures goals are achieved as per Net Promoter Score, Customer satisfaction, and Customer Effort Score. The CEO dons many hats in the company across departments – sales, marketing, product, and customer success. Government, banking, and insurance are the sectors with CDOs. contact-form-7].

article thumbnail

7 Key C-Suite Roles in a Truly Customer-Centric Executive Team?

SmartKarrot

The CCO also ensures goals are achieved as per Net Promoter Score, Customer satisfaction, and Customer Effort Score. The CEO dons many hats in the company across departments – sales, marketing, product, and customer success. Government, banking, and insurance are the sectors with CDOs. contact-form-7].