In an era in which everything from Christmas shopping to finding a date has been transformed by the Internet, it's easy to conclude that insurance selling by agents is on the way out, replaced by consumers' round-the-clock access to "free" Internet advice and transactional capabilities. But comprehensive consumer research demonstrates that much of the public values agent relationships and that agents have connected with a mere sliver of their potential markets.
This report provides a concise overview of industry trends shaping agent recruitment and retention, followed by survey findings on such issues as:
- Percentages of consumer markets-segmented by demographic niche and insurance product-that have been contacted by an agent during the past five years
- How consumers prefer to communicate with their insurance agent
- Preferred insurance marketing channels
- Perceived advantages of buying insurance from agents/brokers
- Consumer attitudes towards agents and the insurance purchasing experience
Key Topics Covered:
- Scope and Themes
- What you need to know
- Scope of this report
- Data sources
- Consumer survey data—methodology
- Abbreviations and terms
- Terms
- Executive Summary
- Image management opportunities
- Marketing niche opportunities
- Electronic opportunities
- Sales management opportunities
- An overview of the agent distribution channel
- Frequency of agent contacts with consumers
- Consumer preferences for company/agent communications
- Purchase of insurance products
- Descriptions of agents/brokers
- Advantages of buying via agents/brokers
- Consumer perceptions of agents and purchasing experience
- An Overview of the Agent Distribution Channel
- Key points
- Dimensions of the agency force
- Agent compensation
- Challenges in recruiting agents
- Generational differences among agents
- Current advertising themes
- Advertising expenditures by category
- Companies Mentioned
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