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Social Media & Financial Services
                      Sidneyeve Matrix
Context




67% banking or bill payments
         online Canadians make
         financial e-transactions
 electronic
Context

 in the US




71% $75K+ online financial transactions
44% <$30K eBanking or bill payments
Context

     Your clients are looking for you,
   your products, and services online.

% of life insurance clients who used each channel

   39% 38% 24% 16%
   online in-person mail             phone




                                           Source: Forrester
Context

Insurance clients would like their provider to
       communicate with them via

email 70%
SMS/texting 21%
     smartphone app17%
            Tweets and Facebooking 11%


                                source: YouGov survey 2011
Context




2010 survey American Insurance
   Marketing & Sales Society

60%      insurance pros
         use SNS for business
Context


 year-over-year...no change
 Insurance-Canada.ca and
    IVANS 2011 study

60%    insurance pros
       use SNS for business
9out of10
                               Context
              insurance pros
              using Facebook
               but not for business




      Mintel Comperemedia 2010 survey
New mobilities: apps that add value




Instead of developing an app from scratch, consider offering an
underpaid indie app developer an exclusive sponsorship...
or inquire about a white label app. Here are four examples of app
types that would add value for consumers...
shopping list
budget app
password management
tips!
This	
  research	
  was	
  sponsored	
  
                                   by	
  Empire	
  Life	
  and	
  presented	
  
                                   at	
  LIMRA's	
  annual	
  general	
  
                                   meeting	
  in	
  2011.



Thank	
  you	
  to	
  Alexandra	
  Patricia	
  Vivien	
  Macgregor	
  for	
  
research	
  assistance.
Contents	
  of	
  this	
  presentation	
  including	
  images	
  have	
  
Creative	
  Commons	
  Attribution-­‐Noncommercial-­‐Share	
  
Alike	
  3.0	
  Licenses.


About	
  the	
  author
Sidneyeve	
  Matrix	
  teaches	
  
media	
  and	
  marketing,	
  
culture	
  &	
  communications,	
  
at	
  Queen's	
  University.
sidneyevematrix.com
twitter.com/sidneyeve

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Social Media & Financial Apps: 4 Ways to Add Value Online

  • 1. Social Media & Financial Services Sidneyeve Matrix
  • 2. Context 67% banking or bill payments online Canadians make financial e-transactions electronic
  • 3. Context in the US 71% $75K+ online financial transactions 44% <$30K eBanking or bill payments
  • 4. Context Your clients are looking for you, your products, and services online. % of life insurance clients who used each channel 39% 38% 24% 16% online in-person mail phone Source: Forrester
  • 5. Context Insurance clients would like their provider to communicate with them via email 70% SMS/texting 21% smartphone app17% Tweets and Facebooking 11% source: YouGov survey 2011
  • 6. Context 2010 survey American Insurance Marketing & Sales Society 60% insurance pros use SNS for business
  • 7. Context year-over-year...no change Insurance-Canada.ca and IVANS 2011 study 60% insurance pros use SNS for business
  • 8. 9out of10 Context insurance pros using Facebook but not for business Mintel Comperemedia 2010 survey
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  • 42. New mobilities: apps that add value Instead of developing an app from scratch, consider offering an underpaid indie app developer an exclusive sponsorship... or inquire about a white label app. Here are four examples of app types that would add value for consumers...
  • 46. tips!
  • 47. This  research  was  sponsored   by  Empire  Life  and  presented   at  LIMRA's  annual  general   meeting  in  2011. Thank  you  to  Alexandra  Patricia  Vivien  Macgregor  for   research  assistance. Contents  of  this  presentation  including  images  have   Creative  Commons  Attribution-­‐Noncommercial-­‐Share   Alike  3.0  Licenses. About  the  author Sidneyeve  Matrix  teaches   media  and  marketing,   culture  &  communications,   at  Queen's  University. sidneyevematrix.com twitter.com/sidneyeve