Download as PDF, PPTX
![Insurance Score—clarifying a key concept across
multiple channels (After)
Call Center
Web
Printed Communications
“Allstate uses a number of factors to How do we determine your rates?
How we determine your premium
calculate insurance rates. The factors, To determine your premium we would In [State, Company] uses a secure computer program to pull information from
taken together, allow us to apply consider such factors as:
your credit history and produce an insurance score. Your insurance score is just
one component used in determining your auto tier. As the diagram show, Allstate
rates based on the likelihood that a • What type of car you drive: How old
considers your auto tier along with other information, such as [driving record/
loss may occur—similar to the way a is it? What safety features does it location of home/etc] to determine your premium group.
health questionnaire helps a life have?
insurance company predict losses and • Who drives the car: What is the age,
set rates. Over the years, we have driving record and gender of each
learned that certain credit driver?
information allows us to predict the • How you use the car: How far do you
likelihood of loss with great accuracy. drive? Do you use the car to commute
It is this group of loss-related factors or for pleasure? Where do you keep
that we consider from a credit report, (garage) your car?
Some of the items we consider in a typical customer’s credit history include the
not the credit score, nor a person’s We also consider your insurance score, number of credit accounts and the length of time you’ve maintained your credit
credit-worthiness.”
a calculation based on elements from accounts. We also consider your payment history and how often lenders have
your credit history. Over the years we’ve made inquiries into your credit report other than to make promotional offers.
found that including insurance scores These specific aspects of an individual’s credit history have been shown
helps us better predict the likelihood of by research and experience to indicate the likelihood of experiencing an
experiencing an insurance loss. This insurance loss.
helps us match our rates to the risk
we’re assuming.
All rights reserved 2012.](https://image.slidesharecdn.com/2012-hp-exstream-ietzkorn-bt-lg-120919140955-phpapp02/85/Best-Practices-in-Improving-Customer-Experience-by-Focusing-on-Overlooked-Touchpoints-18-320.jpg)
Uploaded bySiegel+Gale
Best Practices in Improving Customer Experience by Focusing on Overlooked Touchpoints
The document discusses the importance of simplifying customer experiences by addressing overlooked touchpoints and enhancing clarity in communication. It highlights how complexity in processes and legal language hinders customer understanding and suggests that simplification can serve as a competitive advantage. Examples of successful simplification strategies from various companies are provided, emphasizing the need for clear, straightforward communication in business practices.
More Related Content
Similar to Best Practices in Improving Customer Experience by Focusing on Overlooked Touchpoints
Best Practices in Improving Customer Experience by Focusing on Overlooked Touchpoints
- 1. Improving Customer Experienceby Focusing on Overlooked Touchpoints Irene Etzkorn, Executive Director, Simplification / September 12, 2012 All rights reserved 2012.
- 2. Why are thingsso complicated? • Companies speak to themselves • Mergers and acquisitions create duplication • The mystique of Systems and Legal • Adherence to old processes; slow conversion to new technology • Lack of expertise in plain language writing, information design and information architecture All rights reserved 2012.
- 3. The stranglehold oflegalese Using the word “not” three times and “included” twice in one sentence creates a brain twister. All rights reserved 2012.
- 4. Industries talking tothemselves All rights reserved 2012.
- 5. Simple stuff sells All rights reserved 2012.
- 6. ING Direct All rights reserved 2012.
- 7. “The busier lifegets, the more value there is in simplicity as a point of competitive differentiation.” “It’s good for American society, not just good business sense. Simplicity and clarity make us more productive.” Arkadi Kuhlmann Chairman, President and CEO of ING Direct USA All rights reserved 2012.
- 8. “Philips is touchingthe core of people through simplicity.” Andrea Ragnetti, former Corporate Marketing Officer, Philips All rights reserved 2012.
- 9. It’s the blendof art and science that simplicity requires which touches people viscerally. All rights reserved 2012.
- 10. Unheralded touchpoints Bills Disclosure Applications Policies Proposals Correspon- dence Interfaces Statements Deeply Branded Customer Experience All rights reserved 2012.
- 11. The elements ofsimplification Brand Information strategy architecture Plain Simplified Information language Experiences design Technology Customization All rights reserved 2012.
- 12. Pioneers in simplifiedcustomer experience 1975 Citibank Chubb IBM Discover AT&T Cleveland Clinic IRS 2012 Edward Jones Sony PSP Genworth Centers for Medicare Quest American Express United and Medicaid Services MileagePlus All rights reserved 2012.
- 13. Siegel+Gale’s SimplicityLab™ A proprietaryevaluation methodology and index for measuring the effectiveness of brand strategy and design based on our core philosophy of simplicity. All rights reserved 2012.
- 14. Allstate simplification blueprint All rights reserved 2012.
- 15. Previous policyholder documents All rights reserved 2012.
- 16. Redesigned policyholder documents All rights reserved 2012.
- 17. Insurance Score—inconsistent explanation acrossmultiple channels (Before) Call Center Web Printed Communications “In evaluating insurance policies, “Our model does not consider “In fact, certain credit report our method of considering all of information such as income or information has proved an effective these factors together, as a whole, net worth because we are not predictor of insurance losses. It also ensures that no single negative assessing our customers’ credit- allows insurance companies to keep item will necessarily prevent a worthiness.” costs competitive by making it customer from qualifying for a possible for customers who are less lower premium.” likely to experience losses to pay less for their insurance.” All rights reserved 2012.
- 18. Insurance Score—clarifying akey concept across multiple channels (After) Call Center Web Printed Communications “Allstate uses a number of factors to How do we determine your rates? How we determine your premium calculate insurance rates. The factors, To determine your premium we would In [State, Company] uses a secure computer program to pull information from taken together, allow us to apply consider such factors as: your credit history and produce an insurance score. Your insurance score is just one component used in determining your auto tier. As the diagram show, Allstate rates based on the likelihood that a • What type of car you drive: How old considers your auto tier along with other information, such as [driving record/ loss may occur—similar to the way a is it? What safety features does it location of home/etc] to determine your premium group. health questionnaire helps a life have? insurance company predict losses and • Who drives the car: What is the age, set rates. Over the years, we have driving record and gender of each learned that certain credit driver? information allows us to predict the • How you use the car: How far do you likelihood of loss with great accuracy. drive? Do you use the car to commute It is this group of loss-related factors or for pleasure? Where do you keep that we consider from a credit report, (garage) your car? Some of the items we consider in a typical customer’s credit history include the not the credit score, nor a person’s We also consider your insurance score, number of credit accounts and the length of time you’ve maintained your credit credit-worthiness.” a calculation based on elements from accounts. We also consider your payment history and how often lenders have your credit history. Over the years we’ve made inquiries into your credit report other than to make promotional offers. found that including insurance scores These specific aspects of an individual’s credit history have been shown helps us better predict the likelihood of by research and experience to indicate the likelihood of experiencing an experiencing an insurance loss. This insurance loss. helps us match our rates to the risk we’re assuming. All rights reserved 2012.
- 19. Documents that educateand inform, rather than merely report data All rights reserved 2012.
- 20. Trend Governmental influence SEC rulingson simplified prospectuses and disclosure of fees All rights reserved 2012.
- 21.
- 22. Heatmap indicating areas ofconfusion: CP2000 No confusion High confusion Source: Siegel+Gale SimplicityLab
- 23. Confusing 42-step, 10-pagenotice 37 34 35 4 8 31 33 11 5 Start 1 3 7 36 18 38 40 20 22 26 30 42 24 28 2 9 10 23 32 27 6 12 15 14 16 25 13 17 29 19 39 21 41 All rights reserved 2012.
- 24. All rights reserved2012.
- 25. Results: Respondents aremore likely to pay 31% 37% Original Source: Siegel+Gale SimplicityLab Revised Difference is statistically significant at the 95% level of confidence All rights reserved 2012.
- 26. What does simplemean? + simple is clear. + simple is fresh. + simple is honest. + simple is useful. + simple is inspiring. + simple is smart. All rights reserved 2012.