Reimagining the insurance sector
Marketing Financial Services
This article is part of a series of articles on marketing financial services. Read more.
Insurance brands suffer from poor differentiation and high price sensitivity. Consumers need to be engaged, using behavioural data to offer value exchange, as Manulife did when it identified a need for rewarding healthier living.
Navigating the ever-changing demands and habits of connected consumers has proved challenging for traditional industries. This is especially true for the world of insurance where Big Data has revolutionised how products are constructed, personalised and...