automotive insurance case study - v12 data...the insurance company continues to use the marketing...

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www.v12data.com // (800) 523-7346 // [email protected] CHALLENGE A naonally recognized automove insurance provider was looking to increase their long-term subscriber base. While the company achieved great success in terms of acquision and branding through naonal television ads and corporate event sponsorships, their overall customer turnover rate was on the rise. RESULT SOLUTION The insurance company chose V12 Data to implement customer acquision and retenon soluons. V12 Data used a clones applicaon to analyze exisng customers that have been with the insurance company seven or more years. The applicaon examined characteriscs such as demographics, lifestyle, interests, and purchase paerns. Within minutes, the Clones applicaon idenfied look-a-like prospects that could be marketed to via email, display, and direct mail. The retenon rate of customers acquired through the Clones applicaon was 27% higher than customers acquired through tradional means The insurance company connues to use the markeng plaorm for acquision efforts targeng look-a-likes of their most valuable and loyal customers. AUTOMOTIVE INSURANCE CASE STUDY AUTOMOTIVE CASE STUDY

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Page 1: AUTOMOTIVE INSURANCE CASE STUDY - V12 Data...The insurance company continues to use the marketing platform for acquisition efforts targeting look-a-likes of their most valuable and

www.v12data.com // (800) 523-7346 // [email protected]

CHALLENGE

A nationally recognized automotive insurance provider was looking to increase their long-term subscriber base.

While the company achieved great success in terms of acquisition and branding through national television ads

and corporate event sponsorships, their overall customer turnover rate was on the rise.

RESULT

SOLUTION

The insurance company chose V12 Data to implement customer acquisition and retention solutions.

V12 Data used a clones application to analyze existing customers that have been with the insurance company

seven or more years. The application examined characteristics such as demographics, lifestyle, interests, and

purchase patterns. Within minutes, the Clones application identified look-a-like prospects that could be marketed

to via email, display, and direct mail.

� The retention rate of customers acquired through the Clones application was 27% higher than customers

acquired through traditional means

� The insurance company continues to use the marketing platform for acquisition efforts targeting look-a-likes

of their most valuable and loyal customers.

AUTOMOTIVE INSURANCE CASE STUDY

AUTOMOTIVE CASE STUDY