bringing order to chaos - cgu insurance at niba 2013

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Bringing Order to Chaos Bringing Order to Chaos CGU Ins rance CGU Insurance October 2013

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How do businesses adapt and bring order to chaos in this emerging world of digital and technology, and apply this to be successful into the future? CGU Insurance completed a dynamic presentation on this topic at the 2013 NIBA Conference for Insurance in Melbourne in October 2013

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Page 1: Bringing Order to Chaos - CGU Insurance at NIBA 2013

Bringing Order to ChaosBringing Order to Chaos

CGU Ins ranceCGU Insurance

October 2013

Page 2: Bringing Order to Chaos - CGU Insurance at NIBA 2013

Di it lDigitalDarwinism

Reference: Brian Solis

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It i t th t t th t iIt is not the strongest that survive, nor the most intelligentnor the most intelligent,

but the one most responsive to…..

change

- Charles Darwin

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Innovation

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Google Glass

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Samsung Galaxy Gear

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Bitcoin

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Big Data

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Big Data is the frontier of a firm’sBig Data is the frontier of a firm s

ability to store, process and access         y , pall of the data it needs to 

operate,  make decisions, d k dreduce risks, and serve customers

‐ Forrester

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Social Insights

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Social Insights

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Personalisation

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One Size Does Not Fit All

21

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Amazon

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Spotify

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Communities

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A virtual community is a social network of individuals who

di it linteract through digital media, irrespective of geographyirrespective of geography,

in order to pursuein order to pursue mutual interests or goals.

Wiki di- Wikipedia

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Red Bull

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Red Bull

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Red Bull

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Huggies

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American Express

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Telstra

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Social

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Social Networks

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Social Networks

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Social Networks

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Social Business

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Social Trends

1 Branded entertainment overtaking traditional disruptive marketing

2 Social search is displacing Google’s traditional search2 Social search is displacing Google s traditional search

3 Gamification & videos driving customer loyalty

4 Social commerce becoming a real sales channel

5 Building relationships to crowdsource ideas & develop new products5 Building relationships to crowdsource ideas & develop new products

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Mobile

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Mobile toMobile toeclipse Desktop p p

by 2014

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1 in every $101 in every $10 spent online is nowspent online is now

m-Commerce

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Sephora

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Starbucks

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Nike

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Bringing Order to Chaos

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Lines are Blurring between Online & Offline

Source: Goolgle

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Context Drives Choice

Source: Google

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Dynamic Customer Journey

Sales

Marketing

ServiceService

Source: Altimeter Group

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Customersac

e

e e

ace

to F

a

Phon

e

Prin

t

Emai

l

Web

Mob

ile

Soci

al

Cha

t

Fa

Multi Channel

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Customers

Seamless Experience

eto

Fac

e

hone

Prin

t

mai

l

Web obile

ocia

l

Cha

t

Face

Ph P E W Mo So C

Omni Channel

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Design Thinking

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Emerging Business Functions

OfferDesigners

Micro NeedMatchmakersDesigners Matchmakers

CommunityMaestros

CommercialOpportunityMaestros pp yDetectives

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Financial Services

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CGU Insurance

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Be Part of the Evolution…