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Employee trends That matter To customer experience By Sean McDade, PeopleMetrics Want the slides? info.peoplemetrics.com/auda

Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

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Learn how the property and casualty research is stacking up in customer experience.

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Page 1: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

Employee trends

That matter To customer experience By Sean McDade, PeopleMetrics

Want the slides? info.peoplemetrics.com/auda

Page 2: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)
Page 3: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

Age of Manufacturing

Age of Distribution

Age of Information

Source: We Have Entered The Age of the Customer, Forrester

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Age of Manufacturing

Age of Distribution

Age of Information

Age of Disruption

Source: We Have Entered The Age of the Customer, Forrester

a new age We have entered

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88% of CEOs say getting closer to the customer is a top business priority

Source: 2010, IBM Report: “Capitalizing on Complexity: Insights from the Global Chief Customer Officer Study.”

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results Cx leads to business

Source: The Watermark Consulting 2013 Customer Experience ROI Study

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Getting Everyone is

better

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Listening to customers

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The insurance industry? Why is this important for

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Property and Casualty

(n=491)

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in the property and casualty industry Trust drives the customer experience

Page 17: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

This sector is clearly winning at trust

Page 18: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

But, not all providers are created equal

Page 19: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

The Employees are changing perspectives

Page 20: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

And employee interactions are key So I get it, cx is important

…So where do I start?

Page 21: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

With your culture.

Page 22: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

“Culture is what people do…

Page 23: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

…when no one is looking.”

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Findings from that study? What are some of the

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We uncovered 5 dimensions of a customer centric culture…

Page 28: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

We uncovered 5 dimensions of a customer centric culture…

And calculated a cx culture score

Page 29: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

75%

64%

58% 48% Cx Gotten

Worse

Cx Stayed Same

Marginal Improvement

Significant Improvement

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Engaged employees 71%

62% 54%

Engaged Employees

On-the-Fence Employees

Disengaged Employees

Page 31: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

We found 5 dimensions

Page 32: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

How we hire, reward, and manage

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How we hire, reward, and manage Rewards are driven by

customer success

Customer commitment is important in hiring

Page 34: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

How we hire, reward, and manage

How we make decisions

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How we hire, reward, and manage

How we make decisions Emphasize retention

over acquisition We use language that is easily understood

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How we hire, reward, and manage

How we make decisions

How we work together

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How we hire, reward, and manage

How we make decisions

How we work together Delivering exceptional internal

experiences is emphasized Leaders seek ideas and

suggestions from employees

Page 38: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

How we hire, reward, and manage

How we make decisions

How we work together

What we talk about

Page 39: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

How we hire, reward, and manage

How we make decisions

How we work together

What we talk about We make it a habit to

share external feedback We regularly tell

stories about customers

Page 40: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

How we hire, reward, and manage

How we make decisions

How we work together

What we talk about

What we expect

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How we hire, reward, and manage

How we make decisions

How we work together

What we talk about

What we expect The customer experience

shapes the way work happens Customer promises result

in solid actions

Page 42: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

How we hire, reward, and manage

How we make decisions

How we work together

What we talk about

What we expect

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How we • hire, reward, manage 57%

• make decisions 57%

• work together 59%

• talk about 65%

• expect 78%

What we

Performance differs across dimensions

Page 44: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

How we hire, reward, and manage

How we make decisions

How we work together

What we talk about

What we expect

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How we hire, reward, and manage

How we make decisions

How we work together

What we talk about

What we expect

Delivering exceptional internal experiences is emphasized

Leaders seek ideas and suggestions from employees

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24 pts 70% 46% Engaged Employees Disengaged Employees

How We Work Together Point difference indicates a differentiator.

Working Together Drives Employee Engagement and Fosters Trust

Page 47: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

How we hire, reward, and manage

How we make decisions

How we work together

What we talk about

What we expect

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How we hire, reward, and manage

How we make decisions

How we work together

What we talk about

What we expect

Rewards are driven by customer success

Customer commitment is important in hiring

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10 pts 62% 52% High Cx Performers Starting Outs

How We Hire, Reward, Manage Point difference indicates a differentiator.

One aspect differentiates

Page 50: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

CUSTOMER TRUST IS A DIRECT RESULT OF YOUR EMPLOYEE INTERACTIONS

THE BOTTOM LINE IS THAT

Page 51: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

How we • hire, reward, manage

• make decisions

• work together

• talk about

• expect

What we

Summing it all up

Overall Cx Culture Score

Employee Engagement

External Customer Experience

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Now I ask you…

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Is your

here? Customer

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Are you ? Sure

Page 55: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

Get a sense of where your Cx is – and advice on how

to improve

Join the Movement

Ask me about a

complimentary Cx Consultation with instant Cx IQ score

Page 56: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

Thank you! Sean McDade, CEO [email protected] @PeopleMetrics www.peoplemetrics.com

Want the slides? info.peoplemetrics.com/auda

Page 57: Property and Casualty Insurance Customer Experience (by @peoplemetrics @smcdade)

Questions?