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21July 2011 Private & Confidential | Copyright 2011 @ 121advisor INSURANCE 2.0 Ideas in Action Insurance 2.0 : Connecting Consumers in Social Web By Don Tan, Senior VP Business Consultancy

Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

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Through references and case studies to various Insurance 2.0 ideas in action globally, Don Tan shared several ways of Insurers connecting consumers in the Social Web.This presentation was presented in the Insurance 2.0 Seminar organized by 121advisor and Webassurance.org on 21st July 2011 at Tropicana Golf Resort, Malaysia.

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Page 1: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

21July 2011

INSURANCE 2.0Ideas in Action

Insurance 2.0 : Connecting Consumers in Social Web

By Don Tan, Senior VPBusiness Consultancy

Page 2: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Insurance 2.0 : Ideas in Action

21July 2011Page 2

Social Media Marketing

Mascot Marketing

Online Video Marketing

Social Media Applications

Campaigning with Microsites

Edutainment & Video Blog

Blogs & Forums & Chats

Page 3: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Insurance 2.0Online Insurance is getting more…

21July 2011Page 3

Personalized

Relate to Individual (e.g. Needs & Statuses)Personal

Social Networked with Social Media

Community & Friends, Referral & RecommendationSocial

Indirect Marketing & Selling More Educating yet Entertaining More Attractive, Trendy & Fun

Edutaining

Page 4: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Social Media Marketing : FacebookThe Power of Social Network

21July 2011Page 4

YOU

LikeShare

CommentLink

100x Friends

LikeShare

CommentLink

10%

1,000x Friends

LikeShare

CommentLink

10%

Page 5: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Social Media Marketing : FacebookUse of Facebook Fan Page “LIKE”

21July 2011Page 5

Friend’s refer Friends (indirectly) !

Page 6: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Social Media Marketing : FacebookYour Fans are Following : “LIKE”, “COMMENT” & “SHARE”

21July 2011Page 6

Recommendations

Interactions

“Free Marketing” message!

3 millions listeners!

Page 7: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Social Media Campaign : FacebookRunning a Campaign to Build Your Base

21July 2011Page 7

RealityShow

Web Contest

Page 8: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Social Media Campaign : FacebookRunning a Facebook Contest : Building Your Base

21July 2011Page 8

Simple PHOTO

Tagging !

Do it on Facebook

Page !

Watch Ikea Case Study Video atwww.youtube.com/watch?v=s5SuIgloanE

Page 9: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Mascot MarketingCompare the Meerkat : Fun & Indirect !

21July 2011Page 9

Page 10: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor 21July 2011Page 10

Marketing & Branding with MascotGeico with Gecko & Aflac with Duck

Page 11: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Video MarketingFun Video Channel

21July 2011Page 11

Page 12: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Marketing with Online VideoDirect Commercial via YouTube : Easy to Share / Link !

21July 2011Page 12

3 millions viewers

15 millions viewers

3 millions viewers

Watch Compare the Meerkat Video atwww.youtube.com/watch?v=7YZ710CJ0hM

Page 13: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Social Media ApplicationsOnline Surveys / Quiz : Romance-o-Meter

21July 2011Page 13

Page 14: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Social Media ApplicationsRomance-o-Meter : Fun, Indirect, Viral…

21July 2011Page 14

Page 15: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Marketing & Prospecting with MicrositeFlexible, Focus, Fun : Insure Your Love (Webby Award Finalist)

21July 2011Page 15

Page 16: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Marketing & Prospecting with MicrositeQualifying Suspects to Prospects at the point of Entry!

21July 2011Page 16

Page 17: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Profile-based MarketingOnline Campaign with Targeted Profile Micrcosite

21July 2011Page 17

Watch AXA Insurance’s Case Study atwww.youtube.com/watch?v=JZi8fPixDi4

Page 18: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Prospecting by EdutainingEdutaining & Infotaining Flash Media on Health Care

21July 2011Page 18

Webby Awards 2010 & 2011Insurance category Finalist

Page 19: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Marketing & Prospecting with Video BlogUse of Video Blog for Insurance : Edutaining !

21July 2011Page 19

Watch How Health Insurance Works atwww.youtube.com/watch?v=17bwRpCLshk

Page 20: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Marketing & Prospecting via GamesEntertaining & Educating!

21July 2011Page 20

Page 21: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Prospecting & Services via Blog & ForumCommunity Forums & Blogs

21July 2011Page 21

Page 22: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Selling with Customer’s TestimonialsBlogs & Testimonials with Real Customers : AFLAC

21July 2011Page 22

Page 23: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Online Sales with Online ChatConverse and Convert to Sales through Online Agent

21July 2011Page 23

Page 24: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

It’s not about the Technology…

… but the Idea & Strategy !

21July 2011Page 24

Page 25: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

More Ideas? Follow Webassurance.org!www.Webassurance.org or Facebook.com/Webassurance.org

21July 2011Page 25

Page 26: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

121advisor for Insurance 2.0Solution & Services

Solution & Services

Insurance 2.0StrategyConsultancy

Insurance 2.0 Solution

& Campaign

Design & Development Solution Implementation Outsourcing & Managed Services Campaign Execution

Web Business Strategy IT Strategy Planning Requirement Elicitation Business Process Innovation

21 July 2011Page 26

Webassurance Channel Implementation

Page 27: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

Webassurancefor Life & General

Se

rvic

es

Channel Management

SolutionS.a.a.SS

olu

tio

ns

Social MediaManagement

Web Application Hosting &

Management

Webassurance Strategy

Consultancy

Cyberagency Strategy

Consultancy

Artwork – Blog – Content – Design – E-Learning – Games

Application Processing – Chat Agents – Site Mgmt

121advisor : Complete Solution & ServicesInsurance & Takaful 2.0 Enablement

21 July 2011Page 27

Web 2.0Portal

Management

Social Media Outsourcing

Setup – Monitor – Report – Engage - Manage

Page 28: Insurance 2.0 : Connecting Consumers in Social Web - Ideas in Action

Private & Confidential | Copyright 2011 @ 121advisor

THANK YOUWeb : www.121advisor.com | Email : [email protected] Tel: +60-3-7498-5212 | Fax: +60-3-7955-6363Follow Us : Facebook | Twitter | LinkedIn | YouTube | Webassurance.org BlogAddress : Suite 1208, Level 12 Amcorp Tower, Amcorp Trade Centre, No. 18, Persiaran Barat, 46050 Petaling Jaya, Selangor

21July 2011