CX Hot Topics Research

CX Viewpoints: Insurance — A Survey of Retail Customers of Insurance Products


CX Viewpoints: Insurance report

In this report, CX Viewpoints: Insurance — A Survey of Retail Customers of Insurance Products, the experiences of insurance product customers, primarily Home, Auto, Life, and Disability, are explored from a variety of vantage points. Drivers of both loyalty and churn are explored, and a number of questions seek to benchmark the experiences of insurance industry customers against those of other verticals.“Increasingly, it’s the experience that makes or breaks customer loyalty. But less than half of surveyed consumers were very satisfied with their most recent interaction with an insurance company, and 43% say customer service from insurers had become worse in recent years.”

— Genesys

This report was developed and produced in partnership with Genesys.

Key Insights:

  • 37% of survey respondents named “Excellent Customer Care” as the biggest factor in earning their loyalty, while another 18% indicated “Trust.”
  • 10% of survey respondents indicated they have shopped for a new insurer because of a bad previous experience.
  • 20% used multiple channels to resolve their most recent issue with their insurer.