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Zurich Finance
UKAEA
Zurich Finance
 

Name: Farmers Life Insurance Company, the USA division of Zurich Life.

 

Sector: Finance

 

Website: www.farmers.com

 

 

Critical Illness Insurance
 
 

Quote:

“Mike quickly learned the essentials of the industry, drilling down on the critical issues for Farmers, finding effective and efficient methodology for researching the problems and then developing sound recommendations which we plan to implement immediately”

Peter Raven

Professor of Marketing

 

 

Project Description:

 

Farmers operate in a sluggish economy with increasing competition and government regulation.

 

GreyMatter’s unique experience in delivering business advice on new product development from concept to launch made it ideally suited to give Farmers a new strategy and direction.

 

A three month plan was assembled which included:

  • Establish a vision and strategy with stakeholders.

  • Pre-market testing with focus groups and sales team

  • Training of agents and customer support staff.

  • Set K.P.I.s and Balance Scorecard measures to ensure objectives are achieved.

 

 

Project Results:

 

  • Full commitment of the sales team and customer support staff.

  • Highly competitive pricing strategy with appropriate risk assessment.

  • Product launch on time and within budget.

 

 

Project Skills:

 

  • Market research and customer needs analysis.

  • Identification of key issues and application of best practice solutions.

  • Evaluation of likely impact on resources, risk and profitability.