state farm insurance esp

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EAVESDROP DIPSTICK #017 State Farm Insurance ESP eavesdrop.silhouette.perspective ESP.ED017

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Page 1: State Farm Insurance ESP

EAVESDROP DIPSTICK #017State Farm Insurance

ESPeavesdrop.silhouette.perspective

ESP.

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Page 2: State Farm Insurance ESP

Eavesdropping on customer perception for State Farm Insurance

SAMPLE EAVESDROP REPORT

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To analyze performance of State Farm Insurance on dimensions like Brand Perception, Agent Perception, Customer Service Experience and Claims handling vis à vis competitors

Challenge

Conversations from Consumer Generated Media were analyzed using

• Natural Language processing techniques

• Domain knowledge encapsulating lexicons

• Analytical tools for classification of dimensions

Further analysis includes

• Key Drivers analysis: to identify pain points and drivers leading to customer

perceptions

• Competitive landscape analysis: to benchmark performance against competition

Solution

• Consistent problem areas across all brands are Agent Perception, Customer Service Experience and Claims handling

• Key drivers analysis revealed Good Discounts could probably be the reason for a comparatively positive perception of the policy

• Process improvement areas got highlighted by the analysis

Take Aways

All Companies > State Farm Insurance > Policy Perception

Good Discounts

Poor Coverage

Unreasonable Rejection

Selective Acceptance

Unpalatable Bundling

Bad Policy

Page 3: State Farm Insurance ESP

Extract themes from user generated content across customer touch points

Spark viral trends using web 2.0 concepts over the internet

Analyze drivers and patterns behind brand

perceptions

AT KALEIDOSCOPE, WE LEVERAGE SOCIAL MEDIA

DOMAIN UNDERSTANDING LEXICONS EARDRUM™ MASHUPS

Page number 6 of 12

Deliverable

eavesdrop report on named brands on a periodic basis

Deliverable

silhouette report on named brands on a periodic basis

Deliverable

Strategy Consulting to leverage web 2.0 for your brand

SILHOUETTEEAVESDROPTM

PERSPECTIVE

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Page 4: State Farm Insurance ESP

TM

Fractal is a leading provider of customer intelligence to consumer-oriented businesses. Fractal's solutions help companies across the globe drive

competitive advantage through a deeper understanding of their customer base, and using this understanding to drive intelligent interaction with

customers.

United States+1 201 633 8728

Rest of the Globe+65 6443 1926

www.fractalanalytics.com

India+91 22 6704 2444

kal.eidoscope.com

KaleidoscopeSOCIAL MEDIA ESP

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ESP