November 18, 2024 |
Banking & insurance
, Growth consulting
, Market Research
Insuring confidence across borders
How Netscribes empowered a global health insurance provider to connect with expatriates worldwide.
Breaking through the noise
The expat health insurance industry is as complicated as it is competitive. With customers dispersed geographically and individual needs to be met, standing out from the crowd is no easy feat. For one international health insurance company, the challenge was evident. Low brand recognition, poor strategies, and increasing customer churn were stunting their growth. In order to reinvent their narrative, the client required a means of comprehending the marketplace on a deeper level.
Uncovering clarity within complexity
To help the client overcome this hurdle, Netscribes created a tailored, high impact solution—drawing upon our dedicated growth consulting solutions in order to gather insights and redefine strategies for achievement. We started with competitive benchmarking, delving deep into the client’s industry landscape. By examining competitors’ brand metrics and market positioning, we uncovered the strategies of top performing players’ and discovered untapped areas for differentiation. This provided the client with a clear understanding of where they were and where they could thrive. Second, we focused on customer segmentation, determining key expat segments with specific needs, priorities, and preferences. Such detailed knowledge allowed the client to create highly tailored offerings and customized engagement plans that appealed to their audience on a deeper level. To fill in the gaps, we also carried out brand performance monitoring. These results illuminated how their message was received, where it resonated, and where adjustments were necessary.
Reimagining the brand journey
Through Netscribes’ solutions, the client transformed the way they approached the expat health insurance segment. They created precision-targeted communications that addressed the subtleties of expatriate needs directly, developing messaging that was not just compelling but most importantly, deeply resonant. Guided by a sharper insight into their audience, they introduced innovative products that solved previously unmet needs, solidifying their place in a competitive marketplace. This change extended well beyond operational changes. The client rebranded themselves, positioning themselves as a brand that equated to trust, empathy, and reliability. By creating genuine relationships with their customers, they moved beyond transactional relationships and created lasting loyalty. The change placed them as a value and leadership beacon in the expat health insurance industry, poised to face future challenges with confidence.
Redefining the future of expat health insurance
For the international health insurance company, our partnership sparked a bold reimagination of their role in the industry. . With greater understanding and creative solutions, they reshaped their relationship with customers. This created new benchmarks for salience, and forged a vision of expansion that is driven by trust. At Netscribes, we see each challenge as an opportunity for growth. Our customized market research solutions empower companies with insights that catalyze transformation. Discover how we can support your organization to navigate change and realize sustained success. Read the complete case study to learn more.
Netscribes is a global leader in data, insights, and digital solutions, driving growth for the world’s largest organizations. As your growth catalyst, we empower sales, marketing, product development, and innovation, acting as a partner who understands your ecosystem and guides you through the implementation journey.