Terry Golesworthy

Terry Golesworthy

The Customer Respect Group
As the president of The Customer Respect Group for 7 years, I focus on the online experience of consumers. Online experience has always been bigger than the company website, from the response to email to integration to other offline channels. It has now grown to include social media.
  • 0 comments 540 reads
    Posted on 2012-01-21

    Agents acting in the role of a trusted expert write the majority of insurance today. For the consumer, this requires an enormous delegation of trust, possible because the agent is not an

    anonymous face of an insurance company but someone they know. Agents are people in the community and may have sold to, and trusted by, family members, friends and neighbors. This business model is now under threat, with consumers less connected to their communities and many not living in the same town as their families. The biggest threat, however, is the Internet, which has fundamentally changed the way people prefer to buy, and this applies to most products but the trend is now reaching insurance.

    There are examples aplenty of companies that failed to adapt. Blockbuster failed to recognize that busy people forgetting to return videos was not a high-profit-margin piece of business but an opportunity for Netflix. Borders relied on consumers wanting to browse books and leaf through...

  • 0 comments 330 reads
    Posted on 2012-01-11

    One reason for insurers to build a Facebook page is to be where the consumer is – this is the same argument used to build web sites ten year ago, invest in search engine optimization and not too dissimilar to the rationale for having a local agent in every main street in America.

    But just having a Facebook page feels a little like having that first web site, it was there but did not do very much; we were just planting our flag in the ground. Now we have placed our Facebook flag what is the next.

    Many companies are building what is essentially a parallel web presence inside Facebook arguing that consumers on Facebook want to stay there and not dispatched to an external website. Facebook is building its own proprietary web, much in the same way AOL tried to do.

    Retailers, such as Amazon, have integrated Facebook with their website allowing consumers to buy recommended purchases for friends based on Facebook preferences. Delta lets you book an air ticket and...

  • 5 comments 1,704 reads
    Posted on 2012-01-04

    Two trends stand out – first, agents will undoubtedly use social media more to reach consumers and second, industry executives will demand more measurement, metrics and proof of success. The biggest trend however might be a move to end social media as a discipline. Social media is a communication tool not unlike e-mail or even the mobile phone – the rationale for using any tool is to bring value to the core business of the organization.

    Marketing departments in carriers now see social media is a key channel to reach consumers. Facebook is big – they get it! Is it now wise to leave this channel in the hands of a small, unconnected team to run separate programs and campaigns blissfully unaware of company strategy? All those internal presentation about social media worked, thank you and goodbye.

    What intrigues marketers is social media is not a traditional channel; it adds a new dimension to campaigns – interactivity. Campaigns can reach out and engage with consumers,...

  • 0 comments 531 reads
    Posted on 2011-12-20

    In a recent interview, Coca-Cola CEO Muhtar Kent recently told the Harvard Business Review that social media marketing now accounts for about 20 percent of the company’s overall budget. Five years ago, social media accounted for just 3 percent, but the appeal of improving prospect and customer engagement was too great for the organization to ignore. He went on to say social media marketing would be an integral element of the company’s strategy in the next decade.

    Twenty Percent of Coke's marketing budget of $2.9 billion is spent on social media


    Alarm bells will have rung...

  • 0 comments 600 reads
    Posted on 2011-12-12

    Possibly the last thing we all need is another social network to manage; So, the first question is – can we ignore Google Plus, at least for now? Well, in the very

    Is Google Plus all about search results?

    short time Google Plus has allowed brand pages, 46 insurers and thousands of agencies have already opened accounts and attracting audiences. Allstate, Flo (Progressive), Aflac and AGLA have all come out swinging. Does that mean they see something exciting about the new social network?

    In general, no, the reason is in the name. Google Plus is “an extension of...

  • 0 comments 494 reads
    Posted on 2011-11-30

    There is a distinct trend towards identifying and supporting top tasks on websites.  Consumers go online to get things done and the reward for making those tasks easier to complete are well documented. Certainly there are sites with multiple types of visitors who have separate top tasks but that is no reason to throw in the towel.

    Most products and services are not “must have” and even then you face competition. Consumers prefer to self-conduct research online and poor websites can cause procrastination and even abandonment.

    LIMRA, an organization dedicated to Life Insurance research recently reported that shoppers who use only the Internet and never meet with anyone...

  • 0 comments 374 reads
    Posted on 2011-11-28

    How do you know your visitors can complete their most important tasks successfully and efficiently? The answer is simple: observe them and use a stopwatch. In other words, get hard data on how people are progressing their tasks on your website, where the problems are that slow them down and push them off course. Don’t ask them, don’t rely on analytics, but observe.

    Author and web expert Gerry McGovern recently highlighted an example of the folly of asking people about their online experiences.

    The lady had just finished trying to complete 15 tasks on the website. “What did you think of the website,” the organizer asked her. “It was great,” she replied effusively. “I really liked it. Lovely website. “12 out of 15 of the tasks the lady had tried to complete had been totally unsuccessful.

    In the real world, managers can often...

  • 0 comments 314 reads
    Posted on 2011-11-23
    Insurance as a Second Language

    Are your words hurting website usability

    Are consumers ready to buy insurance online? The jury is out on that. However, when it comes to consumers wanting to research insurance options online, there is no doubt. Studies indicate that the Web is the first stop for many consumers. While industry websites have improved considerably since we started benchmarking the industry nine years ago, customer expectations are ever more demanding. One big disconnect between the Web team and content providers are the actual words on the site. Content that is hard to...

  • 0 comments 642 reads
    Posted on 2011-11-12

    Social Media is a collection of inter-connected people networks – create interest at any point in the network and content can spread. People have become comfortable with sharing; Facebook and Twitter have made it very easy. As an illustration, The Wall Street Journal benefits from 2.5 million Facebook referrals every month – people regard sharing as helpful.
    While insurers are unlikely to benefit from broad distribution, each new person reached comes with the added benefit of receiving information from a trusted friend, an implicit referral.
    Content sharing as an objective imposes new rules for insurers. White papers and other lengthy tomes are out; short, sharp, “snack-size” pieces are in. Writers need to get to...

  • 4 comments 1,028 reads
    Posted on 2011-10-24

    Recently I have spoken at a number of insurance conferences and with industry executives about social media and the most common question I get is: “What can we do with social media?” Executives admit that it could be big but are struggling to work out what problem it solves, if any. As a result, the action plan is to host a company Facebook page, approve a minimal staff budget and secretly hope that it all blows over.

    Social media might prove to be a fad but if so, it would be a loss for the industry. Social media can address the fundamental problem of trust – of lack thereof. Consumers are now inclined to seek advice from family, friends and even complete strangers rather than insurance companies and that is due in part to a lack of trust.

    According to a recent study commissioned by Pitney Bowes Business Insight and conducted by the ESCP Europe Business School, only 48 percent of consumers in the U.S. and the UK trust their insurance provider. One interesting...