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Social Media, for Insurance Brokerages

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Social Media, for Insurance Brokerages

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This is a presentation I delivered on September 23, 2010 in Toronto...at the Fall Education Conference and Annual General Meeting event jointly hosted by Keal Technology and the Canadian Signassure/sigXP User (CSU) Group.

This is a presentation I delivered on September 23, 2010 in Toronto...at the Fall Education Conference and Annual General Meeting event jointly hosted by Keal Technology and the Canadian Signassure/sigXP User (CSU) Group.

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Social Media, for Insurance Brokerages

  1. 1. Social Media* (*For Insurance Brokers) September 23, 2010
  2. 2. 2 How do YOU feel about Social Media?
  3. 3. 3 Image Credit: Parker Brothers, a subsidiary of Hasbro
  4. 4. Who is This Guy, Anyway? 4 “Experienced” In Online Marketing…
  5. 5. #1 Canadians are highly-active participants in Social Media. 5
  6. 6. #2 = It’s not rocket science. 6
  7. 7. Maybe those Nike people were onto something… Image Credit: Nike #3 7
  8. 8. 8 Traditional Media?
  9. 9. What Is Social Media? Conversations Connections Community 9 …in an online environment.
  10. 10. What Is Social Media? 10
  11. 11. Social Media vs 11 Think telephone, not megaphone.
  12. 12. Q. Why Social Media? 12
  13. 13. Why Social Media? My answer is… Your customers are in the Social Media space now, and more of them will be there in the very near future. 13
  14. 14. The numbers don’t lie. 14
  15. 15. The Numbers • Almost 8 of 10 Canadians use Social Media at least 1X/month • This frequency ranks us among most-active SM users globally • Facebook is most popular social networking site for Canadians • Canada is actually: The world's most actively-engaged country for Social Media activity. 15 Source: Forrester Research and comScore
  16. 16. The Numbers Ranked in the Top 10 globally, Canada’s July 2010 Facebook membership level also represents a 55% penetration rate of overall Canadian “online” population: Ranking Country Facebook Members - July 2009 Facebook Members - July 2010 12-month growth % 1 USA 69,378,980 125,881,220 81.40% 2 UK 18,711,160 26,543,600 41.90% 3 Indonesia 6,496,960 25,912,960 298.90% 4 Turkey 12,382,320 22,552,540 82.10% 5 France 10,781,480 18,942,220 75.70% 6 Italy 10,218,400 16,647,260 62.90% 7 Canada 11,961,020 15,497,900 29.60% 8 Philippines 2,719,560 14,600,300 436.80% 9 Mexico 3,644,400 12,978,440 256.10% 10 Spain 5,773,200 10,610,080 83.80% 16 Source: Facebook and www.nickburcher.com
  17. 17. The Numbers • As of Spring 2010, now has two million+ Canadian members • This membership total is nearly double what it was only one year ago • Canada is one of its fastest-growing LinkedIn markets in the 200 countries where it currently has members • LinkedIn's 6th office globally; our region has fastest growth along w/ India, Netherlands and Australia • LinkedIn members typically have a HHI income of $110K+ (US) and ~40 years old, equally split M/F • Execs from all of Fortune 500 companies are represented via membership on LinkedIn 17 Source: LinkedIn and The Globe & Mail
  18. 18. The Numbers Along with Facebook and LinkedIn, Canada ranks within Top 10 globally for Twitter activity as well: 18 Source: www. Website-Monitoring.com
  19. 19. OK…But I Sell Insurance!? 19
  20. 20. The Numbers 20
  21. 21. Campaign = Traditional media with heavy Social Media focus Launched in October 2009. Expected 20 ideas submitted prior to launch...actually closer to 200. 21
  22. 22. Ended up with 2000+ submissions and 2 million votes 500+ stories in media coverage Exceeded all planned targets (key metrics) Doubled fund to $1 million for 2010 Opportunities for Brokers… 22
  23. 23. Agree Or Disagree? • Insurance is a “relationships” business. • Social Media is really about community, conversations and connections, so: • …it's about relationships too! 23
  24. 24. A Broker Example 24
  25. 25. A Broker Example 25
  26. 26. A Broker Example 26
  27. 27. Another Broker Example: 27
  28. 28. Another Broker Example: *Connections *Community *Culture 28
  29. 29. Let’s Recap! 1) Social Media reaches Canadians. 2) Rocket Science? NOT as hard as you might think. 3) Just Do It! can start small & grow over time. 4) *Risk* if competition is there and you aren't = Missed Opportunities? 29
  30. 30. Want To Talk About Social Media & YOUR Business? email: info@visability.ca twitter: @sionneroberts twitter: @visability_ca web: www.visability.ca 30
  31. 31. What Are You Waiting For? Start Connecting! 31

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