Social Media, for Insurance Brokerages

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Social Media* (*For Insurance Brokers) September 23, 2010

description

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.

Transcript of Social Media, for Insurance Brokerages

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Social Media*

(*For Insurance Brokers)September 23, 2010

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2 How do YOU feel about Social Media?

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Image Credit: Parker Brothers, a subsidiary of Hasbro

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Who is This Guy, Anyway?

“Experienced” In Online Marketing…

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#1

Canadians are highly-active participants in Social Media.

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#2 = It’s not rocket science.

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…#3

Image Credit: Nike

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8 Traditional Media?

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What Is Social Media?

Conversations

Connections

Community

…in an online environment.

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What Is Social Media?

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Social Media

vs

Think telephone, not megaphone.

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Q. Why Social Media?

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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.

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The numbers don’t lie.

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The Numbers

Source: Forrester Research and comScore

• 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.

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The Numbers

Source: Facebook and www.nickburcher.com

Ranked in the Top 10 globally, Canada’s July 2010 Facebook membership level also

represents a 55% penetration rate of overall Canadian “online” population:

83.80%10,610,0805,773,200Spain10

256.10%12,978,4403,644,400Mexico9

436.80%14,600,3002,719,560Philippines8

29.60%15,497,90011,961,020Canada7

62.90%16,647,26010,218,400Italy6

75.70%18,942,22010,781,480France5

82.10%22,552,54012,382,320Turkey4

298.90%25,912,9606,496,960Indonesia3

41.90%26,543,60018,711,160UK2

81.40%125,881,22069,378,980USA1

12-month growth %Facebook Members - July 2010Facebook Members - July 2009CountryRanking

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The Numbers

Source: LinkedIn and The Globe & Mail

• 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

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The Numbers

Source: www. Website-Monitoring.com

Along with Facebook and LinkedIn, Canada ranks within Top 10 globally

for Twitter activity as well:

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OK…But I Sell Insurance!?

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The Numbers

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Campaign = Traditional media with heavy Social Media focus

Launched in October 2009.

Expected 20 ideas submitted prior to launch...actually closer to 200.

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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…

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Agree Or Disagree?

• Insurance is a “relationships”business.

• Social Media is really about community, conversations and connections, so:

• …it's about relationships too!

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A Broker Example

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A Broker Example

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A Broker Example

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Another Broker Example:

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Another Broker Example:

*Connections

*Community

*Culture

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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?

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Want To Talk About Social Media

& YOUR Business?

email: [email protected]

twitter: @sionneroberts

twitter: @visability_ca

web: www.visability.ca

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What Are You Waiting For?

Start Connecting!