Two Different Ways to Sell Insurance, but One Approach for Aligning Sales, Marketing

Ideally you’re leveraging your field staff as well as independent agents because they are each experts on their prospects and customers. An added goal is to do this in the most efficient and cost-effective way. This means that alignment of sales and marketing may have less to do with when a lead is sent to a sales rep and more about using the most current version of each marketing material and not printing more than is needed. For example, as part of a continued effort to rationalize its cost structure, European insurance company P&V Verzekeringen sought to reduce the costs associated with the production and administration of its sales and marketing collateral. Julien Hayen, P&V corporate communications officer explains, “To ensure a sufficient supply for our agents, we’d produce flyers and brochures in large quantities. Every year, however, we had to dispose of collateral because it had become outdated as a result of changes in the market, the legal environment, or simply because certain promotional offers would be limited in time.”

Agents would order standard collateral by phone or by e-mail, often more than required as they didn’t want the extra bother of regular re-ordering. With this manual process, it was difficult to prevent the use of out-of-date information being distributed, which had liability implications as well as possibly affecting the sales process. Hayen adds, “We also identified a need for personalization, having noticed that our agents increasingly used self-produced, personalized communication materials. Unfortunately these communications, however well-intentioned, didn’t always comply with legal requirements, let alone brand standards.”