The long-term impacts of a global pandemic. Instability, uncertainty, and a tendency to hoard resources. A hardening insurance market with more competition on cost from new providers and digital disruptors.
Clients have never wanted more from their insurance agents, advisers and brokers, making it harder than ever for you to succeed. So as they shift their focus to stability, survival, and the future, you need to ensure conversations go far beyond price, to focus on the value you bring.
In these uncertain times and challenging conditions, Chubb is here to support you and your business, and equip you with the insights and tools you need to stay a step ahead.
The experts' opinion
Get inspired by our virtual sales training session with Paul Reilly, where we give you all the tools you need to make the most of our research, and answer any questions you might have.
The headlines from our research
Chubb surveyed over 3,000 business and consumer prospects in 15 countries and territories, to find out exactly what's keeping them up at night in today's uncertain market. Here are just a few of the headlines.
92%
are more price-sensitive than they were before the pandemic.
94%
would still be willing to pay more for insurance if someone proactively assessed their vulnerability.
97%
want agents / brokers to empathise and see problems from their perspective.
92%
are open to speaking to experts and advisors to reduce uncertainty.
94%
place more importance on the quality of their coverage than two years ago.
Discover the value formula
The challenge with value is that it’s entirely personal — and not always totally rational.
It's an outcome — determined by what your client sacrifices, and what they gain. The more they gain, the greater the value.
The value formula below is a strong starting point to help you align with your clients' priorities:
Value = Price + Cost + Utility + Impact
• Price is the premium clients pay.
• Cost includes all the ways you help reduce costs like time, money, or effort through the experience you provide.
• Utility is the basic function of the insurance solution you provide — coverage in the event of a loss.
• Impact is how experiencing your solution affects the buyer, includes all the additional benefits that go beyond the basic utility of your offering (like efficiency, peace of mind, or the confidence to seize new opportunities).
See the full picture
Download the full research report, or get a quick overview of how businesses and consumers are thinking, and what's impacting their buying behaviour.
Additional resources
To give you even more insights that cover today's uncertain market, and how you can succeed in it.
Contact Us
We're here to help you succeed. Contact us to find out how we can help make this campaign work for you.