INSURANCE MARKET OPPORTUNITIES – QUANTITATIVE CONCEPT TESTING

ABOUT THE CLIENT

Client is a leading insurance provider.
Geography: India (14 cities – metro, Tier 1, Tier 2)

APPROACH

Quantitative
CATI, F2F surveys, online panel
Sample Size - 2200
Duration: 10 days

PROBLEM STATEMENT

Test various concepts for health and automotive insurance services.
Rank services for inclusion in online apps.
Understand customer preferences and inclination towards online consultations and roadside assistance.

OUR SOLUTIONS

Quantitative multi-mode: CATI (400) + F2F (200) + Online Panel (1,500) + Client DB (100).
TG: Age 35–45, SEC A/B, 70% men/30% women, independent health policyholders.
14 cities.
10-day timeline.
Deliverables: Service prioritisation report, concept testing analysis, feature ranking for health and auto insurance apps.

KEY TAKEAWAYS

Most desirable features for health and auto insurance apps ranked.
Health: instant online consultations and clinic bookings.
Auto: roadside assistance and accident coverage.
Accessibility and convenience prioritised.

OUTCOME

35% boost in app adoption with prioritised features.
20% increase in customer satisfaction.
10% strengthened market share in digital insurance segment.
Impact: 35% app adoption boost; 20% CSAT increase; 10% digital market share gain; 2,200 respondents; 14 cities; 10-day study.
ResearchFox Team
About the Author

ResearchFox Team

ResearchFox Team brings together market researchers, analysts and editors who create evidence-led content on consumer research, B2B research, customer experience and business strategy. The team draws on ResearchFox’s experience supporting brands, startups and enterprises across India, Dubai and international markets.