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KWESI ACQUAY - WILLIAM KURINSKAS - CHRISTELLE KHOURI - ALEXANDRA RHEINHARDT. WHY AUTO INSURANCE?. AGENDA. INDUSTRY STRUCTURE. INDUSTRY OVERVIEW. INDUSTRY ORGANIZATION. COMPETITIVE LANDSCAPE. MAJOR PLAYERS. ADVERTISING STRATEGIES. RECOMMENDATIONS. INDUSTRY STRUCTURE. INDUSTRY OVERVIEW.
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KWESI ACQUAY - WILLIAM KURINSKAS - CHRISTELLE KHOURI - ALEXANDRA RHEINHARDT
AGENDA INDUSTRY STRUCTURE INDUSTRY OVERVIEW INDUSTRY ORGANIZATION COMPETITIVE LANDSCAPE MAJOR PLAYERS ADVERTISING STRATEGIES RECOMMENDATIONS
ADVERTISING EXPENDITURES AD/SALES RATIO: 1.2 AD GROWTH: 4.7% SALES GROWTH: 5.4%
INDUSTRY PERFORMANCE RECOVERY of AUTO INDUSTRY INCREASE IN CONSUMER DEMAND EXPECTED GROWTH HIGHER PREMIUMS
TECHNOLOGY & PRODUCTION COSTS UNDERWRITING SOFTWARE LOW PRODUCTION COSTS
INSURANCE CARRIER UNDERWRITING SOFTWARE BROKERS or AGENTS
MARKET SHARE & HHI HHI 1170
18.4% MARKET SHARE ABSENT FROM STOCK MARKET $33 billion REVENUE CROSS PROMOTION
9.5% MARKET SHARE 70% of PROPERTY & PREMIUMS $17 billion REVENUE PRODUCT BUNDLING
8.6% MARKET SHARE Until 1973: FEDERAL-EMPLOYEE-ONLY INSURER $15 million REVENUE LOW PRICES
ICONIC ADVERTISING GEICO AD
HUMOR ALL STATE
CELEBRITY ENDORSEMENT Aaron Rodgers Chris Paul GEICO CELEBRITY
COMPARATIVE ADVERTISING “Helping you save even if it’s not with us”
INFORMATIVE vs. PERSUASIVE “15 minutes could save you 15%”
INTERNET ADVERTISING UNIVERSITY OF FARMERS
MOBILE ADVERTISING + BANNER ADS