{"id":15239,"date":"2021-06-03T06:15:00","date_gmt":"2021-06-03T06:15:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/06\/03\/msig-mingtai-insurance-supercharges-digitization-with-ai-informed-analytics-from-appier\/"},"modified":"2021-06-03T06:15:00","modified_gmt":"2021-06-03T06:15:00","slug":"msig-mingtai-insurance-supercharges-digitization-with-ai-informed-analytics-from-appier","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/06\/03\/msig-mingtai-insurance-supercharges-digitization-with-ai-informed-analytics-from-appier\/","title":{"rendered":"MSIG Mingtai Insurance supercharges digitization with AI-informed Analytics from Appier"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\"><!--<a class=\"format-txt\" href=\"{baseURL}\/View\/{release.id}?_download=1\">View this article in .txt format<\/a>--><\/p>\n<p class=\"subheadline\">\n                               MSIG Mingtai Insurance doubles down on their customer-centric approach to marketing and service powered by AI                            <\/p>\n<p>TAIPEI, TAIWAN<b>\u00a0<\/b>&#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media&#13;<br \/>\nOutReach<\/a>\u00a0&#8211;\u00a0<span class=\"702pressstrong\">3 June 2021 &#8211;<\/span><b>\u00a0<\/b>AI SaaS company, <a href=\"https:\/\/www.appier.com\/#utm_source=Appiermingtai&amp;utm_medium=mingtai_05_2021&amp;utm_campaign=mingtai\">Appier<\/a>&#13;<br \/>\n(TSE: 4180) and <a href=\"https:\/\/www.msig-mingtai.com.tw\/#utm_source=Appiermingtai&amp;utm_medium=mingtai_05_2021&amp;utm_campaign=mingtai\">Mingtai&#13;<br \/>\nInsurance<\/a> (Mingtai), of parent company Mitsui&#13;<br \/>\nSumitomo Insurance Group (MSIG) supercharges digitization with&#13;<br \/>\nAI-informed analytics from Appier. Born with a customer-centric approach to&#13;<br \/>\ninsurance, MSIG Mingtai Insurance cracks the code on their marketing campaigns&#13;<br \/>\nand service incidents with insights and data powered by AI. <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The two companies began collaborating&#13;<br \/>\nsince 2018 and today&#8217;s joint release highlights the impact of the collaboration&#13;<br \/>\nbetween the two companies:<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<ol start=\"1\" type=\"1\">\n<li>Online subscription rates rise to three times the&#13;<br \/>\n     industry average<\/li>\n<p>&#13; <\/p>\n<li>Push notifications on owned media nearly doubled (Q4&#13;<br \/>\n     vs. Q3)<\/li>\n<p>&#13; <\/p>\n<li>Average transaction value rose by 24% (Q4 vs Q3)<\/li>\n<p>&#13;\n<\/ol>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;We want to make&#13;<br \/>\nselecting insurance products easy for our customers, so we&#8217;ve been actively&#13;<br \/>\nadopting innovative technologies in recent years. We began working with Appier&#13;<br \/>\nin 2018 to produce AI-informed analytics and insights into our promotional&#13;<br \/>\ncampaigns and service procedures, two major challenges in the digitization&#13;<br \/>\nprocess&#8221;, said Zhi Chang Li, Executive Vice President, MSIG Mingtai Insurance.&#13;<br \/>\n&#8220;Appier&#8217;s AI technologies make customers feel at home when they visit our&#13;<br \/>\nwebsites, allowing us to not only introduce our products to potential customers&#13;<br \/>\nbut build a better, closer relationship with our existing client base. Better&#13;<br \/>\nstill, Appier significantly improved our conversion rates and the percentage of&#13;<br \/>\nhigh-value users. We will continue to work with them to uncover even more&#13;<br \/>\nmarketing opportunities as we lead the way for the application and development&#13;<br \/>\nof insurance technologies in Taiwan and Asia,&#8221; he added.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Appier was able to&#13;<br \/>\nhelp Mingtai address years of pain points with Appier&#8217;s data science platform, <a href=\"https:\/\/www.appier.com\/aixon-your-data-science-platform\/#utm_source=Appiermingtai&amp;utm_medium=mingtai_05_2021&amp;utm_campaign=mingtai\">AIXON<\/a>&#13;<br \/>\nand customer marketing platform, <a href=\"https:\/\/www.appier.com\/aiqua-customer-engagement-platform\/#utm_source=Appiermingtai&amp;utm_medium=mingtai_05_2021&amp;utm_campaign=mingtai\">AIQUA<\/a>&#13;<br \/>\nfor their various product suites. Challenges of a longer purchase and renewal&#13;<br \/>\ncycle especially with property insurance and issues with making the right recommendations&#13;<br \/>\nto their customers without a complete view of their customer profiles, were&#13;<br \/>\nalso improved. Here is how Mingtai tackled these barriers:<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<ol start=\"1\" type=\"1\">\n<li><span style=\"font-size: 1rem\">One-stop automated communication: AIQUA allows Mingtai&#13;<br \/>\n     to take control of their marketing activities across various digital&#13;<br \/>\n     channels in a one-stop manner, and automatically deploys tools to&#13;<br \/>\n     communicate with users across the sales funnel for effective lead&#13;<br \/>\n     conversion.<\/span><\/li>\n<li><span style=\"font-size: 1rem;\">360-degree view of the customer: Appier&#8217;s AI engine&#13;<br \/>\n     enriches Mingtai&#8217;s customer data by labelling users&#8217; interests and&#13;<br \/>\n     keywords to more accurately identify them based on existing CRM data.<\/span><\/li>\n<li>Multi-dimensional user segmentation: The AI \u200b\u200bmodule&#13;<br \/>\n     built in AIXON can identify customer groups based on keywords and interest&#13;<br \/>\n     tags and target them with tailored personalised messages to increase&#13;<br \/>\n     conversion rates and reduce interference of messages.<\/li>\n<\/ol>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Success scenario 1: Target high value&#13;<br \/>\ncustomers to achieve desired goals across all stages of the customer journey. <\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>Rich content such as blog articles, product&#13;<br \/>\ninformation and news releases featuring industry collaborations or awards are&#13;<br \/>\ntools that can be deployed to customers at various stages of the customer&#13;<br \/>\njourney. The intelligent deployment of these content can help achieve goals of&#13;<br \/>\nacquiring new customers, increasing loyalty or revenue. Combine this with the&#13;<br \/>\n360-view of the customer along with an AI engine, Mingtai was able to label its&#13;<br \/>\nwebsite&#8217;s rich content with different topics that matches with different&#13;<br \/>\ncustomer groups, and effectively target the right content to the right audience&#13;<br \/>\nat the right time and achieved its desired goals of communicating effectively&#13;<br \/>\nto customers across stages of the customer journey.<\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>Success Scenario 2:&#13;<br \/>\nAn agile marketing strategy based on immediate feedback on <a href=\"https:\/\/www.msig-mingtai.com.tw\/prods\/ubi_dvr\/DVR.html?utm_source=Appier&amp;utm_medium=mingtai_article&amp;utm_content=text_link&amp;utm_campaign=Appier_mingtai_article\">Chelian&#13;<br \/>\nYushou UBI Automobile Comprehensive Insurance<\/a> (Usage-Based Insurance)<\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>For the recent launch&#13;<br \/>\nof their new product, Chelian Yushou UBI Automobile Comprehensive Insurance,&#13;<br \/>\nMingtai uses Appier&#8217;s data science platform, AIXON, to target high-value users&#13;<br \/>\nmore accurately and perform personalised communication for segmented audiences.&#13;<br \/>\nComplementing AIXON with AIQUA, Mingtai was able to expand the reach of the&#13;<br \/>\naudience and delivered a more personal service experience for their customers. <\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>Established in 1960,&#13;<br \/>\nMingtai Insurance is one of the earliest insurance companies established in&#13;<br \/>\nTaiwan. Over the years, their customer-centric approach to insurance and&#13;<br \/>\ndedication to customer satisfaction has won the trust of their customers.&#13;<br \/>\nRecently, Mingtai also embarked on a digital transformation journey, in&#13;<br \/>\ncollaboration with parent company MSIG to accelerate its capabilities in big&#13;<br \/>\ndata, AI, digital marketing and blockchain and marked the beginning of the&#13;<br \/>\nAppier-MSIG Mingtai Insurance collaboration which started in 2018. <\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>For more success&#13;<br \/>\nstories, please visit <a href=\"https:\/\/www.appier.com\/case-studies\/#utm_source=Appiermingtai&amp;utm_medium=mingtai_05_2021&amp;utm_campaign=mingtai\">Appier&#8217;s&#13;<br \/>\nSuccess Stories page.<\/a><\/p>\n<p>&#13;<br \/>\n&#13; <\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-06-03\/80227\/msig-mingtai-insurance-supercharges-digitization-with-ai-informed-analytics-from-appier\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MSIG Mingtai Insurance doubles down on their customer-centric approach to marketing and service powered by AI TAIPEI, TAIWAN\u00a0&#8211;\u00a0Media&#13; OutReach\u00a0&#8211;\u00a03 June 2021 &#8211;\u00a0AI SaaS company, Appier&#13; (TSE: 4180) and Mingtai&#13; Insurance (Mingtai), of parent company Mitsui&#13; Sumitomo Insurance Group (MSIG) supercharges digitization with&#13; AI-informed analytics from Appier. Born with a customer-centric approach to&#13; insurance, MSIG Mingtai &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/15239"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=15239"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/15239\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=15239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=15239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=15239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}