How The Zebra Doubled Customer Acceptance Rate with FIMC’s Onboarding Approach
The Zebra, an industry-leading insurance comparison site, was seeking to expand its business by capturing incremental revenue outside of its core product offerings. As an aggregator, and not a classic insurance provider, The Zebra provides its comparison service free of charge and only makes a commission when an insurance policy is purchased through one of their agents or through a quote they provided to a 3rd party provider.
Ancillary Offering Needed to Capture Incremental Revenue
After a thorough review of business objectives, FIMC identified an opportunity to expand The Zebra’s business by integrating FIMC’s Auto Hero solution, a supplemental bundle of automotive services, reimbursements and discounts which helps individuals and their families mitigate financial strain and disruptions from unexpected car troubles. Auto Hero served as the right solution to complement the traditional auto insurance plans being offered by The Zebra, while delivering quick results.
Hands-on Training and Onboarding
FIMC took a hands-on approach with The Zebra sales team implementing new training tactics such as micro-learning assets meant to deliver daily content to agents to reinforce the value behind Auto Hero. New e-learning modules were deployed, in addition to scripting and sales tools tailored specifically for The Zebra, as part of a series of in-person and virtual trainings. This customized sales toolkit was also made available on The Zebra’s partner dashboard where their team could continuously monitor business performance and track top sales performers.
Onboarding Process Leads to Fast Results
The switch to Auto Hero was an immediate success for The Zebra who experienced a 100% increase in customer acceptance rate, increasing from 11% to 22% compared to the previous auto product offering. These strong results have continued as The Zebra has seen customer lifetime value double since moving to Auto Hero.
Auto Hero Success Leads to New Offerings
FIMC’s proven onboarding and training process not only gave agents the tools and confidence to sell a trusted product but also demonstrated the effectiveness of metrics-backed tracking to The Zebra’s management team to identify new sales opportunities. The Zebra’s successful introduction of Auto Hero eventually led to additional supplemental products from FIMC being added to The Zebra’s offerings including Home Hero and Pet Hero that have continued to boost ancillary revenue growth.
“FIMC’s comprehensive training program armed our agents with the confidence and know-how to begin selling quickly. Working together, we have been able to launch additional products, add additional states and increase outreach through new contact channels to drive incremental revenue for our business.”
Katie Gold, Head of Agency, The Zebra
Contact us to learn more about how partnering with FIMC can help increase your bottom line.