Why is Voice Broadcasting a Boon for the Insurance Industry?

Companies, especially insurance companies, have the necessity of reaching out to the people or who we can call as potential customers. Being a commercial service provider, insurance firms had to go out and sell their services.

But practically, this is not possible for a company to hire agents to make a brand visible by making door-to-door visits. Also, this process would require the companies to spend a lot without even having any idea about the revenue that will be generated.

In such cases, companies decided to introduce digital channels into the marketing scheme. This method proved to be cost-efficient as well as less time-consuming. Sending out small voice messages to the customers will highlight the company’s name as well as the beneficiary schemes.

What is Voice Broadcasting?

As the name implies, voice broadcasting refers to a technique through which a company can communicate with the masses. A pre-recorded message is broadcasted to hundreds or thousands of telephone users for the only purpose of making them aware of the upcoming offer, scheme, or service the company is trying to promote.

All the data of incoming and outgoing calls are saved in an organized manner. This database is managed in such a manner that it can be used for future reference.

The voice broadcasting systems are responsible for managing a database consisting of a list of phone numbers and recorded messages. Using this data, the machines make hundreds of calls to people at once.

The sending out of promotional messages to the customers serves the advertising needs. It requires fewer efforts, and it reduces the cost. Also, the voice broadcasting system works in easy steps.

Upload a contact list consisting of numbers of prospective customers, record the promotional message using text-to-speech, or merely upload recorded audio, and you are all set to make the message go live over hundreds of telephone lines.

How it Works

This innovative system of promoting insurance services via automated telephone calls makes use of text-to-speech feature and import contacts to be contacted.

Let us have a look at elements of the speech broadcasting system.

·  Message Recording

For the voice broadcasting process, you need to use the text-to-speech feature for uploading the voice message on the call to be broadcasted. For that, you can speak out the written content that you want your customers to hear.

If this is not possible, you can easily upload an audio file that you have already saved in the system. Before uploading the recorded voice, one must take care to keep the audio length short and try to emphasize more on the insurance scheme and the benefits they come with.

·  Importing and Uploading Contacts

Generally, insurance companies maintain a list of contact numbers of pre-existing customers. Targeting potential and existing customers can help in the growth of sales.

This method of direct marketing will reach out to create leads or can sometimes act as a follow-up approach for prospective clients.

The voice message need not necessarily be some piece of information or offer announcement; it can be a humble thank you message to the existing clients for being a part of your services.

·  Monitoring and Tracking Records

Once you have to build a bond with the customers via voice messages, you can store a recording of all the agent-customer calls.

This can be done by recording all the calls and maintaining a stacked data of the voice messages exchanged between the insurance company and the customers. This set of recordings will prove to be beneficial for future use, such as monitoring and training.

· Optimization

Managers can track growth in customer interaction and can plan on initiating changes in their insurance schemes.

These recordings can be of great use in the training program and optimizing services. A compilation of feedbacks and revert backs from the customers can be used to determine customer interests and decision-making.

Benefits for Insurance Companies

1. Productivity

Insurance companies always look forward to generating as many leads as possible. Being customer-centric service providers, these companies employ marketing strategies to leave a positive impact on their audience.

When you reach a more extensive range of customers, you can build an image of your brand that in return, generate high productivity for your firm. Also, voice broadcasting demands no input or hassle from the client’s end, which tends to impress them as they get help in return of no input of energy or money.

Generally, customers with insurance-related queries tend to approach the company once they get impressed with the advertisement.

2. Efficiency

Voice broadcasting comes with the benefit of customizing the message that you want your audience to hear. One can record, alter, and launch the digital audio that they wish to their target audience to hear. Insurance companies rely on the voice broadcasting process for letting their customers know about upcoming insurance policies and discounted rates of interest. An adequately designed voice message can lead to a high number of satisfied customers.

One of the main benefits of voice broadcasting is that calls can be scheduled for any upcoming date and time. This scheduling of recorded voice calls saves time and increases efficiency.

3. Quick Response

Voice messaging is useful for generating increased reactions as compared to direct messaging. Since this technique is cost-efficient and less time-consuming, insurance companies find it a more relaxed way of providing their customers with a quick way of getting their interests served.

This flexible system of communication facilitates customers with a quick way of simply checking their phones and attending calls. This process does not require extra inputs from the receiver.

They simply have to pick up the call and listen to the recorded message. In some cases, users are asked by the voice to enter specific digit suiting their needs.

4. Positive Customer Experience

Sending out pre-recorded voice messages to the customers helps leave a positive impression on them. The customer experience counts only when the people are impressed and influenced by the personalized message they are sent.

With the correct choice of words and a humble tone of the recorded message, customers tend to get attracted to the schemes and deals an insurance company is offering.

Earlier, when insurance companies used to hire brokers for promotion and sales purposes, the reputation of the company was in the hands of these brokers.

But with the emergence of voice broadcasting techniques, companies can initiate a healthy relationship with their customers. This marketing strategy not only helps increase sales but helps insurance companies save money on the workforce.

This innovative method makes it easy for the insurance companies to reach out to a maximum number of customers via a cost-effective, instant, efficient and interactive communication channel aimed at pleasing the customers and making a name for the brand in the insurance industry.

After considering all the features and services that voice broadcasting is providing to the insurance companies, it would not be incorrect to conclude that this technique is a boon for the insurance industry.