November 30, 2018 by Greg Meckbach
Brokers should be using Instagram and other social media sites to establish themselves as “thought leaders,” Economical Insurance advises.
“Instagram is a great channel to share content and share your team culture because at the end of the day, I think people are going to be more comfortable buying from a human and buying from a team that represents their values,” said Naheed Somji, social media specialist for Economical Insurance.
“With social media, your goal is not necessarily to sell. Content that works is content that is helpful and specific to insurance,”Somji said in an interview.
For example, many customers have questions about basic insurance terminology.
“Not everyone understands what comprehensive coverage is or what third-party liability really means. For the brokers that answer those questions in social media content, before the customers ask them in person – those are the ones that are establishing themselves as thought leaders,” said Somji.
Economical announced Wednesday the results of its second annual Pulse Check survey. Nearly 300 property and casualty insurance brokerages were asked about their social media use.
Respondents were also asked to identify themselves as being either “ahead of the curve” or “behind the times.” About one third said they were behind the times.
“The people that are ahead of the curve are doing more with social media than those that are behind the times,” said Somji. “The ones that are behind the times – half of them are posting less than once a week. Of the the ones that are ahead of the curve, half of them are posting more than four times a week. Most of the rest are posting between one and three times a week.”
Of those who said they are ahead of the curve, more than half said they have an active Instagram account.
Respondents to Pulse Check were asked what business objectives drive their social media use. More than two thirds (78%) said build brand awareness; 74% said generate new leads and sales; 65% said engage with existing customers; and 54% said share industry expertise.Among the key social media platforms are LinkedIn, Facebook, Instagram and Twitter.
During recent wildfires, a lot of evacuation notices got sent over Twitter, said Somji.
With Twitter, “brokers can provide information to the customers who need it,” said Somji. “Being able to participate in those real time conversations where people are going to the platform to look for news – that’s what it’s best at right now.”