New Marketing Intelligence and Planning Study Findings Have Been Reported by Investigators at Stockholm School of Economics (Ensuring customer retention: insurers’ perception of customer loyalty)

2020 APR 29 (NewsRx) -- By a News Reporter-Staff News Editor at Daily Marketing News -- Fresh data on Marketing - Marketing Intelligence and Planning are presented in a new report. According to news reporting originating in Stockholm, Sweden, by NewsRx journalists, research stated, “Customer feedback is believed to provide an important retailer metric. Notwithstanding, customer retention still presents a challenge in today’s increasingly digitalised business environment.”

The news reporters obtained a quote from the research from the Stockholm School of Economics, “The insurance industry has recently begun its digitalisation process and is struggling with customer retention. Hence, the purpose of this paper is to investigate the recurrent trends in the academic discourse surrounding this topic. Design/methodology/approach This narrative review has documented journal publications from January 2000 to February 2018, using the PRISMA statement. The Web of Science and SCOPUS databases were examined for prior studies of digitalisation and customer loyalty in an insurance setting. The most recurrent themes were those deemed to be of most interest to the wider academic community and in greatest need of additional research. Expressed as a ‘conditional statement’ this is summarised as: ‘IF [most recurring] THEN [need for further research]’. Most articles were published in UK-based journals, with most first authors listed in the USA as their country of origin. The articles most commonly discussed the need for ‘Proactive retention’, i.e. taking pre-emptive action to secure customer loyalty. This exposes a gap with extant theories on customer loyalty/customer retention, which favours customer feedback as an important metrics. Research limitations/implications - The articles investigated were not ranked beyond mentioning the number of publications found in each respective journal, as to determine any distinguishable patterns of publication. Practical implications - The need for studies on ‘Proactive retention’ is likely desirable also in other areas than insurance. Originality/value The study exposes a gap in extant theory, which mostly discusses retention from a posteriori knowledge.”

According to the news reporters, the research concluded: “However, most examined literature is actually calling for a priori knowledge.”

For more information on this research see: Ensuring customer retention: insurers’ perception of customer loyalty. Marketing Intelligence & Planning, 2020;38(2):151-166. Marketing Intelligence & Planning can be contacted at: Emerald Group Publishing Ltd, Howard House, Wagon Lane, Bingley BD16 1WA, W Yorkshire, England. (Emerald Group Publishing - www.emeraldinsight.com; Marketing Intelligence & Planning - http://www.emeraldinsight.com/journals.htm?issn=0263-4503)

Our news correspondents report that additional information may be obtained by contacting A. Larsson, Stockholm School of Economics, Institutes for Research, Stockholm, Sweden.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1108/mip-02-2019-0106. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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