Distribution and Product Analytics Case Study
How can we improve agent channel performance and which factors have the biggest impact on sales for different agents?
Our customer had seen declining performance in its agent channel for three years. Various, often conflicting theories existed in different parts of the business as to why performance was declining. Our customer sought data and evidence to understand which factors (price, product, commission, customer) were driving agent behavior.
Montoux’s Decision Science Platform delivered the following outcomes:
• Built agent level sales propensity model that isolates the impact of different sales drivers
• Built customer propensity-to-buy model that isolates the impact of different sales drivers for different customer segments
• Derived insights integrated into product, price, and distribution strategies to increase sales
Identify underserved market segments to refine product strategy
Identified opportunity for lower cost, simple income protection product offering
Determined optimal price and commission strategies for existing products
Replaced 'gut feel' insights into decision making with evidence grounded in data
Get in Touch: To learn more please contact hello@montoux.com
