By using Regal, 36% More Homeowners are Talking to Kin Insurance

Homeowners insurance provider, Kin Insurance, sees 36% lift in ‘engaged customers’ and 8% lift in bind rate by using Regal’s branded cell phone caller ID to reach their prospects.

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CASE STUDY
INDUSTRY

Insurance

IN NUMBERS

In Regal’s Branded Caller ID, Kin found exactly what was missing in its phone program and saw phenomenal results.

11%

Lift in 3 Day Assignment

*Leads who spoke with a sales agent within 3days of lead creation

36%

Lift in Engaged Call Rate

*Calls lasting 60 seconds or longer of talk time

8%

Lift in 7 Day Bind Rate

*Leads who purchased an insurance policy within 7 days of lead creation

Michael Rose-Sandow

Director of Sales Operations, Kin Insurance

"Regal's call branding solution allowed us to connect with more leads, have more meaningful conversations with those leads, and ultimately convert more leads into paying customers."

An Innovative Approach to Homeowners Insurance

Soon after its launch Kin quickly became one of the fastest growing insurtech companies in the country. Kin’s innovations had definitely struck a chord with homeowners, its fresh approach to homeowners insurance was novel in two key ways.

First, Kin created a quick and easy buying experience by offering homeowners customized online quotes based on the customer’s specific home context and budget.This transparency and efficiency, coupled with great customer experience, built trust with customers. Second, the Kin team was super focused on customer service and satisfaction, including providing streamlined relief to customers who had filed claims. Kin quickly managed to reach an NPS of 83 compared to an industry average of 35.

PROBLEM:

How to Reach More Homeowners on the Phone?

Since Kin’s service was a high ticket item requiring a fair amount of consideration, phone sales quickly became a critical high-converting acquisition channel for the Kin team. Like most other businesses relying on phone sales, one of the main challenges Kin encountered was how to get prospective customers (who had visited Kin’s website and were considering its service) to speak with a Kin sales agent. The Kin team recognized two metrics that contributed to high on-call conversion rate.

First and foremost they needed to get the customer to answer the phone. However, this proved difficult even with prospects that were clearly high intent. Since Kin were calling from unknown phone numbers, the customer had noway of knowing that this number was actually a desired call from Kin.

No less important, data showed that it was key for the customer to be in the right mindset to listen and engage with Kin’s sales agent. Kin labeled this customer behavior as “Engaged Call Rate”, namely calls lasting 60 seconds or longer. An engaged customer who was in a healthy mindset of listening and engaging, was more likely to convert. However, even when customers did pick up Kin’s call from the unknown number, the uncertainty around who was calling and why kept them somewhat skeptical and “Engaged Call Rate” remained low.

The Kin team sought a way to increase brand credibility so as to get more customers to pick up the phone, as well as to reduce hesitation and increase on-call engagement rate.
SOLUTION:

Switching from Unknown Numbers to Branded Caller ID

In Regal’s branded caller ID service Kin found exactly what was missing in its phone program. By being able to label its outbound calls to customers with a “Kin Insurance” brand, it reminded customers that homeowners insurance was on their ‘to do list’ and that Kin’s call was of interest to them. No less important, Kin’s branded caller ID projected reliability and built trust with the customer. This dramatically contributed to customers entering the conversation in an attentive and engaged mindset, rather than questioning the legitimacy of the caller and the call reason.

The results were phenomenal. Within a single quarter 3 Day Assignment Rate (the percentage of leads who ended up speaking with a sales agent within 3 days of lead creation) increased from 47% to 52% (11% lift), Engaged Call Rate (calls with 60 seconds or longer of talk time) increased from 5% to 6.8% (36% lift), and 7 Day Bind Rate (the percentage of leads who bound, i.e. were sold an insurance policy, within 7 days of lead creation) increased from8.4% to 9.1% (8% lift).

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ABOUT THE CUSTOMER

Kin’s mission is to reimagine home insurance For Every New Normal. While other insurers struggle to handle a fast-changing world, Kin is built for the future and prepared to meet its challenges head on while helping our customers do the same.

Because of our technology and direct-to-consumer model, we provide affordable pricing without compromising coverage, even in areas most impacted by climate change.

Source: kin.com

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Leila Kutler

Senior Director, Strategy & Growth, Angi

"Regal allowed us to invest in a personalized conversational experience for our members, and to A/B test how to best support homeowners at key moments."

Manuj Goyal

Product Manager, The Farmer's Dog

"Starting a phone sales program to call our unconverted leads and existing customers was so straightforward with Regal. And we are seeing a 58% lift in conversion."

Sarah Haselkorn

VP Sales & Support, MakeSpace

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Ankit Kumar

Director of Data and Platform, Guitar Center

"Regal's platform is so much easier to work with and allows us to personalize so much of our customer experience. Unlike with other platforms, it doesn't take us forever to get something spun up and deployed."

Read the Case Study

Katherine Martinell

Director of Medical Operations, Ro

"Since moving onto Regal, we've been able to streamline patient engagement, capture the data we need to shape strategy, and most importantly, sign up more patients. Regal completely transformed how we do things at Ro."

Read the Case Study

Peter James

Head of Growth, Carda Health

"My team is so much more productive with Regal. We've seen huge increases in conversions and engagement. On top of this, Regal's support is unmatched. We're not just more efficient, we're delivering a better experience for every prospective patient."

Read the Case Study

Eric Hauser

Chief Technology Officer, Cadence

"We have a large volume of patients to reach out to, get them to engage, and explain the benefits of the program. All patients are different – we need a solution to do that outreach at scale and respectfully. Regal's AI Agents empowers us to personalize and automate all of that outreach."

Read the Case Study

James Eaker

Regional Manager, Toyota Auto Insurance

"We are really happy with Regal - both in terms of its impact on our business performance and how fast the team moves and their level of personalized support."

Read the Case Study

Micah Metcalf

CEO, Legacy Family Life

"Regal is exactly what we were looking for in a partner. Regal made us much more effective and efficient at engaging with customers who are looking for the right life insurance partner."

Read the Case Study

Maggie Vetrovsky

Director of Sales, Embrace Pet Insurance

"Ava, our Regal AI Phone Agent, has been key in driving much more productivity and efficiency through our call center. We're automating a significant amount of tasks away from our human agents and saving them for high-touch situations, while our customers are just as happy to talk with Ava as they would with anyone from our team. For anyone who's exploring how AI can help their call center, I highly recommend Regal!"

Read the Case Study

Justin Pagan

Director of Global Enrollment, Coursera

"No other vendor is as invested in our success as Regal is. The platform is great, but the partnership is even better."

Read the Case Study

Celeste Martinelli

Chief Operations Officer, AllCampus

“We are pleased with our partnership. We truly believe Regal is the right solution for us to help transform our operations, and we like it when our partners are winning in business too!"

Read the Case Study

Patrick Green

VP of Enrollment Strategy, Collegis

"The Regal team has a unique focus on business goals, not just features for the sake of it. They understood our complex business model and prioritized features that have made our program more successful"

Read the Case Study

Niraj Patel

COO and Co-Founder, LiveEasy

"We've been able to make immediate and impactful improvements to our business with Regal. We're performing better than ever and it's thanks to the insights and AI tools that Regal has given us"

Read the Case Study

Eric Peschke

VP of Marketing, Zintex

"We're big fans of Regal and how it makes our agents jobs a lot easier. We broke appointment records after the first six months!"

Read the Case Study

Bruce Davidson

Director of Client Services, Clancy

“AI has changed how we do things. Before, we had to roll the dice with other call centers, which obviously had varying results. AI Agents have been nothing but consistent and reliable, I don’t think we’ll ever offshore our calls again.”

Read the Case Study

James Hummer

VP of Sales, Ethos

“Regal’s AI Phone Agent has been a game-changer for our sales calls. Its features seamlessly integrate into our workflow, allowing us to test, stay compliant, and improve our results at every stage.”

Read the Case Study

Robby Romance

Director, Strategic Partnerships, HealthBird

"Regal has helped us improve our sales per agent per day by 250%, improve our answer rates by 100%, and our conversion rates by 40%. As a result, we have been able to engage with more qualified prospects, verify their info for successful conversions, and drive additional revenue."

Read the Case Study

Michael-Rose Sandow

Director of Sales Operations, Kin Insurance

"Regal allows us to connect with more leads, have more meaningful conversations with those leads, and ultimately convert more leads into paying customers."

Read the Case Study

Kevin Heung

VP Performance Marketing, SoFi

"We've seen answer rates go up and success with Regal that delivers strong returns we can truly measure."

Read the Case Study

Jacques Rojahn

Head of Sales, Career Karma

"With Regal.io's journey builder and intelligent routing capabilities, we are able to streamline our outbound sales process. We are able to assign a prospective student to our coaching team to create a more consistent and impactful experience for our community."

Read the Case Study

William Lucas

Senior Manager, Club Z!

"Regal.io instantly doubled our answer rates and improved sales productivity. We have been able to consolidate what we used to do in three separate systems all into one place while personalizing our outreach to prospects."

Read the Case Study

Scott Chesrown

Co-Founder & COO, Perry Health

"Regal instantly made our enrollment team 4x more productive. Now that we have improved our speed to lead, we use Regal's AI-powered tools to personalize, measure and optimize the experience for each customer."

Read the Case Study

Leila Kutler

Senior Director, Strategy & Growth, Angi

"Regal allowed us to invest in a personalized conversational experience for our members, and to A/B test how to best support homeowners at key moments."

Read the Case Study

Manuj Goyal

Product Manager, The Farmer's Dog

"Starting a phone sales program to call our unconverted leads and existing customers was so straightforward with Regal. And we are seeing a 58% lift in conversion."

Read the Case Study

Sarah Haselkorn

VP Sales & Support, MakeSpace

"After launching Regal with Branded Caller ID on cell phones for our lead outreach calls, we saw a 20% lift in conversion at a 20x ROI within a week. We've been looking for a solution like this for years!"

Read the Case Study

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