Analyzing factors leading to customers drop-offs from website purchase for a leading private life insurer
Product Used: 1Sense
Context:
- A leading private life insurance player wanted to understand from a customer lens the various issues with its website purchase journey.
- Key areas of research:
–Reasons for preferring direct website purchase over other channels.
–Delight factors and challenges with the client’s website journey vs that of competition and aggregators.
–Triggers contributing to drop-off and specific touch points.
Methodology:
- Conducted deep conversations (N=50) with customers who visited the website with the intent to purchase but dropped off at the payment page.
- Mystery shopping on client and competitor websites.
- Mystery interactions with client and competition telesales executives.
Impact/Outcome:
- The client was able to get a detailed overview of a customer’s purchase journey and key areas that are triggering drop-off. They were able to understand the areas where their journey was superior to the competition and vice-versa.