Case Study: Verisk Claims Feedback Management System
Verisk Analytics
Sr. Manager CX Strategy
2021 – 2023
Build your customer loyalty with a brand promise that says “We are Listening”.
Satisfaction
56%
Most companies treat me as a number
Expectations
73%
customers expect companies to understand their unique needs
Efficiency
83%
of customers expect to solve complex problems by talking to one person
Source: Salesforce State of the Connected Customer May 2022
Feedback Management: Converting from Customer to Trusted Partner
Summary
Listening to customers is key to building trust and becoming more than just a service provider – it’s about being a true partner. By using a feedback system with effective follow-ups and ongoing communication, we can better understand their needs and expectations, leading to stronger relationships and successful outcomes.
Opportunity
Understanding our customers starts with listening to them. Feedback is the heartbeat of any strong customer relationship, and knowing when and how to gather it is key. As Senior Manager of Customer Experience, I focused on pinpointing the critical moments in the customer journey where feedback matters most. By building and refining a Customer Feedback System, I ensured we stayed in tune with customer expectations and perceptions, helping us better meet their needs and strengthen our connection.
Challenges
It was clear we were stuck in a siloed system—separate roadmaps, outdated processes, and ideas that ignored what customers actually wanted. This led to wasted time and resources. What we needed was a shift: a customer-first approach. By focusing on collaboration and truly listening to our customers, we built stronger partnerships and gained a clearer understanding of their needs. It changed everything.
Outcome
Listening to customer feedback has been a game-changer for us. We started by using behavior analytics to track and understand customer sentiment on our digital platforms. Once we tagged feedback to specific product improvements, we made sure to let customers know we heard them. And when those improvements went live, we closed the loop by notifying them directly. This approach not only shows customers that their input drives our work but also builds a strong sense of collaboration. It’s all about proving that we’re true partners in meeting their needs.
Key Take Aways
Listen and collaborate with customers to
- Increase customer satisfaction
- Deliver on your brand promise
- Boost customer loyalty
- Increase wallet share and recurring revenue
- Reduce costs with automation
- Cultivate a brand perception as a trusted advisor