Submitted by

Manulife Vietnam

Premium
04/03/2025 Insurance Innovation
Transforming customer experience with M-PS: capturing feedback at key touchpoints, driving satisfaction and loyalty through actionable insights.
Innovation details
Country
Vietnam
Category
Re-imagining the Customer Experience
Keyword
Customer acquisition & loyalty, Customer experience, Insurance, Life insurance
Business Line
Life Insurance
Distribution Channel
Agents, Bancassurance

Innovation presentation

M-PS is not just another feedback tool—it’s a transformative leap for Manulife Vietnam, inspired by a cross-functional collaboration across IT, Operations (Claims, Hotline, Counter, New Business, Policy Change, Customer Website/App Services, Customer Relationship), Distributions (Agency Operations, PD Operations), Risk and Compliance, Legal, Procurement, Finance, Project Management Office, and Marketing. Our objective is to revolutionize customer insights by delivering reliable, real-time transactional Net Promoter Score (tNPS) data for Manulife Vietnam’s customers, directly tied to their KPIs, while laying the groundwork for a multi-signal Customer Analytics Record (CAR) dashboard under Manulife’s global customer experience plan. The results are compelling: Within one month of launch, M-PS collected over 6,400 surveys—ten times more than the previous method—with a 5% response rate, 2.5 times higher than similar approaches. Now, 70% of Operations staff engage daily with customer comments, setting a new milestone by responding to every negative comment within 48 hours, compared to no proactive outreach before. With Phase 1 complete, our 2025 vision is to enhance stability and expand capabilities, positioning M-PS as a scalable model for insurers worldwide. Its originality lies in cross-departmental ingenuity, its impact in driving a customer-first revolution—boosting tNPS and loyalty—and its universality as a blueprint for the industry.

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