emerce efinancials 2016 - tony dingemanse & tom vanderdooren (risk & sentiance)

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1 Context is King EMERCE E-financials, Amsterdam, December 13th, 2016 Tom Vandendooren (Sentiance) Tony Dingemanse (RISK)

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Page 1: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

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Context is King EMERCE E-financials, Amsterdam, December 13th, 2016

Tom Vandendooren (Sentiance)

Tony Dingemanse (RISK)

Page 2: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

THINK

BIG. InsurTech Serviceprovider

Page 3: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

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Know your customer Current ways to understand your customer:

Face to Face

Data collection by mail and phone

Cross sell by campaigns

New ways to understand your customer today:

Mobile and App-based

Data collection by behaviour

Cross sell based on lifestyle of customers

Page 4: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

CONTEXT IS

KING

Companies do not target

customer segments;

they address customer contexts.

Ogilvy

Page 5: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

Back to the Future

Page 6: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

Contextual Promise 1. Data-driven marketing, based on

insights into customer behavioral

profile and situational context

2. … enabling to tune marketing

campaigns and content to customer

profile and context in real-time

3. … delivering more relevant, engaging

and impactful interactions, as context

drives customer needs and intent

Context

is King

ROI = CNT x CXT (Σ 6W)

Page 7: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

CONTEXT Defined

IMMEDIATE

CONTEXT

RELATIONSHIP

CONTEXT

PERSONAL

CONTEXT

REAL-TIME

SITUATION

AL

CONTEXT

PURCHASE

&

INTERACTIO

N

HISTORY

LIFESTAGE,

LIFESTYLE,

PREFERENCE

S

Page 8: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

Mobile as a Sensory Device

Behavior

on the go

Page 9: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

Sentiance’s core mission is to become

the reference in contextualizing human behavior

by fusing and interpreting sensor data

AMBIENT INTELLIGENCE to enable the IOU (Internet of You)

Page 10: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

From Mobile Data to Contextual Engagement

COLLECT SENSOR DATA

Using smartphone sensors to

capture location and motion signals

1

UNLOCK REAL-TIME CONTEXT

Applying machine learning to interpret

behavioral patterns and context

2

ENABLE CONTEXTUAL MARKETING

Leveraging actionable insights to

enable context aware assistance

3

Page 11: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

Sense and interpret the situational

cues of a mobile user

Uncover habits and predict

human behavior

LAYER 1

LAYER 2

LAYER 3

SHOPPING & ENTERTAINMENT

LEISURE

NIGHT OUT CULTURAL EVENT

SOCIALNESS

KIDS DO/PU

WALKING RUNNING DRIVING

(CAR)

TRAIN/BUS/TRAM

WEEKDAY/WEEKE

ND

IN KITCHEN STATIONARY @ RESTAURANT/SHOP/VENUE

ROUTINES … SPORTING

DINING OUT

COMMUTE FROM/TO

SEMANTIC TIME (eg

MORNING)

SHOPPING

OFFICE

BUSINESS LUNCH

WORKING

IRR

PLACE

COMMUTING & MOBILITY

WORK/LIFE

FOOD

HOME

CONTEXT defines the 6W

Learn the personal affinities and

patterns of a mobile user

SEGMENTS

MOMENTS

EVENTS BIKING

WHY

WHAT, WHERE, WHEN, HOW

WHO

HOLIDA

Y ENTERING, LEAVING,

NEAR, …

TRAVELING

Page 12: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)
Page 13: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

Personalization from segments to context

Who?

What?

Where?

When?

Why?

How? SEGMENT

PERSON

CONTEXT

Page 14: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

REAL LIFE

behavioral profiling

REAL TIME

context-aware engagement

Page 15: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

Smart mobility &

Fleet management

Smart Home services

& Lifestyle Based Insurance

Connected Car

Remote patient monitoring,

Care adherence &

Health coaching

Customer loyalty & engagement Proximity & real-time marketing

Unlocking the Value from IOU

IOU

Page 16: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

1. CUSTOMER INTELLIGENCE Enrich demographic & transaction data

with behavioral and contextual insights

2. CUSTOMER ENGAGEMENT Contextual customer experience,

engagement & assistance

3. LIFESTYLE-BASED INSURANCE Risk assessment & claim reduction

Coach & reward safe & healthy behavior

Unlocking Value From Context

Page 17: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

WORK/LIFE Routines, semantic times, lifestages Work/Life, Mobility, Shopping, Entertainment, Health Recreate customer empathy

TRANSACTIONS/INTERACTIONS Correlate customer profile, payments & transactions, app usage Omni-channel customer interactions Leverage real-time context & behavioral profile for predictive intelligence

Customer Intelligence //

Page 18: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

MORNING

6 AM SEMANTIC

TIME

WORKAHOLIC PROFILE SEGMENT

NIGHT OWL PROFILE SEGMENT EARLY BIRD

PROFILE SEGMENT

MORNING

9 AM SEMANTIC

TIME

CULTURE BUFF PROFILE SEGMENT

FOODIE PROFILE SEGMENT

UBER PARENT PROFILE SEGMENT

Page 19: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

CUSTOMER EXPERIENCE Tune (app) experience to real-time context & behavioral profile Real-time personalization & customization (eg. location-based services)

CUSTOMER ENGAGEMENT Align CRM and push messages to behavioral profile (eg cross/up-sell) Leverage context for real-time engagement (eg. push notifications)

CUSTOMER ASSISTANCE Proactive recommendations & coaching based on predictive insights & comparative analysis (e.g. lifestyle-based tips)

Contextual Personalization //

Page 20: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

WHEN we know and predict when someone is (not) likely to be responsive

“Best about an hour after I’ve arrived home from work, so I have had time to eat. Not the

days I am picking up the kids. That makes Mondays, Tuesdays and Fridays between

4pm and 5:30pm. Unless I’m stuck in traffic on the E313.“

semantic time activity moments

“Morning is when I wake up, whatever time that may be. Afternoon is when I

have eaten something and wander out shopping or whatever. Night is

when the kids are in bed and I have a horror movie on.”

MORNING ROUTINE

LUNCH TIME

EVENING ROUTINE

NIGHT TIME

SLEEPING

SHOPPING

NIGHT OUT

COMMUTE

WORKING LATE

SPORTS

BIKING

WAITING CITY TRIP

DOG WALK

AT SCHOOL

Page 21: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

Lifestyle-based Insurance //

Behavioral change

Risk Profile

Behavioral Rating

Lifestyle Coaching

Demo/sociographics Claim history

Driving style & context Health scoring & lifestyle

Home activity monitoring Work/Life patterns & context

Safe driving Green mobility Healthy lifestyle Home security Energy savings

Page 22: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

USER-BASED CAR INSURANCE Auto UBI & driver coaching leveraging driver profiling From pay-as-you-drive to pay-how-you-drive

LIFESTYLE-BASED HEALTH & LIFE INSURANCE Health Insurance premiums based on healthy lifestyle Well-being monitoring & coaching

HOME INSURANCE & ASSISTED LIVING Home activity monitoring & real-time risk prevention Assisted living & anomaly detection/alerts

ON-DEMAND INSURANCE Contextual insurance based on ad-hoc needs

Lifestyle-based Insurance //

Page 23: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

REAL LIFE

behavioral profiling

REAL TIME

context-aware engagement

Page 24: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

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Applications This technology can disrupt the insurance sector

Contextual marketing leads to customized services

Technology integrated in app

Page 25: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

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Insurance and AI App-only (no dongles required)

Measuring of phone-usage during trips

Behavior-based pricing

Sensordata combined with IOT

Including healthdata

Coaching in lifestyle

Page 26: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

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Insurance on demand Coming soon: Insureapp

Protect just the things your want

Pay per use based on your behaviour

Simple: Identify the object and swipe the Insurance on/off

Page 27: Emerce eFinancials 2016 - Tony Dingemanse & Tom Vanderdooren (RISK & Sentiance)

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Get in touch Tom Vandendooren

[email protected]

+32 3 369 96 96

Tony Dingemanse

[email protected]

+31 30 634 40 50