use cases

Location Strategy

Objectives

  • Reinventing local relationships in the regions
  • Modernise the experience and set it apart from the banking and insurance competition by hybridising the relationship and relying on partners to enrich the value proposition of our branches
  • Integrate the local network into a more phygital strategy in order to…
    • Respond to the structural decline in visits
    • Optimise our locations
    • Increase brand visibility
    • Enhance the appeal of branches
    • Renovate the role of advisors
  • More visits, more young people, more recruitment
  • More satisfaction expressed (warmth, personalisation, surprise effect)
  • Better anchored in the region by relying on local partners for insurance-retail hybridisation

 

Progress status

Being rolled out

Use case being rolled out

  • in the largest urban areas and trialled in medium-sized towns to decide on the next steps.

Work team

  • Mainly in-house
  • Project Management: Project management: Omnichannel Distribution Dept + Real Estate Dept
  • External partner/team: Consultancy for architectural design + support for CHANGE & merchandising

Work carried out to date

  • Design, testing and deployment of three different concepts/formats for locations and experiences (kiosk, house & 360)
  • Experimentation with mobile devices (including MAIF truck).
  • Establishment of local and national partnership schemes
  • Stronger links between physical and digital journeys.

 

First Results & Lessons learnt

  • A resurgence in visitor numbers
  • Brand visibility increased by up to 100 times
  • An experience highly appreciated by visitors for its friendliness, warmth and unexpectedness.
  • The physical location becomes an anchor point and accelerator for the digital journey.
  • Better visibility of the offer and services for members
  • Teams take pride in working in these different branches and in having expanded their remit (events, promotions, promotion of services or products) to ultimately benefit relationships and business (e.g. improved conversion rates for life insurance)

Difficulties encountered & Remainng Challenges

  • Finding premium locations that showcase our concepts
  • Finding the right balance between insurance agency, living space and shop, with a focus on the quality and relevance of partners in terms of the story being told
  • Adapting measures to specific regional characteristics.

 

Interested?

Hear more about MAIF’s approach during Plenary session n°2