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FCA stops insurance companies’ loyalty penalty

Helen Dewdney

Today, (28/05/21) the FCA implements a package of remedies to improve competition and protect home and motor insurance customers from loyalty penalties. It is focussing particularly on the current “loyalty penalty” that punishes existing loyal clients’ premiums and favours new clients. The FCA estimates that consumers will save 4.2

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3 Reasons Why Your B2B Business Needs Live Chat In 2022

Team Support

The more stunted a company’s online communication and chat platform, the further they are from their customers, and the less poised they are for success in 2022 and beyond. In 2018, an average of 52% of chat queries were from mobile devices. ICMI communicated that online visitors engaging via live chat are worth 4.5

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Top 3 CX trends banks need to be aware of in 2022

Interactions

Read on to understand the top 3 CX trends you need to be aware of in 2022 to stay ahead of the game. According to the American Customer Satisfaction Index, satisfaction with banks steadily fell from 2018-2020, though leveled out more in 2021. . Speak like a human. Competition between banks and financial institutions is fierce.

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Top 10 Customer Communication Management Best Practices in 2022

Quadient

Top 10 Customer Communication Management Best Practices in 2022. Tue, 07/26/2022 - 16:55. Inmoment, a customer experience management company, found that 75 percent of respondents to a 2018 survey they conducted ( 2018 CX Trends Report ) said that they consider most forms of personalization to be at least somewhat “creepy”.

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Tipping Point Pressure: 60% Of Customer Service Managers Say This Will Be the “Toughest Winter Yet”

CSM Magazine

The American Customer Satisfaction Index reported that customer satisfaction levels have dropped by 5% since 2018—the largest descent in the 28-year history of ACSI. The drops were revealed to be quite drastic, with over 40% of respondents saying scores have fallen by 5-10% in 2022, with another 34% revealing they have fallen 10-15%.

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Optimove Acquires Real Time Personalization Platform Graphyte. See Why it’s a Game Changer

Optimove

In case you somehow missed our big news today (July 13, 2022), allow us to bring you up to speed: today, we announced the acquisition of Graphyte, a realtime, cloud-based personalization platform optimizing web and mobile experience for consumers. . And if right now you’re thinking, “Hey, why does this sound familiar?”

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AI and Customer Care: The Future is Here

BlueOcean

IBM reports that by 2022, businesses will save approximately $8 billion annually, up from the $20 million dollars saved in 2017. Additionally, the seamless omni-channel experience that AI can help support will promote customer satisfaction and loyalty. If you use AI correctly, get ready to see those NPS stats go through the roof.