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Online Customer Service at Top US Life/Annuity Insurers.

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| February 01, 2009 | COPYRIGHT 2009 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From InsuranceNewslink.com)

Novarica singled out MassMutual, AXA Equitable, and New York Life for their strong online customer service offerings in a new report published this week, Online Customer Service at Top US Life/Annuity Insurers.

"Even the highest-touch, most-advisor-oriented companies realize that their high-value customers are managing more and more of their financial lives online," commented report co-author Matthew Josefowicz, director of Novarica's insurance practice. "Although none of the leading life/annuity companies have yet taken the leap to online sales (or even online quoting), a strong service capability for current customers and rich educational content to lure new customers into a conversation with an agent are becoming competitive necessities, especially as Generations X and Y move into their prime accumulation years."

The report ranks seven leading insurers' websites in 15 categories, including overall ease of navigation; online payments, policy changes, funds allocation/transfer, account viewing, claims submission, withdrawals, calculators, planning tools, and policy loans; non-English language materials; agent/office locator; educational multimedia and articles; and social bookmarking/sharing functionality.

"To honour our promises to policyholders and clients and to help them make good ...

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