Voice-controlled AI is no longer a novelty. In the past year, smart speakers have become the fastest-growing category of consumer tech and a mainstream way for people to interact with brands. A long list of insurance companies, including Liberty Mutual, Cigna and Prudential, are investing in Alexa “skills” (voice apps) that help customers shop for coverage, understand their benefits, compare quotes and access information about their products and policies. For now, these voice-activated AI tools are relatively simplistic, but consumers are certain to demand more advanced capabilities in the near future. But a measured approach is needed to make it meet the needs of today’s insurance consumers.

Voice apps taking care of the easy stuff

In the near- to mid-term, voice apps will be used primarily to automate simple interactions. Gartner predicts that 30 percent of online browsing will take place without a screen by 2020. And Google estimates that by the same year, more than half of searches will happen by voice.

The challenge for executives is to rethink their digital strategies for consumers who are querying and communicating with voice-activated devices in addition to typing, swiping and tapping on screens. Insurance brands must develop voice experiences that account for this reality: voice assistants can automate simple interactions, while human conversations will remain critical to building trust with consumers, resolving complex issues and closing high-stakes deals.

People still want to talk to people

For considered purchases like insurance policies — which are expensive, intricate, and highly personal products and services — consumers want to talk to a human after they research and compare options. And these conversations are highly valuable. When customers pick up the phone after researching online, they’re often ready to buy, and that’s why these conversations drive more than $1 trillion in sales in the U.S. alone.

The untapped opportunity for insurers is to connect voice and other digital initiatives with the rest of their marketing efforts rather than treating them as siloed experiments. Seizing this opportunity requires that companies have access to accurate, actionable and timely data that allows them to deliver an optimal experience no matter how a prospect or customer chooses to communicate with their brand.

The Voice Opportunity Takes a Holistic Strategy

A holistic voice strategy involves recognizing the strengths and limitations of AI: voice apps will supplement rather than replace one-on-one conversations between customers and agents, making it easy for customers to seamlessly move from speaking to a voice assistant to an agent. It also involves leveraging voice as a rich source of data and using these insights to optimize other digital investments, personalize customer experiences, improve conversions and drive revenue. The integration between Invoca and Adobe Experience Cloud makes it possible for marketers to bring call attribution and analytics into Adobe to measure complete marketing ROI, lower acquisition costs, and drive more revenue. Specifically, pulling Invoca data like whether a product was mentioned or a purchase was made during a phone call into Adobe Analytics helps marketers achieve the following:

  • Route phone calls to appropriate sales agent based on which website landing page they called from
  • Retarget consumers who converted over the phone with upsell ads
  • Customize the landing page to show product mentioned on the phone call

Invoca used with Adobe for Insurance Industry

We’ve entered a new era of customer communication. Insurance companies, in particular, have a great deal to gain from creating digital experiences that account for today’s reality: people are using their voices to communicate with brands both through voice assistants and conversations with agents, who are in the business of relationship-building. Conversations between people are central to building trust and emotional connection. Voice-controlled AI is not quite there, and I don’t know if it ever will be. So, while it’s smart for brands to experiment with and invest in voice experiences, they must be ready to pick up the conversation where voice assistants leave off.

This article was originally published at the Adobe blog

Laura Schierberl

Posted by Laura Schierberl

Laura Schierberl is director of content marketing and communications at Invoca. Prior to that she held positions at Oracle, Responsys and Hill & Knowlton where she honed her skills in all things PR, content and social media. Laura earned a B.A. in Spanish and Communications at Wake Forest University. Fun facts: she loves crime TV shows and her labrador has dabbled in modeling.

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