Reputation Management: as the Basis for Sustainable Customer Relationships in the Insurance Industry

by Frank Gerwald

Overview

The establishment of a good reputation often takes many years, but it can also be permanently destroyed in just a few minutes. The aim of this research is to identify and prioritize factors that determine the reputation of insurance companies in Germany and Slovakia. To ensure that reputation measures taken by the insurer lead to successful results and to model possible courses of action, the perspectives of both the companies and the customers are examined. After gaining an overview of the state of the problem through a systematic literature search, the perspective of the insurers was examined. For this purpose, twelve semistructured expert interviews were conducted with executives from the insurance industry, which were evaluated qualitatively. Subsequently, the perspective of customers was examined by means of an online survey, which was answered by 224 insurance customers in Germany and Slovakia. The most important factors for the formation of a positive reputation were identified as the speed of feedback and processing, as well as well-trained and motivated staff. Based on the results of the study, a 10-point plan was developed, which provides insurers with a basis for reputation management to eliminate possible reputation risks in advance and prevent reputational loss. With a bilingual abstract in German and English.

Product Details

ISBN-13:	9783945484302
Publisher:	MCDP International UG
Publication date:	08/29/2024
Series:	neowiss
Sold by:	Libreka GmbH
Format:	eBook
Pages:	146
File size:	5 MB
Age Range:	16 - 18 Years

About the Author

Frank Gerwald, PhD. arbeitet seit mehr als 15 Jahren in der Versicherungsbranche. Der gelernte Groß- und Außenhandelskaufmann erweiterte sein Versicherungswissen durch die Weiterbildung zum Fachwirt für Versicherungen und Finanzen. Nach den Abschlüssen der Studiengänge Business Administration und Sales Management an der FOM in Düsseldorf schloss er 2023 erfolgreiche seine Promotion an der Wirtschaftsuniversität in Bratislava ab. Derzeit ist Frank Gerwald als Fachabteilungsleiter in einem deutschen Versicherungskonzern tätig. Als Projektleiter begleitet er zusätzlich Themen der Digitalisierung innerhalb der Bestandbearbeitung und ist Teil des firmeninternen AI-Thinktanks.
Frank Gerwald, PhD. has been working in the insurance industry for more than 15 years. The trained wholesale and foreign trade merchant expanded his insurance knowledge through further training as a specialist in insurance and finance. After graduating from the Business Administration and Sales Management courses at the FOM in Düsseldorf, he successfully completed his doctorate at the University of Economics in Bratislava in 2023. Frank Gerwald currently works as a department head in a German insurance group. As a project manager, he also supports digitalization topics within policy processing and is part of the company's internal AI thinktank.