Balto > 实例探究 > How Balto is Changing Insurance Conversations

How Balto is Changing Insurance Conversations

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公司规模
1,000+
地区
  • America
国家
  • United States
产品
  • Balto
技术栈
  • Not mentioned
实施规模
  • Departmental Deployment
影响指标
  • Productivity Improvements
  • Revenue Growth
技术
  • 应用基础设施与中间件 - API 集成与管理
适用行业
  • 医疗保健和医院
适用功能
  • 销售与市场营销
关于客户
The customer is one of the largest health insurance companies in the United States. The company has a large number of agents who interact with potential customers on a daily basis. The company's main goal is to improve their close rate, which is the percentage of potential customers who end up purchasing their insurance products. To achieve this, they are always on the lookout for innovative solutions that can help their agents perform better and close more deals.
挑战
One of the largest health insurance companies in the country was looking for ways to improve their close rate. They decided to conduct a one-month long A/B study with 90 of their agents to test the effectiveness of Balto, a real-time guidance platform. The study aimed to compare the quote rate and the close rate between 45 Non-Balto users and 45 Balto users. The company wanted to validate the claim that Balto could significantly enhance the agent’s close rate.
解决方案
The company decided to implement Balto, a real-time guidance platform, to help improve their close rate. They conducted a one-month long A/B study with 90 of their agents. Half of these agents used Balto while the other half did not. The study aimed to compare the quote rate and the close rate between the two groups. Balto's real-time guidance was expected to provide the agents with the necessary tools and information to close deals more effectively.
运营影响
  • The implementation of Balto resulted in a significant improvement in the company's close rate. The agents who used Balto had a 71% higher quote rate and a 132% higher close rate than those who did not use the platform. Furthermore, the ramp time for new agents decreased significantly. New agents in the Balto group had a 47x higher close rate than new agents in the Non-Balto group. The company was so impressed with the results that they expanded the use of Balto to hundreds of their agents.
数量效益
  • 71% higher quote rate for Balto users
  • 132% higher close rate for Balto users
  • 47x higher close rate among new hires using Balto

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