Same Experts. New Name.
SeQuel Response and FM Engage are now Franklin Madison Direct. While our name has changed, everything else remains the same: our people, our process, and our passion for driving measurable results through direct marketing.
insurance services
This specialty insurer wanted to optimize a generic retention program that was targeting past customers on a one-size-fits all basis. Franklin Madison Direct launched a CRM strategy that segmented past customers based on customer RFM (recency, frequency, monetary) data. The communication timing, frequency and creative was then tested to optimize the program across customer segments to triple the insurer’s annual policies. In addition to the RFM campaign, FM Direct also built a nimble weekly mailing to retarget prospects who phoned the call center to receive a quote, but did not convert. The non-converter campaign now delivers the highest ROI of the insurer’s direct mail campaigns, generating $1.9M a year in top-line revenue.
The insurer’s retention program lacked personalization, using a generic approach that failed to effectively re-engage past customers.
FM Direct optimized retention efforts by using RFM data segmentation, tailoring communication frequency, and retargeting high-intent non-converting leads.
The strategy tripled annual policies, increased revenue per policy, and multiplied customer lifetime value.
insurance services
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