Based in Oud Metha, Dubai, the company offers a wide range of insurance services, from medical and personal insurance to vehicle and liability coverage. Savington serves a diverse client base, including students and global businesses, through customized insurance solutions.
FRONT OFFICE UPSHIFTS
Upshift No. 1 - CRM Upgrade: In August, Savington rolled out a new and improved version of its CRM system, aiming to make its workflows smoother and boost customer engagement. The operations team, led by Safwan Faizal, successfully integrated the old system with this upgraded CRM tool. Thanks to this upgrade, the company has seen a 21% jump in customer interactions, largely due to more personalized outreach efforts. Customer satisfaction also climbed from 75% to 85%, and churn has reduced by 31%, giving a much brighter long-term revenue outlook. Dev Maitra, the Founder and MD of the company, remarks: “We’ve seen a brighter long-term revenue outlook due to more personalized outreach efforts.”
Upshift No. 2 - Predictive Modelling Strategy: In early April, Savington launched a ‘Predictive Modelling Strategy’ that helps forecast when current customers might upgrade or buy more coverage. By using advanced analytics and studying customer behavior and market trends, it could target its marketing efforts more effectively. Under the leadership of Thasneem Ahmed, the sales team was trained to leverage these data-driven insights. This initiative led to a strong uptick in new client acquisitions during the Q1, boosting quarterly revenue by 15% yoy and improving the market position.
Diese Geschichte stammt aus der November 2024-Ausgabe von Banking Frontiers.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 2024-Ausgabe von Banking Frontiers.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.