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Episode 36

Abhishek Gupta is a seasoned Chief Marketing Officer with a proven track record in the Banking, Financial Services, and Insurance (BFSI) as well as the retailing industry.

1 hr | December 14, 2023

About the episode

Welcome to the 36th episode of The State of Retention Marketing podcast, hosted by Ankur Gattani, CGO at WebEngage. We’re super excited about this one because we’ve got Abhishek Gupta, CMO at Edelweiss Tokio Life Insurance, and guess what? They’re one of our awesome clients!

Abhishek spills the beans on the Indian insurance scene, talking about the big players and how the market share shakes out among the 27 insurance providers. Ankur also gets into the nitty-gritty with Abhishek, chatting about persistency ratio metrics in chapters 4 and 5 – a must-hear if you’re in the insurance game.

India’s a melting pot, right? Abhishek talks about the challenge of understanding and talking to different folks in different states. Edelweiss Tokio went all-in with a one-year study, digging into what makes Indians tick for a more personalized insurance approach. You won’t want to miss this part!

But that’s not all – Abhishek also shines a light on the unsung heroes of insurance: advisors and distributors. Get ready for some real talk on the lifetime value (LTV) of advisors with insurance companies and a bunch more.

So, grab your headphones and dive into this episode. It’s a rollercoaster ride through the insurance world with loads of insights and stories to keep you hooked.

Navigate through the chapters

02:26

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Unraveling the Odds: 26 to 1 in the Indian Insurance Frontier

06:09

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Edelweiss Tokio's Challenger Approach in Target Markets with Inherent Understanding

08:41

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Decoding the Significance of a Strong Persistency Ratio in Insurance

10:41

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Understanding the Reasons and Mechanisms Behind Customer Policy Attrition

14:31

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The Foundation of Insurance Retention through Relationship Management

19:21

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Advisor Assets: Unraveling the Long-Term Value and Business Impact in Insurance

25:10

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Advisors as Catalysts for Sustaining Customer Connection

33:24

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Edelweiss Tokio's Formula for Maintaining a Stellar Persistency Ratio

36:36

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Edelweiss Tokio's 'Animal' Study and the Art of Segmentation and Persona Mapping

46:11

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Edelweiss's Strategic Efforts and Muscles in Retaining Distributors and Advisors

56:47

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Exploring Distributor Types Through Demographic Lens

About the speaker

Abhishek Gupta

CMO at Edelweiss Tokio Life Insurance

Abhishek Gupta is a seasoned Chief Marketing Officer with a proven track record in the Banking, Financial Services, and Insurance (BFSI) as well as the retailing industry. Drawing upon a wealth of experience, he has consistently demonstrated strategic prowess and impactful leadership throughout his career. Currently serving as the Chief Marketing Officer at Edelweiss Tokio Life Insurance, Abhishek is at the forefront of shaping and executing innovative marketing strategies within the dynamic landscape of the insurance sector. His commitment to driving business growth, coupled with a deep understanding of consumer behavior, positions him as a key player in the intersection of marketing and finance. Abhishek Gupta’s journey reflects a continuous dedication to navigating the complexities of the BFSI and retail sectors, making him a valuable asset in driving brand success and customer engagement.

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