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Client retention

Context

The financial crisis severely harmed customer trust and loyalty. Financial institutions are struggling to ensure customer loyalty and client satisfaction in a profitable way. Many players rethink their sales & marketing strategy and re-invigorate their proposition, both in product terms, service and in distribution.

Risks and challenges

  • How to build service and offerings attuned to newly found customers? How to keep focus on client acquisition?
  • What is your time to market compared to competitors to take advantage of quickly changing market perceptions and to restructure themes like financial planning, etc.?
  • How will you measure the success of your customer loyalty programs?
  • How will you integrate and act on the voice of the customer?

How Deloitte can help

Deloitte accompanies financial institutions in their transformation projects and their continuous drive towards increased performance in all areas.

We help to design and implement organizations, processes and systems that are aligned with the overall service strategy, such as new distribution models, optimization for new client relationships / proposed products-services, commercial efficiency of branches and non bricks activities.

Focus on ...

  • Managing customers in a downturn
    Target short-term revenue or long-term growth?
  • It’s time to make the call
    Taking control in turbulent times
  • Shaping the customer experience
    Key to expanding term insurance opportunities

Related links

  • Insuring the catalyst-customer
    Generation Y and the insurance industry
  • Evolving models of retail banking distribution
    Capitalizing on changes in channel usage

Learn more

  • Deeper distrust between the public and the financial services industry; Belgian banking industry needs to rebuild trust
    Financial institutions suffer from a lack of trust and satisfaction, especially Belgium’s Big Four banks
  • Insurance marketing in the digital age
    How can carriers better cultivate their databases to develop new revenue and cross-pollinate their business
  • Mobile-Banking
    Can elephants and hippos tango?
  • Reconnecting for profit
    Strategies for building sustainable profits in wealth management
  • There is a future for the bank branches
    A study from Deloitte Belgium and Vlerick Leuven Gent Management School