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Challenge

Leading US-based health insurance company wanted to assess the effectiveness of its advertising for raising brand awareness, changing brand perceptions, and for acquiring new members.

Approach

  • Measured overall impact of advertising and of the various campaigns
  • Identified relative importance/prioritization of advertising campaigns
  • Measured interaction effects of different advertising vehicles
  • Established linkages to determine how advertising leads to ad awareness, brand awareness and sales
  • Developed a mixed Regression model to quantify the impact of each advertising campaign
  • Utilized path analysis to link advertising to sales through ad and brand Awareness
  • Interaction terms between different promotional variables included to study interactions
  • Advertisement of other products included to study Halo Effects

Result

The project deliverables to the client included:

  • Network strength was the biggest driver of quotes and closes
  • All promotion vehicles contributed to both quotes and closes
  • Perception of both price and product strength appeared to have an incremental impact on sales
 
 
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