The Role of Special Data in Smart Cities

[mdabuhasan]

So why do insurance companies insist on using the seemingly inefficient method of cold calling? The answer is simple: the law of large numbers. Although the success rate is low, as long as you keep making calls, you will always gain something. It's like buying a lottery ticket. Although the chance of winning is slim, as long as you keep buying, you will eventually win. For insurance companies, even if only a handful of calls turn into policies, this approach is still worthwhile given the high value of the insurance product.

Why is Cold Call getting harder and harder to do?
However, cold call sales of insurance policies also face many challenges. The first is the legal and moral boundaries. In Hong Kong, telemarketing is strictly regulated and inappropriate practices may violate the law. The second is customer resentment. No one likes to receive cold calls rich people database during a busy time, and this can reflect negatively on the insurance company. Furthermore, complex insurance product details cannot be displayed over the phone, which can easily lead to misunderstandings. It's like describing a painting through a wall, making it difficult for the other party to truly understand and appreciate it.

Afraid of being hard sold? It’s better to buy online yourself
Faced with these challenges, more and more people are turning to the emerging online self-insurance model. On the online platform, customers can freely browse various insurance products, carefully understand and compare different plans, and make choices based on their needs. No pressure to sell, no time constraints, everything is under control. This free, flexible and transparent model is particularly favored by the new generation of consumers. They can apply for insurance anytime, anywhere, at midnight or early in the morning, on the couch at home or in a coffee shop. Not only does this increase efficiency, it also makes the entire insurance process more enjoyable and stress-free. After all, in this