AGENCYMATE is powered by CoTé Software & Solutions, an Australian technology company that provides enterprise experience management (EXM) SaaS cloud solutions, that was looking to expand into the U.S market with a new product launch. CoTé found a need in the U.S. insurance market to digitally transform both the customer and agency experience with a next generation Agency Management Solution comprising of lead management, automated policy management, omnichannel communications and robust compliant capabilities to meet state and federal laws. Unlike Australian clients, where target buyers held technology-focused roles, with the expansion into the U.S, prospects held business roles, requiring a shift in product messaging and positioning purely targeting the Agency community.
Identifying the gap in the Insurance market
CoTé was expanding globally and needed to position its value into the U.S. market, where audiences were unaware of the brand. The strategic decision was to focus on insurance as the key vertical to branch into the U.S.
Key priorities included:
- Market expansion, where CoTé identified and validated a gap for fully automated and integrated Agency Management Solutions, now branded AGENCYMATE
- Pricing, packaging and product roadmap for its AGENCYMATE product
- AGENCYMATE product launch
- Positioning and brand management strategies
- Customer acquisition and frame solutions around customers’ needs
- Leveraging CoTé’s existing customer experience management (CXM) platform to build applications for B2B and B2C journey to deliver exceptional experiences
- Accelerating insurance digital transformation
How Gartner helped
Gartner is a $4.1 billion company and a member of the S&P 500 with over 40 years providing insights and expert guidance to clients enterprises worldwide. CoTé partnered with Gartner to advise CoTé towards the expansion of AGENCYMATE in the US.
Gartner experts provided insight and toolkits to help the entire positioning and product launch process in the new market, including:
- Expansion. New market insight and entry validation from expert analysts.
- Pricing. Feedback on pricing structures, including a consumption pricing model incorporating costs and margins.
- Positioning. Elevator pitch development based on business drivers, focusing on the compelling needs of the target audience.
- Brand. Message testing of stronger tone of voice for the U.S. audience.
Collateral. Brochureware. - Product launch. Go-to-market frameworks, toolkits, templates for successful product launch based on key research.
- Customer service. Onboarding optimization and customer service support research and roadmaps.
- Sales enablement tools. Utilizing the Gartner research library.
Business impact
With Gartner guidance, CoTé achieved:
- An all-in-one cloud AMS platform to enable agencies or brokers to deliver leads to sales to service across the entire customer journey
- Pricing structures aligned with new market and industry expectations
- An overarching elevator pitch with compelling reasons to buy
- Corporate marketing collateral with clear messaging of the unique value proposition
- Intuitive online customer onboarding experience
- Tangible results, including reduction of procedural implementation time, increased speed-to-market launch date and simplified sales strategy targets
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