Poging GOUD - Vrij
Savington Upshifts: 48% Faster, Churn down 31%
Banking Frontiers
|November 2024
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.

Based in Oud Metha, Dubai, the company offers a wide range of insurance services, from medical and personal insurance to vehicle and liability coverage. Savington serves a diverse client base, including students and global businesses, through customized insurance solutions.
FRONT OFFICE UPSHIFTS
Upshift No. 1 - CRM Upgrade: In August, Savington rolled out a new and improved version of its CRM system, aiming to make its workflows smoother and boost customer engagement. The operations team, led by Safwan Faizal, successfully integrated the old system with this upgraded CRM tool. Thanks to this upgrade, the company has seen a 21% jump in customer interactions, largely due to more personalized outreach efforts. Customer satisfaction also climbed from 75% to 85%, and churn has reduced by 31%, giving a much brighter long-term revenue outlook. Dev Maitra, the Founder and MD of the company, remarks: “We’ve seen a brighter long-term revenue outlook due to more personalized outreach efforts.”
Upshift No. 2 - Predictive Modelling Strategy: In early April, Savington launched a ‘Predictive Modelling Strategy’ that helps forecast when current customers might upgrade or buy more coverage. By using advanced analytics and studying customer behavior and market trends, it could target its marketing efforts more effectively. Under the leadership of Thasneem Ahmed, the sales team was trained to leverage these data-driven insights. This initiative led to a strong uptick in new client acquisitions during the Q1, boosting quarterly revenue by 15% yoy and improving the market position.
Dit verhaal komt uit de November 2024-editie van Banking Frontiers.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Banking Frontiers
Banking Frontiers
Enhanced use of AI ensures optimal growth for banks
A recent Accenture study underlines the need for enterprises to go beyond the implementation of Al-based chatbots and make AI a part of their strategic bets:
4 mins
September 2025

Banking Frontiers
State Bank of India for New Branch Channel
For the Finnoviti 2025 Awards, State Bank of India filed a nomination for its largest CBS transformation program.
1 mins
September 2025

Banking Frontiers
It's imperative for banks to use PETS
A recent report by a global consultancy strongly recommends that Indian banks should make use of PETs, or Privacy-Enhancing Technologies:
3 mins
September 2025

Banking Frontiers
Aaya hoon toh kuch leke jaunga
Two things unlearned in 2024: Unlearning can be one of the most challenging aspects of life because what we've learned often stays with us. (i) However, one of the most important things I've unlearned is taking my health for granted. After facing significant health challenges, I've made a conscious effort to prioritize my well-being and gradually detoxify my lifestyle. (ii) Another key realization for me has been that there’s no age limit to learning. When I took on the role of CEO at ITI Mutual Fund, I had to step into a new world filled with fresh responsibilities and learning opportunities. As the saying goes, 'with great power comes great responsibility,' and I believe that to lead effectively, one must be committed to continuous learning and personal growth.
5 mins
September 2025

Banking Frontiers
Bank of Baroda for use of IT to accelerate Competence, Commitment & Culture
For the Finnoviti 2025 Awards, Bank of Baroda filed a nomination for use of IT to accelerate HR objectives.
1 mins
September 2025
Banking Frontiers
Airtel Payments Bank for Face Match
For the Finnoviti 2025 Awards, Airtel Payments Bank filed a nomination for AI/ML based face match for proactive fraud prevention.
1 mins
September 2025

Banking Frontiers
Canara Bank for Junior Savings Account
For the Finnoviti 2025 Awards, Canara Bank filed a nomination for its youth oriented junior savings account.
2 mins
September 2025

Banking Frontiers
HDFC Bank for Vigil Aunty Concept and Camapign
For the Finnoviti 2025 Awards, HDFC Bank filed a nomination for cyber fraud awareness & secure banking education.
2 mins
September 2025

Banking Frontiers
CMO's Festive Playbook: Schemes, Campaigns & AI
The annual festive season opens new doors for banks. MVS Murthy, Chief Marketing Officer at Federal Bank and Sujit Shakya, Sr. Dy. CEO at Nabil Bank, reveal their playbook for the 2025 festive season:
4 mins
September 2025

Banking Frontiers
State Bank of India for MPLADS e-Sakshi App
For the Finnoviti 2025 Awards, State Bank of India filed a nomination for its MPLADS e-Sakshi App.
1 min
September 2025
Listen
Translate
Change font size