Blog

Insurance Companies Tweet the Most, Study Finds

Joe McKendrick
Insurance Experts' Forum, March 10, 2010

A new study on social networking has just been released that shows the insurance industry leads in the use of Twitter.

The study, which covers the Fortune 500 companies, was compiled and published by Nora Ganim Barnes at the University of Massachusetts Dartmouth and Eric Mattson of Financial Insite. Overall, the results show that large organizations lag in blogging but are effectively leveraging Twitter as a communications strategy.

As mentioned above, insurance is the most Twitter-savvy group of all. The average large insurance company has 13 Twitter accounts, Barnes and Mattson found. The closest runners-up were food production with 11 accounts on average and computers with 10. Companies in this category include Allstate, TIAA-CREF, Liberty Mutual Insurance Group, Northwestern Mutual and Hartford Financial, they report. Interestingly, of the insurance companies in the Fortune 500, only five have full-length corporate blogs.

Why is insurance—often regarded as highly conservative when it comes to new technologies—ahead of the pack in micro-blogging Twitter? Insurance companies need to engage customers at multiple stages, and therefore are likely to require more communications touch points. Different parts of insurance companies have different pieces of the business they need to address—underwriting, policy administration and claims are three different areas a customer is likely to come into contact with. Twitter fits the bill for this kind of interaction.

Joe McKendrick is an author, consultant, blogger and frequent INN contributor specializing in information technology.

Readers are encouraged to respond to Joe using the “Add Your Comments” box below. He can also be reached at joe@mckendrickresearch.com.

This blog was exclusively written for Insurance Networking News. It may not be reposted or reused without permission from Insurance Networking News.

The opinions of bloggers on www.insurancenetworking.com do not necessarily reflect those of Insurance Networking News.

Comments (2)

Hi Joe. Thanks for posting about our new study on the Fortune 500. We just wanted to clarify one thing. The numbers you cite are the numbers of those companies, classified as insurance companies (or otherwise) on the 2009 F500 list, having a public facing corporate blog. We did not look at how many additional blogs they might have. On the list, 13 insurance companies had corporate blogs. We appreciate you sharing our work.
Nora and Eric

Posted by: nora b | March 11, 2010 5:39 AM

Report this Comment


Can you provide a link or source for the study? Thanks!

Posted by: Lynn W | March 10, 2010 6:18 PM

Report this Comment

Add Your Comments...

Already Registered?

If you have already registered to Insurance Networking News, please use the form below to login. When completed you will immeditely be directed to post a comment.

Forgot your password?

Not Registered?

You must be registered to post a comment. Click here to register.

Blog Archive

It’s Okay to Take a Breather from the Technology Maelstrom

Even in technology, good things may take time.

Customers for Life

Insurers once had a monopoly on lifetime customers, but technology has changed the game.

Smarter Tablet Use Could Transform Insurance

By reducing administrative tasks and automating paperwork, tablets can increase agentsí selling time and help them respond to customers in seconds, not hours.

Insurance Wake-Up Call: Embrace the Shared Economy Opportunities

SMA believes that insurers must embrace a "shared economy," crowdsourcing and open innovation to get ahead in the new marketplace.

The Lion and the Mouse: Start-ups Pitch to Top Insurer

Insurers should be on the lookout for innovative partnership arrangements that produce unique and valuable solutions.

Silicon Valley Ventures

A trip to area hotbed of technological innovation calls into question the potential viability of insurers' legacy systems, operations and processes.