Erie Insurance is an American multi-line insurance company, offering auto, home, commercial and life insurance through a network of independent insurance agents. As of 2014, Erie Insurance Group is ranked among the 500 largest U.S. companies, in terms of revenue, by Fortune magazine.
Its geographic presence extends to 12 U.S. states and the District of Columbia, including Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin. It also owns the naming rights to the Erie Insurance Arena in downtown Erie, Pennsylvania.
|Products||Property, Casualty and Life Insurance|
|Headquarters||Erie, Pennsylvania, United States|
|Key people||Timothy G. NeCastro (CEO)|
|Traded as||NASDAQ: ERIE|
NPS is a customer loyalty metric that measures customers’ willingness to not only return for another purchase or service but also make a recommendation to their family, friends or colleagues.
It is a powerful and effective technique, which can greatly increase a company's revenue if used properly.
The main advantages of NPS are close correlation with a company's growth and easy collection, interpretation and communication of the data.
Yes, it is.
Net Promoter Score is a number from -100 from 100.
Scores higher than 0 are typically considered to be good and scores above 50 are considered to be excellent.
The industry average for Insurance: Property and Casualty (Stock) is 0.
The final Net Promoter Score of a company strongly depends on a context in which the satisfaction is measured.
Consider an example: If Erie Insurance Group sends out NPS surveys immediately after purchase, they are tracking their customers' initial excitement and the checkout experience.
On the other hand, if they survey their customers a few weeks after the purchase they are also tracking how satisfied their customers are with their products and services over time.
Therefore, comparing the NPS score of Erie Insurance Group with your own without any further context is not that useful.
What is extremely useful though, is using the NPS methodology to track the satisfaction of your customers over time. That's where Customer.guru comes in.
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We have estimated the Net Promoter Score of Erie Insurance Group based on the publicly available information
including the sentiment of the company-related tweets, 3rd party reviews, and Alexa ratings.