Entertainment > Community

LIVE INSURANCE BY MAPFRE

MAPFRE, Madrid / MAPFRE / 2024

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Overview

Credits

OVERVIEW

Why is this work relevant for Entertainment?

Plumbers, tow truck drivers, and first responders all become content creators for insurance company MAPFRE alongside influencers broadcasting rescues in real time. A live content that captured the day-to-day operations of MAPFRE 24/7 across Spain and was recorded with bodycams and GoPros attached to the company’s workers and vehicles. Raw. Unfiltered. Unedited. The campaign managed to upend a category dominated by gimmicky ads and price messages to highlight MAPFRE’s competitive advantage from the point of view of its own workers.

Please provide any cultural context that would help the Jury understand any cultural, national or regional nuances applicable to this work.

This campaign breaks with conventional paradigms by involving content creators in the insurance category, recognizing their relevance and potential as authentic influencers in an area that traditionally has not been explored. While their presence in sectors such as fashion, beauty, music, and sports is commonly accepted, this campaign positions them not only as brand ambassadors but as authentic endorsers of the service.

They bring MAPFRE's potential and service closer to users by showing everyday scenarios in which we can all be involved, thus highlighting the importance and value of the service offered, while also fostering greater empathy and emotional connection with an increasingly diverse and demanding audience.

Background

-Starting point: a highly complicated competitive landscape, with a category that is very unattractive to the public, saturated with very similar messages and strongly linked to price.

-Challenge: Creating brand preference, differentiating ourselves from the competition, mainly focused on winning in a price war, putting forward what has been MAPFRE's boldest business bet in recent years, being the insurer that bets on the quality and excellence of its service.

-Objectives:

1.Achieve the best investment/mentions ratio.

2.Win in notoriety compared to previous campaigns.

3.Increase perceived quality to achieve differentiation from competitors.

4.Increase consideration and effectiveness in the ratio between notoriety and purchase intent.

5.Increase the number of quotes, CPT, Policies, and CPA.

6.Increase Google Searches (indicator of purchase intent).

Describe the strategy & insight

Using Behavioral Economics, we discovered that each of us prefers immediate gratification over long-term benefits. That's why it's hard for us to pay today for a potential benefit to be received in the future (insurance) and that we may never see (and frankly, don't want to see). Thus, the strategy was designed around the idea of providing immediate gratification at the time of purchasing insurance, something never done before. In other words, if the moment we

purchase insurance coincided with the moment we truly need it, we wouldn't hesitate to contract the services of the best insurer in the market. And that's where MAPFRE is the strongest brand and where it manages to differentiate itself, as it has the best customer service, the widest reach, the most comprehensive offer, and is perceived as the most trustworthy insurer.1

Thus, the strategic platform "The Moment of Truth" was born.

1 INESE

Describe the creative idea

Rescuing a man trapped in his car during a snowstorm is one thing; doing it live and showing it to an entire country is quite another. That's how MAPFRE's Live Insurance campaign has managed to change a category known for its gimmicky ads and price-focused messages. Real, raw, unedited content, recorded with bodycams and GoPros anchored in their vehicles, was broadcasted on social media feeds, digital OOH, direct TV, and traditional banners. Additionally, with the special collaboration of influencers and content creators doing live streams from the locations of the assists.

That's how Spain's most trusted insurer showcased its competitive advantage to the whole country. Demonstrating that MAPFRE does show up when you need them. Would your insurance dare to do this?

Describe the craft & execution

How to record rescues at any time of day and night, seven days a week, across the entire Spanish geography? By using hundreds of bodycams and GoPros on MAPFRE's workers. Plumbers, crane operators, electricians, for the first time, became camera operators. They were also accompanied by recording teams made up of reporters and TV reality producers, following every rescue. A production coordinated with MAPFRE's specialized teams in various disciplines, including truck assistance units, motorcycles, urban areas, high mountains, floods, fires... Over 300 hours of live content broadcasted on digital outdoor screens, social media, and other formats. Additionally, we launched a documentary showing the effort of all those heroes dedicated 24/7 to help us in the most difficult situations. Content without filters, without fiction, all real, showing MAPFRE’s humanity. All to demonstrate that not all insurance companies are the same.

Describe the results

1. Most effective brand in the Mention/Cost per mention ratio (+450% vs Línea Directa and +400% vs Mutua Madrileña)1.

2. +55% in number of mentions vs. 2022 Generic campaign. 2

3. +5pp perception of MAPFRE's quality, doubling the results of its competitors. 3

4. +2.6pp in consideration vs. the beginning of the year, leading consideration vs. competitors. 4

5. +131% in policy volume vs Generic 2022 campaign with a lower CPA (-49%).5

6. +29% brand searches vs Generic 2022. In addition, it continues to grow year-on-year in searches (+10%) vs. the average of its main competitors (+1.69%).

These results have contributed to MAPFRE's 9% growth in the last year, to over 3,500 million euros, and it was recently recognised as the tenth Spanish company with the highest brand value.6

Sources:

1,2 IOPE Total Menciones individuos +25-65 AM, MM, MB. Primer trimestre 2023

3,4 YouGov, 2023

5 MAPFRE

6 Brand Finance

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