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Re-envisioning the appeal of the mutual sector to consumers
Bob AndrewsChief Executive Officer
17/10/2018
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Benenden Health’s Heritage
17/10/2018 Benenden 2018 2
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Creating a healthcare category of our own. Our latest & current re-invention
Benenden Health. The affordable alterative to health insurance • Disrupting the healthcare market with a new proposition, creating a category of our own and becoming a challenger
brand
• Need to let consumers know that an affordable alternative exists and that Benenden Health offers it
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But…..85% of people already have a healthcare brand in mind when they come into
market
We want to own more of that 85% and become a household
brand
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Repositioning one of the oldest mutuals
• Opportunity to be ‘new’ again
• Re-launch a savvy approach to private healthcare services and a credible and affordable alternative to PMI
• Reset the Benenden Health brand as fresh, revitalised, modern, relevant and accessible healthcare with mass appeal
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Relaunching as a modern day mutual
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The emotional brand factors of mutuality
• Used the commercial ‘hook’ of affordability to capture interest initially
• More than ever trust, reputation and experience are influencing purchase decisions for the core 45+ audience
• Mutuality is still a big business for us and remains our core purpose today – existing for the sole benefit of our members
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Scale800,000+ members
Heritage113 years of healthcare provision
Member Advocacy4 out of 5 would
recommend
Mutuality‘People powered
healthcare’
Award WinningMoneywise
Benenden Hospital Outstanding CQC
rating
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Modern Day Mutual – Social Media
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Our suite of employer guides
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Nov 2017 April 2018 June 2018 October 2018
Modern Day Mutual – Thought Leader
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What’s next for Benenden Health
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1 million members
Extending our product portfolio
Owning our own events
Heightened brand
awareness
“Together we improve the nations health”
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Questions?
17/10/2018