Maryland Insurance Regulators Set Up Facebook Page to Help Consumers

Maryland residents with questions about insurance now can follow the Maryland Insurance Administration on Facebook to find useful tips from the state regulatory agency. The site includes a listing of events across the state where agency representatives will visit to answer consumers’ questions. Residents also can view videos and find links to timely consumer tips.

“A key aspect of the Maryland Insurance Administration’s mission involves educating the residents of our state about the choices available to them as consumers of insurance products,” says Maryland Insurance Commissioner Therese Goldsmith. “Facebook is a great way to get our message out to Maryland residents. The more informed consumers are, the better equipped they are to make purchasing decisions that are right for them.” The site can be viewed by anyone with an Internet connection, including those who do not have Facebook accounts.

Intuit Adds a Fully Integrated Facebook Sales Platform

eCommerce is big—all of us, except for the most paranoid, have bought and most likely sold online. Many businesses are using Facebook to reach new customers and/or engage current customers. When it comes time to make the sale, many businesses send their customers outside of Facebook to their shopping cart or other online sales system.

Intuit has launched a Facebook app that lets you sell 100% on Facebook with no need for a customer to click out of Facebook to purchase your product. Intuit’s Facebook app is called SimpleStore. Once you install this app on your business page, according to Intuit’s blog post, SimpleStore will find your business page and ask your permission to install Intuit’s app to create your store on Facebook. It creates the Store tab and your SimpleStore shows up immediately. From now on, any changes you make to your product catalog are automatically and immediately reflected on both your website and Facebook.

Whether you like it or not, consumers will purchase products and services the way they want. What is your agency doing to capture and engage the online consumer? And, what are your vendors doing to support you in this process?

GEICO Facebook App Opens Access GEICO Policies

GEICO has launched a new Facebook app called GEICO Shortcuts. It gives GEICO policyholders access to their insurance information using the functionality of their Facebook account. “Facebook’s dramatic growth has significantly changed the way people consume information,” said Steve Smith, GEICO assistant vice president for information technology. “We’ve created an app that makes it easier for customers to get access to GEICO within the Facebook environment.”

GEICO Shortcuts

Some features of the GEICO Shortcuts app include: ability to pay your bill, retrieve your ID cards, get GEICO privileges deals, rate caveman photo crasher photos, and unlock tokens by performing certain tasks within the Facebook app.

What is your agency doing to communicate and interact with your policyholders on platforms like Facebook?

GEICO Shortcuts

Social Friendships an Illusion?

In any conversation about the use of social networking sites, someone inevitably questions whether these technologies actually separate people from the real world, and only provide them with the illusion of connection. According to a recent study by the Pew Internet and American Life Project, that’s not actually the case.

social friends

social friendsThe study asked 2,255 Americans about their social networking habits. The answers challenge beliefs held by some. Facebook users actually have more close relationships than non-users, and are more trusting, more politically engaged, and get more social support than other Internet users.

According to Pew, of the 79% of American adults using the Internet, nearly half (47%) use at least one social networking website. Ninety-two percent of these social networking users are on Facebook, 29% on MySpace, 18% are on LinkedIn, and 13% use Twitter.

Facebook and Twitter have the most engaged participants, with 52% and 33% of users logging on daily, respectively, compared with 7% who visit MySpace daily and 6% who do the same on LinkedIn.

On Facebook in particular, participation, as opposed to passive consumption, appears to be a common trend. Fifteen percent of users update their status on an average day, 22% comment on another’s post or status, 20% comment on others’ photos, 26% “like” another user’s content and 10% send a private message to a friend.

This daily use and engagement leads to generally positive feelings among Facebook users, specifically, in how they perceive their relationships with others and the world around them. Facebook users who use the site multiple times per day are 43% more likely than other Internet users to be trusting of others—that is, they feel that most people can be trusted.

Regular Facebook users are also, on average, 9% more close to their friends than other Internet users. And they score higher when it comes to social support than other online users. Pew says they are 5 points higher in total support, 5 points higher in emotional support and 5 points higher in companionship than Internet users with similar demographics.

The study also showed a general increase in the use of social networking services to stay in touch with close friends. In 2008, only 29% of users said they had friended all of their core “confidants.” Today, that number is 40%.

Users tend to revive their “dormant” relationships (high school friend requests, anyone?), and these connections can become important sources of information, even though they’re not active relationships.

Finally, Facebook users are more engaged with politics, no doubt thanks to the numerous political conversations that occur online via status updates and political cause pages.

This study shows, says Pew, that there is little validity to claims that people who use social networking sites have smaller social networks, less closeness with others, or are exposed to less diversity. In other words, your Facebook friends are real friends because Facebook allows you to mirror your offline connections via the Internet; it does not isolate you from them. It may even enable you to have more close ties, if you are a frequent Facebook user.

Time on Facebook Exceeds Google

comscore-chart
Americans spent more time socializing on Facebook than searching with Google for the first time in August, and Yahoo edged out the search giant in monthly traffic, according to recent data from marketing research firm comScore.

Users spent 41.1 billion minutes on Facebook in August, 39.8 billion minutes on Google, and 37.7 billion on Yahoo. Yahoo beat out Google in monthly traffic, with 179 million unique visitors to Google’s 178.8 million. Microsoft came in third with 165.3 million.

When looking at these numbers, it is important to understand that Google is a gateway to the Web. People go to Google to be directed to someplace else, hopefully in milliseconds. On the other hand, Facebook and Yahoo want you to linger on their sites for hours, reading the news, liking things, and generating ad impressions.

The other consideration is that users can only increase the amount of time they spend on these sites by spending more total time online. At some point, however, total time spent online will flatten. When that happens, time spent on one site will come as a result of less time spent somewhere else. That’s when the competition will really get fierce.