Customer satisfaction with service delivery in the life insurance industry:an empirical study

Consumers purchase life insurance for financial security during times of hardship. The present research examines the effects of service quality on customer satisfaction with service delivery in the life insurance industry. A quantitative research method is used to achieve the research objective. On...

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Main Author: Norazah Mohd Suki
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2013
Online Access:http://journalarticle.ukm.my/6974/
http://journalarticle.ukm.my/6974/1/4616-10799-1-SM.pdf
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author Norazah Mohd Suki,
author_facet Norazah Mohd Suki,
author_sort Norazah Mohd Suki,
building UKM Institutional Repository
collection Online Access
description Consumers purchase life insurance for financial security during times of hardship. The present research examines the effects of service quality on customer satisfaction with service delivery in the life insurance industry. A quantitative research method is used to achieve the research objective. One hundred completed and usable self-administered surveys were received from respondents located in the Federal Territory of Labuan, Malaysia that have had a life insurance policy with an insurance company in Malaysia. The empirical results of the multiple regression analysis divulge that assurance, tangibility and empathy have a positive and significant relationship with customer satisfaction with service delivery in the life insurance industry. Customers are satisfied with the way the services are delivered. High levels of skill and experience among employees of a life insurance company and the dedication of agents provide customer confidence. Customer satisfaction is strengthened when agents possess outstanding communication skills and the customer is served in a pleasant atmosphere endowed with appealing physical facilities. As a result, customers are given individualized attention because the staffs understand the specific needs of their customers. Suggestions for future research are also proposed.
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spelling oai:generic.eprints.org:69742016-12-14T06:42:45Z http://journalarticle.ukm.my/6974/ Customer satisfaction with service delivery in the life insurance industry:an empirical study Norazah Mohd Suki, Consumers purchase life insurance for financial security during times of hardship. The present research examines the effects of service quality on customer satisfaction with service delivery in the life insurance industry. A quantitative research method is used to achieve the research objective. One hundred completed and usable self-administered surveys were received from respondents located in the Federal Territory of Labuan, Malaysia that have had a life insurance policy with an insurance company in Malaysia. The empirical results of the multiple regression analysis divulge that assurance, tangibility and empathy have a positive and significant relationship with customer satisfaction with service delivery in the life insurance industry. Customers are satisfied with the way the services are delivered. High levels of skill and experience among employees of a life insurance company and the dedication of agents provide customer confidence. Customer satisfaction is strengthened when agents possess outstanding communication skills and the customer is served in a pleasant atmosphere endowed with appealing physical facilities. As a result, customers are given individualized attention because the staffs understand the specific needs of their customers. Suggestions for future research are also proposed. Penerbit Universiti Kebangsaan Malaysia 2013 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/6974/1/4616-10799-1-SM.pdf Norazah Mohd Suki, (2013) Customer satisfaction with service delivery in the life insurance industry:an empirical study. Jurnal Pengurusan, 38 . pp. 101-109. ISSN 0127-2713 http://ejournal.ukm.my/pengurusan/index
spellingShingle Norazah Mohd Suki,
Customer satisfaction with service delivery in the life insurance industry:an empirical study
title Customer satisfaction with service delivery in the life insurance industry:an empirical study
title_full Customer satisfaction with service delivery in the life insurance industry:an empirical study
title_fullStr Customer satisfaction with service delivery in the life insurance industry:an empirical study
title_full_unstemmed Customer satisfaction with service delivery in the life insurance industry:an empirical study
title_short Customer satisfaction with service delivery in the life insurance industry:an empirical study
title_sort customer satisfaction with service delivery in the life insurance industry:an empirical study
url http://journalarticle.ukm.my/6974/
http://journalarticle.ukm.my/6974/
http://journalarticle.ukm.my/6974/1/4616-10799-1-SM.pdf