123: CXPA Live, Regulated Industry Challenges

In the fourth and last episode in a series of live reports from the CXPA Insight Exchange, Jeannie and Adam explore the challenges of improving customer experience around industry regulations. Industry regulations are no excuse! Companies in heavily-regulated industries like airlines, banks and insurance agencies have to make sure everything’s up to code and in compliance. (And with good reason!) But strict regulations often give rise to interactions that seem impossible to work into customer-focused experiences. Forward-thinking companies are rejecting the notion that experiences bound to legalities concerning safety, liability, and ethical codes don’t count when it comes to creating a better overall experience. With help from customer experience professionals, companies like Virgin, Capital One and Humana have found clever ways to add a human touch to the regulated parts of their experiences. They’re winning customers over by adding delight in places previously considered too risky to get creative with. What parts of your customer journey do you think are “off limits” for improvement due to industry regulations? Another look at them can reveal huge opportunities to set yourself apart from competitors. Related Content Customers That Stick® post, A 3-Point Checklist for Reducing Customer Hassle           360Connext® post, 4 Ways to Prevent Lawsuits Through Customer Experience Insights Episode 117: CXPA Live, The Voice of the Customer Episode 119: CXPA Live, Predictive Analytics Episode 121: CXPA Live, Healthcare Experience Observations Sponsor message: Give your team the customer service training they deserve Want to bring game-changing customer service training to your team? CTS Service Solutions offers a half-day in-person workshop designed to motivate and educate your customer-facing team members. Using energy, excitement, and interaction, our workshop helps frontline teams embrace a customer-centric outlook, then — using the principles from our book Be Your Customer’s Hero — gives them the skills and confidence they need to handle any service interaction. Don’t leave your frontline team hanging… Give them the training they deserve. Learn more at customerheroworkshop.com.   Take care of yourself and take care of your customers. Learn more about your ad choices. Visit megaphone.fm/adchoices