THE EFFECT OF CUSTOMER SERVICE STRATEGIES ON CUSTOMER LOYALTY: EVIDENCE FROM CIC INSURANCE GROUP- NAKURU COUNTY


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The aim of this study was to investigate the effect of customer service strategies on customer loyalty of insurance firms. The study specifically sought to establish the extent to which quality service, service bay ambience and technology support strategies affect loyalty of CIC insurance Group customers in Nakuru County. In order achieve the study objective, 15,487 customers in Nakuru and Naivasha branches formed the target population upon which a sample size of 222 respondents was drawn for the study using Nassiuma‟s formula. Data was collected by use of a pre tested structured questionnaire containing both open and close ended questions. Descriptive statistics (frequencies, percentages) and Chi-square test as well as inferential statistics (Pearson‟s Correlation and regression analysis) were used to analyze data. The findings of the study were presented using tables. The theories upon which this study was anchored include; relationship commitment model, conversion model and service quality model (SERVDUAL). The study revealed that when all the independent variables (Quality service strategy, Service bay ambience strategy and Technology support strategy) are combined; only explain 21.7% of the variations in customer loyalty in the insurance industry could be explained by the results of the study findings. The findings also revealed that quality service strategy had an insignificant effect on customer loyalty at 5% level of significance (β1=0.042; p=0.741). However, service bay ambience strategy (β2=0.253; p=0.019) and technology support strategy 3=0.534; p=0.000) respectively significantly influenced the loyalty of customers in the insurance industry.

THE EFFECT OF CUSTOMER SERVICE STRATEGIES ON CUSTOMER LOYALTY: EVIDENCE FROM CIC INSURANCE GROUP- NAKURU COUNTY
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

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Details

Type Project
Department Business Administration and Management
Project ID BAM3823
Fee ₦5,000 ($14)
No of Pages 85 Pages
Format Microsoft Word

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