Skip to main content

Antecedents of Customer Satisfaction with Insurance Companies

  • Conference paper
Soft Computing in Management and Business Economics

Abstract

Customer satisfaction is viewed by many authors as one of the variables that have exercised the strongest influence on loyalty. The key objective of this study is to ascertain the variables that influence satisfaction that are specific to the insurance industry. It was deemed important to include, as satisfaction determinants in relation to insurance companies, service quality, perceived value, expertise and customer orientation of the personal contact, communication, reputation, and perceived justice. For this, we used the techniques of structural equation modeling and artificial neural networks, and we compare the two techniques in terms of results.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Anderson, J.C., Narus, J.A.: A model of the distributor’s perspective of distributor-manufacturer firm working partnerships. Journal of Marketing 48(4), 62–74 (1984)

    Article  Google Scholar 

  • Anderson, J.C., Narus, J.A.: A Model of Distributor Firm and Manufacturer Firm Working Partnerships. Journal of Marketing 54(1), 42–58 (1990)

    Article  Google Scholar 

  • Antón, C., Camarero, C., Carrero, M.: Analysing firms’ failures as determinants of consumer switching intentions. The effect of moderating factors. European Journal of Marketing 4(1/2), 135–158 (2007)

    Google Scholar 

  • Babakus, E., Yavas, U., Ashill, N.: The Role of Customer Orientation as a Moderator of the Job Demand-Burnout-Performance Relationship: A surface-Level Trait Perspective. Journal of Retailing 85(4), 480–492 (2009)

    Article  Google Scholar 

  • Bejou, D., Ennew, C.T., Palmer, A.: Trust, ethics, and relationship satisfaction. International Journal of Banking Marketing 16(4), 170–175 (1998)

    Article  Google Scholar 

  • Blodgett, J.G., Hill, D.J., Tax, S.S.: The Effects of Distributive, Procedural, and Interactional Justice on Postcomplaint Behavior. Journal of Retailing 73(2), 185–210 (1997)

    Article  Google Scholar 

  • Chebat, J.-C., Slusarzyk, W.: How emotions mediate the effects of perceived justice on loyalty in service recovery situations: an empirical study. Journal of Business Research 58(5), 664–673 (2005)

    Article  Google Scholar 

  • Chiou, J.-S., Droge, C.: Service Quality, Trust, Asset Investment, and Expertise: Direct and Indirect Effects in a Satisfaction-Loyalty Framework. Journal of the Academy of Marketing Science 34(4), 613–627 (2006)

    Article  Google Scholar 

  • Chiou, J.-S., Droge, C., Hanvanich, S.: Does Customer Knowledge Affect How Loyalty is Formed? Journal of Service Research 5(2), 113–124 (2002)

    Article  Google Scholar 

  • Ciavolino, E., Dahlgaard, J.J.: ECSI – Customer Satisfaction Modelling and Analysis: A Case Study. Total Quality Management 18(5), 545–554 (2007)

    Article  Google Scholar 

  • Colgate, M., Lang, B.: Positive and negative consequences of a relationship manager strategy: New Zealand banks and their small business customers. Journal of Business Research 58, 195–204 (2005)

    Article  Google Scholar 

  • Crosby, L., Stephens, N.: Effects of Relationship Marketing on Satisfaction, Retention, and Prices in the Life Assurance Industry. Journal of Marketing Research 24(4), 404–411 (1987)

    Article  Google Scholar 

  • Donavan, D.T., Brown, T.J., Mowen, J.C.: Internal Benefits of Service-Worker Customer Orientation: Job Satisfaction, Commitment, and Organizational Citizenship Behaviors. Journal of Marketing 68(1), 128–146 (2004)

    Article  Google Scholar 

  • Durvasula, S., Lysonski, S., Mehta, S., Tang, B.P.: Forging relationships with services: The antecedents that have an impact on behavioural outcomes in the life insurance industry. Journal of Financial Services Marketing 8(4), 314–326 (2004)

    Article  Google Scholar 

  • Ekinci, Y.: The validation of the generic service quality dimensions: an alternative approach. Journal of Retailing and Consumer Services 8(3), 311–324 (2001)

    Article  Google Scholar 

  • Ekinci, Y., Dawes, P.L., Massey, G.R.: An extended model of the antecedents and consequences of consumer satisfaction for hospitality services. European Journal of Marketing 42(1/2), 35–68 (2008)

    Article  Google Scholar 

  • Ekinci, Y., Prokopaki, P., Cobanoglu, C.: Service quality in Cretan Accomodations: marketing strategies for the UK holiday market. International Journal of Hospitality Management 22(1), 47–66 (2003)

    Article  Google Scholar 

  • Flaherty, K.E., Moewn, J., Brown, T.J., Marshall, G.W.: Leadership propensity and sales performance among sales personnel and managers in a specialty retail store setting. Journal of Personal Selling & Sales Management 29(1), 43–59 (2009)

    Article  Google Scholar 

  • Ganesan: Determinants of Long-Term Orientation in Buyer-Seller Relationships. Journal of Marketing 58(2), 1–19 (1994)

    Article  Google Scholar 

  • Gremler, D., Gwinner, K.P.: Customer-Employee Rapport in Service Relationships. Journal of Service Research 3(1), 82–104 (2000)

    Article  Google Scholar 

  • Gundersen, M.G., Heide, M., Olsson, U.H.: Hotel Guest Satisfaction among Business Travelers. What Are the Important Factors? Hotel and Restaurant Administration Quarterly 37(2), 72–81 (1996)

    Google Scholar 

  • Ha, H.-Y., John, J.: Role of customer orientation in an integrative model of brand loyalty in services. The Service Industries Journal 30(7), 1025–1046 (2010)

    Article  Google Scholar 

  • Harrison-Walker, J.J.: Examination of the Factorial Structure of Service Quality: A Multi-Firm Analysis. The Service Industries Journal 22(2), 59–72 (2002)

    Article  Google Scholar 

  • Hellier, P., Geursen, G.M., Carr, R.A., Rickard, J.A.: Customer repurchase intention. A general structural equation model. European Journal of Marketing 37(11/12), 1762–1800 (2003)

    Google Scholar 

  • Hill, Manuela Magalhães, Hill, Andrew: Investigação por Questionário, 1 edn., Edições Sílabo (2000)

    Google Scholar 

  • Homburg, C., Fürst, A.: How Organizational Complaint Handling Drives Customer Loyalty: An Analysis of the Mechanistic and the Organic Approach. Journal of Marketing 69(3), 95–114 (2005)

    Article  Google Scholar 

  • Homburg, C., Müller, M., Klarmann, M.: When does salespeople’s customer orientation lead to customer loyalty? The differential effets of relational and functional customer orientation. Journal of the Academy of Marketing Science (published online September 22, 2010)

    Google Scholar 

  • Homburg, C., Stock, R.M.: Exploring the Conditions Under Which Salesperson Work Satisfaction Can Lead to Customer Satisfaction. Psychology & Marketing 22(5), 393–420 (2005)

    Article  Google Scholar 

  • Huang, M.-H.: The influence of selling behaviours on customer relationships in financial services. International Journal of Service Industry Management 19(4), 458–473 (2008)

    Article  Google Scholar 

  • Jin, B., Park, J.W., Kim, J.: Cross-cultural examination of the relationships among firm reputation, e-satisfaction, e-trust, and e-loyalty. International Marketing Review 25(3), 324–337 (2008)

    Article  Google Scholar 

  • Maxham III, J.G., Netemeyer, R.G.: Modeling customer perceptions of complaint handling over time: the effects of perceived justice on satisfaction and intent. Journal of Retailing 78(4), 239–252 (2002)

    Article  Google Scholar 

  • Maxham III, J.G., Netemeyer, R.G.: Firms Reap What They Sow: The Effects of Shared Values and Perceived Organizational Justice on Customers’ Evaluations of Complaint Handling. Journal of Marketing 67(1), 46–62 (2003)

    Article  Google Scholar 

  • Nadiri, H., Hussain, K.: Diagnosing the zone of tolerance for hotel services. Managing Service Quality 15(3), 259–277 (2005)

    Article  Google Scholar 

  • Nadiri, H., Tanova, C.: An investigation of the role of justice in turnover intentions, Job satisfation, and organizational citizenship behavior in hospitality industry. International Journal of Hospitality Management 29(1), 33–41 (2010)

    Article  Google Scholar 

  • Parasuramn, A., Zeithaml, V.A., Berry, L.: A Conceptual Model of Service Quality and Its Implications for Future Research. Journal of Marketing 49(4), 41–50 (1985)

    Article  Google Scholar 

  • Parasuraman, A., Zeithmal, V.A., Berry, L.: SERVQUAL: A Multiple-Item Scale for Measuring Consumer Perceptions of Service Quality. Journal of Retailing 64(1), 12–40 (1988)

    Google Scholar 

  • Pestana, M.H., Gageiro, J.N.: Análise de Dados para Ciências Sociais. A Complementaridade do SPSS, 5th edn., Sílabo (2008)

    Google Scholar 

  • Polo Redondo, Y., Cambra Fierro, J.: Influence of the standardization of a firm’s productive process on the long-term orientation of its supply relationships: An empirical study. Industrial Marketing Management 37(4), 407–420 (2008)

    Article  Google Scholar 

  • Rodríguez del Bosque, I., Collado Agudo, J., San Martín Gutiérrez, H.: Determinants of eco-nomic and social satisfaction in manufacturer-distributor relationship. Industrial Marketing Management 35/6, 666–675 (2006)

    Article  Google Scholar 

  • Rust, R.T., Oliver, R.L.: Service Quality: Insights and Managerial Implications from the Frontier. In: Service Quality: New Directions in Theory and Practice, pp. 1–19. Sage Publications, Thousand Oaks (1994)

    Chapter  Google Scholar 

  • Schoefer, K., Diamantopoulos, A.: Measuring experienced emotions during service recovery encounters: construction ans assessment of the ESRE scale. Service Business 2, 65–81 (2008)

    Article  Google Scholar 

  • Selnes, F.: Antecedents and consequences of trust and satisfaction in buyer-seller relationships. European Journal of Marketing 32(3/4), 305–322 (1998)

    Article  Google Scholar 

  • Serenko, A.: Student satisfaction with Canadian music programmes: the application of the American Customer Satisfaction Model in higher education. Assessment & Evaluation in Higher Education 36(3), 281–299 (2011)

    Article  Google Scholar 

  • Smith, J.B., Barclay, D.W.: The Effects of Organizational Differences and Trust on the Effectiveness of Selling Partner Relationships. Journal of Marketing 61(1), 3–21 (1997)

    Article  Google Scholar 

  • Smith, A.K., Bolton, R.N., Wagner, J.: A Model of Customer Satisfaction Service Encounters Involving Failure and Recovery. Journal of Marketing Research 36, 356–372 (1999)

    Article  Google Scholar 

  • Spake, D., Megehee, C.M.: Consumer sociability and service provider expertise influence on service relationship success. Journal of Services Marketing 24(4), 314–324 (2010)

    Article  Google Scholar 

  • Stock, R.M., Hoyer, W.D.: An Attitude-Behavior Model of Salespeople’s Customer Orientation. Journal of the Academy of Marketing Science 33(4), 536–552 (2005)

    Article  Google Scholar 

  • Storbacka, K., Strandvik, T., Grönroos, C.: Managing Customer Relationships for Profit: The Dynamics of Relationship Quality. International Journal of Service Industry Management 5(5), 21–38 (1994)

    Article  Google Scholar 

  • Tax, S.S., Brown, S.W., Chandrashekaran, M.: Customer Evaluations of Service Complaint Experiences: Implications for Relationship Marketing. Journal of Marketing 62(2), 60–76 (1998)

    Article  Google Scholar 

  • Terblanche, N.S.: The relationship between customer satisfaction and loyalty: An application of the American Customer Satisfaction Index in the South African fast food industry. Management Dynamics 15(2), 31–42 (2006)

    Google Scholar 

  • Thomas, S.: What Drives Student Loyalty in Universities: An Empirical Model from India. International Business Research 4(2), 183–192 (2011)

    Article  Google Scholar 

  • Varela-neira, C., Vázquez-Casielles, R., Iglesias-Argüelles, V.: The influence of emotions on customer’s cognitive evaluations and satisfaction in a service failure and recovery context. The Service Industries Journal 28(4), 497–512 (2008)

    Article  Google Scholar 

  • Vázquez Casielles, R., Suárez Álvarez, L., Díaz Martín, A.M.: Trust as a key factor in successful relationships between consumers and retail service providers. The Service Industries Journal 25(1), 83–101 (2005)

    Article  Google Scholar 

  • Wang, H.-C., Doong, H.-S., Shih, H.-C., Pallister, J., Foxall, G.: An Investigation into the Determinants of Repurchase Loyalty in the E-marketplace. In: Proceedings of the 41st Hawaii International Conference on Systems Sciences (2008)

    Google Scholar 

  • Wang, Y.-S., Wu, S.-C., Lin, H.-H., Wang, Y.-Y.: The relationship of service failure severity, service recovery justice and perceived switching costs with customer loyalty in the context of e-tailing. International Journal of Information Management 31(4), 350–359 (2011)

    Article  Google Scholar 

  • Weiss, A.M., Anderson, E., Macinnis, D.: Reputation Management as a Motivation for Sales Structure Decisions. Journal of Marketing 63(4), 74–89 (1999)

    Article  Google Scholar 

  • Wirtz, J., McColl-Kennedy, J.R.: Opportunistic customer claiming during service recovery. Journal of the Academy of Marketing Science 38(5), 654–675 (2010)

    Article  Google Scholar 

  • Yavas, U., Babakus, E.: Relationships between organizational support, customer orientation, and work outcomes. A study of frontline bank employess, International Journal of Bank Marketing 28(3), 222–238 (2010)

    Article  Google Scholar 

  • Yoon, Y.-S., Lee, J.-S., Lee, C.-K.: Measuring festival quality and value affecting vistors’ satisfaction and loyalty using a structural approach. International Journal of Hospitality Management 29(2), 335–342 (2010)

    Article  Google Scholar 

  • Zeithaml, V.A.: Consumer perceptions of price, quality and value: a means-end model and syn-thesis of evidence. Journal of Marketing 52(3), 2–22 (1988)

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Anabela Maria Bello da Silveira Baptista de Figueiredo Marcos .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2012 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Bello da Silveira Baptista de Figueiredo Marcos, A.M., Coelho, A.F.M., Vivaldo dos Santos Silva, M.M. (2012). Antecedents of Customer Satisfaction with Insurance Companies. In: Gil-Lafuente, A., Gil-Lafuente, J., Merigó-Lindahl, J. (eds) Soft Computing in Management and Business Economics. Studies in Fuzziness and Soft Computing, vol 286. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-30457-6_23

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-30457-6_23

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-30456-9

  • Online ISBN: 978-3-642-30457-6

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics