How to Simplify Complex Insurance Concepts for Customers by Using Animation Videos?
Updated: Jul 26
"A recent Forbes Advisor survey of 2,000 Americans with health insurance revealed that the majority struggle to understand key insurance terms. Over 75% couldn't identify "coinsurance," and almost 50% gave incorrect definitions for "copayment" and "deductible." This highlights the widespread confusion regarding the U.S. health insurance system. And this is just about health insurance, and we know that there are many types of insurance."
Insurance concepts can be overwhelming for customers, with confusing terms and intricate jargon. However, there is a solution that can simplify these complexities and leave a lasting impact, which is "animation videos". As per the report of Tubular Insights, 73% of B2B marketers have witnessed a positive impact on their Return on Investment (ROI) through the use of videos.
Animated videos appeal to our visual nature, offering an attractive and memorable medium. They have a unique storytelling ability that makes complex concepts relatable and engaging. This potential for revolutionizing communication is evident in the insurance industry. By utilizing animation videos, companies can bridge the gap between customers and insurance, simplifying concepts, capturing attention, and boosting engagement. In this blog, we will explore how insurance companies can effectively utilize animation videos to simplify their complex concepts for customers.
Why Do Insurance Companies Need Animation Videos?
Insurance companies face unique challenges in effectively communicating complex concepts to their target audience. The intricacies of insurance terminology and abstract nature of insurance concepts can make it difficult for customers to grasp and understand key information.
In order to bridge this gap and simplify complex insurance concepts, animation videos have emerged as a valuable tool for insurance companies. Here are some reasons why animation videos are important for insurance companies:
Simplify Complex Concepts: Animation videos make it easier for your customers to understand complicated insurance terms and ideas. By breaking down complex information into visually engaging segments, animation videos simplify insurance concepts and help your customers grasp them more easily.
Engage Customers: Animation videos offer a dynamic and interactive experience that holds your viewer's attention. By using storytelling, characters, and captivating visuals, animation videos keep your customers engaged and interested in the content.
Visualize Abstract Ideas: Insurance deals with intangible risks and abstract concepts, which can be difficult to explain. Animation videos excel at visualizing these ideas and making them more relatable. Through creative visuals and illustrations, animation videos bring abstract concepts to life, helping your customers understand the value and benefits of your insurance products
Improve Understanding and Retention: Animation videos present information in a concise and memorable way. By using clear explanations and visuals, animation videos enhance understanding and help your customers remember important insurance concepts when making decisions.
Build Trust and Transparency: Animation videos can help insurance companies establish trust by simplifying complex concepts, providing clear explanations, and demonstrating transparency. By using animation, companies can communicate information in an accessible and visually appealing manner, fostering trust and confidence in their services.
Stand Out in the Market: Animation videos offer a unique and innovative way to communicate with customers. In a competitive market, animation videos help insurance companies stand out and differentiate themselves. By leveraging animation, companies can create memorable and engaging content that sets them apart from competitors.
How to Use Animation Videos to Simplify Complex Insurance Concepts?
Traditional methods of communicating insurance concepts, such as lengthy policy documents or static brochures, often fail to captivate customers' attention. Animation videos, on the other hand, captivate viewers by incorporating storytelling elements, memorable characters, and interactive elements.
And now if you're wondering how to create such videos for your business, then here are some key steps to effectively use animation videos in simplifying complex insurance concepts:
1. Identify Your Target Audience
Before creating an animation video, it's crucial to identify your target audience and understand their needs, preferences, and level of understanding. This will help you tailor the content and style of the video to resonate with the intended viewers.
2. Choose Key Concepts to Simplify
Determine the specific insurance concepts that need to be simplified and prioritize them. Focus on concepts that are commonly misunderstood or perceived as complex by customers. This could include terms like deductibles, co-pays, or policy exclusions.
3. Develop a Clear and Concise Script
Create a well-crafted script that effectively communicates the key concepts in a clear and concise manner. Break down complex information into smaller, easily understandable segments. Use simple language, avoid jargon, and provide real-life examples or scenarios to illustrate the concepts.
4. Visualize the Concepts
One of the strengths of animation videos is their ability to visually represent abstract ideas. Work with a skilled animator, animation team or animation studio such as "Wow Animation" to create visual metaphors, illustrations, and graphics that effectively convey the concepts being explained. Use colors, animations, and visuals that are visually appealing and consistent with your brand identity.
5. Incorporate Storytelling Elements
Storytelling is a powerful tool in capturing the viewers' attention and making complex concepts relatable. Create characters or use relatable scenarios to help your customers connect with the information being presented. Tell a compelling story that takes the viewers on a journey, gradually introducing and simplifying the complex concepts along the way.
6. Keep it Engaging and Interactive
To maintain viewer engagement, consider incorporating interactive elements into the animation video. This could include quizzes, clickable icons, or interactive simulations that allow viewers to interact with the content. This not only keeps viewers actively engaged but also helps reinforce their understanding of the concepts.
7. Utilize Voiceover and Subtitles
Incorporate a clear and professional voiceover narration to guide viewers through the animation video. This helps reinforce the information being presented and accommodates different learning preferences. Additionally, include subtitles or captions to make the video accessible to a wider audience.
8. Test and Iterate
Once the animation video is created, test it with a sample audience to gather feedback. Pay attention to their understanding, engagement, and any areas of confusion. Use this feedback to refine and improve the video, ensuring that it effectively simplifies the complex insurance concepts.
9. Promote and Share the Video
Once the animation video is finalized, promote and share it through various channels such as your website, social media platforms, email newsletters, and customer portals. Make it easily accessible to customers and prospects, ensuring that it reaches the intended audience.
How "Wow Animation" Can Help You With Animation Videos?
We are the go-to animation studio that can help you effectively communicate complex insurance concepts to your target audience. Here's why insurance companies should choose "Wow Animation" for their animation video needs:
Expertise in Simplifying Complex Concepts: We specialize in simplifying complex insurance concepts through visually engaging animations and clear explanations. We know how to break down intricate information into easily understandable segments.
Customized Solutions for Your Insurance Needs: At "Wow Animation," we understand that every insurance company is unique. That's why we offer customized animation solutions tailored to your specific requirements, ensuring that your message resonates with your audience.
Professional Team of Animation Experts: Our team consists of skilled animators, illustrators, and storytellers who bring their expertise and creativity to every project. We are passionate about delivering high-quality animations that captivate and engage viewers.
Timely Delivery for Your Communication Goals: We value your time and understand the importance of meeting your communication goals. With "Wow Animation," you can expect timely delivery of your animation videos, allowing you to stay on track and make a strong impact.
Cost-Effective and Competitive Pricing: We believe that creating stunning animation videos shouldn't break the bank. At "Wow Animation," we offer cost-effective pricing options without compromising on quality. We provide excellent value for your investment.
Experience: We have delivered 500+ successful projects which makes us well experienced in this field. We have been delivering projects for the last few years and with time we've evolved our talent & expertise in this field.
In a world where insurance concepts can be overwhelming and difficult to comprehend, animation videos have emerged as the shining beacon of simplicity. By harnessing the power of visual storytelling, animation videos break down complex insurance jargon into digestible and relatable content for customers. The captivating animations, clear explanations, and interactive elements engage viewers, ensuring better understanding and retention of crucial insurance information.
If you're ready to embark on a journey of simplification and captivate your customers, don't miss the chance to collaborate with "Wow Animation." Contact us today and let your insurance concepts come to life in a visually stunning and understandable way.