Data Sharing from Leads360 Improves Insurance Lead Quality

AgentInsider®, InsuranceAgents.com, QuoteWizard & Others to Participate

New Leads360 Lead Performance Intelligence™ Analytics Gives Insurance Lead Buyers and Sellers Unmatched Visibility into Lead Quality and Client Success

Los Angeles, (July 10, 2009) —Today a select group of insurance lead aggregators and large group of buyers will begin participating in a data sharing program with market-leading Lead Management Software provider Leads360. Until now, lead providers have generally let leads fall into the abyss with little access to information about on lead performance. Similarly, lead buyers have had difficulty accurately assessing lead quality.

To address this long-standing challenge, Leads360 has released Lead Performance Intelligence™ (LPI), a data and analytics reporting engine. Leads360 LPI provides a full accounting of the progress of every sales lead delivered and managed within Leads360. LPI empowers lead providers to analyze the performance of their marketing and to address client perceptions of lead performance with clear and complete data. “We’re looking forward to using Leads360’s new LPI reporting. It should provide us with valuable information regarding the productivity of AgentInsider® leads, and will validate the benefits of using our online leads as an ongoing source of new business for the agent,” said Adam Cherubini, Senior Vice President of Client Development at InsWeb Corporation.

For insurance agents who buy internet leads and use Leads360’s lead management platform, sharing data is a good thing. Agencies can discuss the performance of leads and the effectiveness of the sales process with lead providers while looking at the same, accurate data. “I have been open to sharing data with lead providers but have found it too difficult to do manually, I’m confident it will empower me to make better buying decisions and enable us to accurately report performance to generators,” said Gene Graceffo from Insurance Express. Historically, lead buyers have viewed the idea of sharing performance metrics with sellers as a bad thing, but that is changing. “This initiative is a win-win for buyers and sellers and we’re excited to participate in Leads360 LPI,” continued Graceffo. “It’s all about higher conversion, and anything that enables lead providers drive higher quality leads helps me convert more.”

“Underwhelming lead performance is frustrating to both lead buyers and lead sellers. Insurance lead sellers want to know when their marketing is not producing quality leads and buyers want an easy way to highlight underperforming leads and present them to sellers”, said Jeff Solomon, Founder and SVP at Leads360. Lead Performance Intelligence puts buyers and sellers on the same page for the first time.

“One of the biggest problems that we run into with lead buyers is when they perceive a change in lead quality that our numbers do not show,” said Lev Barinsky of InsuranceAgents.com. “After using a beta version of Leads360 LPI with our clients, it allows us to keep our conversations with our clients focused on the data and see with accuracy if there are indeed changes in lead performance, quality, or sales approach,” he continued.

Leads360 LPI functionality will be available in phases, the first of which has been in limited release since late 2008 and provides participating lead providers key milestone metrics by subscribing to a secure web service. The second phase, released this month, provides partners with weekly email reports showing milestone and performance metrics such as speed to contact, contact attempts and disposition activity. LPI is being made available exclusively to Leads360’s preferred partners and only with the express consent of clients that wish to participate. Alex Elperin of QuoteWizard, one of Leads360’s preferred lead partners, said, “QuoteWizard is excited to be working with the new Leads360 LPI platform. We’re confident that our leads will prove their industry-leading quality through the new system. Successful agents need good leads and a reliable lead management system. Leads360 is now an integral part of both.”

For more information read Leads360’s Lead Performance Intelligence summary presentation deck available for free download here. Or to learn more about Leads360’s insurance lead management software, please click here to request information or call 1-888-508-4462.

About Leads360
Leads360 is the market and technology leader in Web-based customer acquisition and lead management solutions. The company enables buyers and sellers of consumer Internet leads to achieve unparalleled return on investment. Clients can realize maximum lead value through purpose-built technology, success-driven training, a highly responsive support team and superior intelligence surrounding lead performance. Leads360 currently manages more than 15,000,000 leads and serves over 500 clients in the most competitive business-to-consumer industries. For more information, visit www.leads360.com