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Factor Analysis of Customer Loyalty in Car Insurance Using Generalized Additive Partial Linear Model
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 Title & Authors
Factor Analysis of Customer Loyalty in Car Insurance Using Generalized Additive Partial Linear Model
Ki, Seung-Do; Kang, Kee-Hoon;
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The car insurance market in Korea has already entered (or is in the process of entry) a mature market that is characterized by increased competition by market participants. Participants are expected to compete more intensively in order to survive. Together with a slowdown in market growth the goal of non-life insurers' marketing strategies is to enhance existing customer loyalty because it is easier to raise their loyalty via customer satisfaction than to attract new customers in a stagnant market. In this article, we investigate what factors affect customer loyalty, and suggest some specific ways to establish and implement marketing strategies. We use a generalized additive partial linear model in order to find some significant factors.
Generalized additive model;marketing strategy;customer satisfaction;
 Cited by
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