MediaAlpha and LeadiD Announce Predictive Consumer Intent Score for Insurance
Next evolution of predictive lead scoring technology taps the power of proprietary consumer intent data not previously available to insurers.
Next evolution of predictive lead scoring technology taps the power of proprietary consumer intent data not previously available to insurers.
REDMOND, Wash., Nov. 17, 2015 /PRNewswire/ -- MediaAlpha, the leading advertising technology provider for vertical search media and LeadiD, the data and analytics platform with the deepest insight into the consumer buying journey, today announced the release of a new predictive consumer intent score specifically created for the insurance industry and available through the MediaAlpha Demand Platform. The jointly-developed product offering coincides with the announcement of a strategic partnership between MediaAlpha and LeadiD.
LeadiD's industry-wide view of online shopping behavior equips marketers with a quantifiable measure of consumer intent that can easily be used to optimize real-time bidding strategies within the MediaAlpha Demand Platform. The consumer intent score is available exclusively as an advanced data solution on the MediaAlpha Demand Platform, the leading programmatic technology platform for buying vertical search media.
The Demand Platform offers advanced campaign management and optimization tools for marketers, and easily integrates with 1st and 3rd party data sources to enhance bidding strategies. The integration with LeadiD, which also provides access to LeadiD's consumer intent scores in other industry verticals, is the latest platform innovation to bring marketers one step closer towards understanding the true level of intent for each consumer.
"We are excited to partner with LeadiD on this exclusive consumer intent score for our insurance marketing partners," said Steve Yi, Co-founder and CEO of MediaAlpha. "MediaAlpha has helped disrupt the vertical search industry by introducing a new level of transparency and efficiency with our exchange platform. We believe the next wave of innovation will focus on advanced data solutions that take advantage of the transparency and control our platform provides. LeadiD's unique data insights are a perfect complement, and we are pleased to offer this innovative score to our partners."
LeadiD's Consumer Intent Score represents the next evolution of predictive lead scoring. While existing scoring solutions do a good job of identifying the demographic characteristics of insurance shoppers, they fail to account for observed behaviors that are indicative of intent. This means that insurers are too often overlooking high-intent shoppers, causing them to miss significant engagement opportunities. The Consumer Intent Score improves on those models by incorporating the real-time behaviors of consumers in every part of the consumer funnel.
"When it comes to converting shoppers into customers, shopping behaviors speak louder than everything else," said Ross Shanken, Founder and CEO of LeadiD. "The Consumer Intent Score gives insurers the ability to identify, prioritize, and engage with shoppers who are most likely to move forward in the funnel. We are thrilled to partner with MediaAlpha in delivering this solution to the insurance industry."
About MediaAlpha
MediaAlpha is an advertising technology company that develops programmatic technology platforms that bring transparency and efficiency to the buying and selling of vertical search media. MediaAlpha's exchange technology powers private and open exchanges for insurance and other vertical-specific sectors. Vertical search is a category of performance marketing that enables highly targeted advertising to high intent, purchase-ready consumers in the form of clicks, calls or leads. The company is headquartered in Redmond, WA and has offices in Los Angeles, CA and Tampa, FL. For more information, please visit www.mediaalpha.com.
About LeadiD
LeadiD is the data and analytics platform that provides marketers with the trust and transparency to make smarter decisions and take real time action based on verified consumer behavioral data. It is the only independent, neutral, open technology platform that allows marketers to know the certified origin, history and network intelligence of every 1st or 3rd party lead – creating a standard data currency for the lead generation ecosystem to communicate and optimize. LeadiD's comprehensive AppMarketplace offers plug-and-play solutions for TCPA compliance, fraud detection, data validation, scoring, and more. For more information, visit LeadiD.com.
Media Contact: Corinne Forti, MediaAlpha Inc., [email protected], 805 3688665
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SOURCE MediaAlpha
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