Bankers, brokers and insurers are looking for innovative ways to: drive online organic growth, increase products per household (PPH) and share of wallet, improve retention and drive incremental online service adoption. Our financial services team members include industry veterans, some of whom joined us directly from leading banks and insurance companies, and others with strong roots within the Big 5 consulting firms. What our team members understand above all else is ultimately consumer behavior and the related issues and challenges within the financial services industry. Our customers include retail, small business and commercial banks, insurance companies, and brokerage firms.
Brulant has seen and experienced explosive growth in the shift of media consumption to the online channel over the past six years. Consumers are researching and purchasing financial products online at an explosive rate. The level of price transparency and ease of comparison is driving financial service providers to simplify the product set, offer better features and engage consumers online in a different way. For our progressive clients, the percentage of online consumer touches has now exceeded 50% of their total customer touches. The buzz over the past two years has been about consumer concerns with security, yet we are seeing an 800% increase in consumer adoption of the online channel. Those that are taking advantage of these shifts in consumer behavior are seeing positive impacts to their growth, PPH, retention and adoption.