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WINDSOR, Conn., Aug. 1, 2013 — Financial services companies have increased their engagement with social media sites, according to a new LIMRA study.

The LIMRA report “Retweets, Likes and Shares: How Financial Services Companies are Using Social Networks,” revealed that with increased usage of social media, strategies are evolving.

“We found that 9 out of 10 companies currently use social media and most agreed that compelling content is vital,” said Norah Denley, distribution and technology research for LIMRA. “Posting content that provides value to an audience is just as important — if not more so — as reaching the audience in the first place.”

The LIMRA study looks at the strategies of how companies are currently using social networks and their outcomes, so far:

The most popular social media sites continue to grow in influence and a number of new sites are rapidly gaining attention. Financial services companies are still figuring out where they need to have a presence and where they can abstain. In addition, companies must understand the key networks where they choose to put their efforts in order to be successful with informed and effective strategies.

LIMRA sent an online survey to financial services companies in the United States and Canada that have individual lines of business. Fifty-three responses were received.

LIMRA Contacts:

Catherine Theroux, 860-285-7787, ctheroux@limra.com
Mark Morris, 860-285-7875, mmorris@limra.com

About LIMRA

LIMRA, a worldwide research, consulting and professional development organization, is the trusted source of industry knowledge, helping more than 850 insurance and financial services companies in 73 countries increase their marketing and distribution effectiveness. Visit LIMRA at www.limra.com.

Media Contacts

Catherine Theroux

Director, Public Relations

Work Phone: (860) 285-7787

Mobile Phone: (703) 447-3257

ctheroux@limra.com

Brooke Lacey

Public Relations Specialist

Work Phone: (860) 298-3920

Mobile Phone: (413) 530-6184

blacey@limra.com