Case Title & Author
Title: Building the BrightRock Brand Through Change
Author: Michael M. Goldman, Mignon Reyneke and Tendai Mhizha
Subject Areas/Case Usage
Brand and marketing strategy, about marketing investments across paid, earned and owned media.
Suzanne Stevens was part of a group of four former senior employees of a large life insurance firm that decided to establish a new and innovative South African insurance company, BrightRock. They identified a gap in a large and highly competitive, (albeit generic and opaque) insurance market and developed a distinctive positioning within the market. There was low consumer understanding of the technical aspects of life insurance products, and no existing life insurance product provided an individualized offering.
Stevens developed the company’s brand and marketing strategy by drawing on reputation drivers, traditional advertising and a content marketing approach. BrightRock focused on change moments in consumers’ lives, including getting married, having children or getting a new job, and changed the standard insurance product model by launching an individualized flexible product that could adapt with the consumer through their various life stages. The case study documents the first three years of BrightRock’s operations, with a strong focus on brand and product development, distribution and communication. The case dilemma involves choices Stevens faced at the beginning of 2015 about marketing investments across paid, earned and owned media.
For any inquiries on the Strathmore University Africa Case Centre, please write to Lena on firstname.lastname@example.org