RIAS shuns stereotypes of over-50s in £2m marketing overhaul

Specialist insurer RIAS is looking to grow its share of the “young” over-50s market by shunning stereotypical images of kindly elderly people in its marcomms in favour of celebrating the diversity, experience and changing lifestyles of those past 50. 

RIAS home insurance ad

The brand has focussed on the over-60s with products that reflect that older consumers are less risky and less likely to make a claim but has identified 50-60-year olds as the next battleground with rivals such as =LV and Sage as well as direct insurers such as Direct Line looking to tap into the 22 million strong market of over-50s. 

A £2m overhaul of its marcomms will see a redesign of its website, marketing literature and the launch of its first television advertising promoting its home insurance offer in 2 years. 

A new strapline, “where experience counts”, will be introduced and material will feature images of over-50s taking part in outdoor activity as well as scenes meant to reflect the changing role over-50s play in families.

Mark Hanson, director of marketing at RIAS, told Marketing Week the overhaul is an attempt to develop an “emotional connection” with customers by celebrating the experience of those “still young at heart”.

“We are trying to make the marketing fun, accessible and real. Showing how life does not stop at 50,” he adds. 

Research conducted by the insurer found 69 per cent of over-50s have the same “dreams and passions” as they did when they were younger and three-quarters (73 per cent) “like to try new things”.

Elsewhere, its Castle Cover brand will be relaunched as an online brand. It is being positioned as a multi-channel alternative for the increasing number of digitally-active over 50s and will offer cheaper insurance “by recognising they [customers] have put the work in themselvesby buying online”, Hanson adds. 

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

If you are looking for our Jobs site, please click here