As brands seek cost-effectiveness, transparency, and control over customer data, they have been taking marketing duties in-house, ranging from data insights and creative to media planning and buying. Liberty Mutual is one of them, and it says it has seen tangible benefits from doing so, Emily Fink, the company's chief marketing officer, told Business Insider. "Insurance is a very competitive category, and as it becomes increasingly commoditized, it's important that we're able to operate in a really cost-effective way," Fink said. Over the past few years, the insurance giant has built its own digital-media planning and buying, consumer insights, and data-analytics teams. It's also set up a creative agency called Copper Giants. Read more: Brands continue to take their advertising in-house at an unprecedented rate — and it's terrible news for ad agencies Liberty Mutual now produces 80% of its creative work — including the social and digital assets used in its latest TV campaign — in-house. This change let the company work faster and cut its agency fees by nearly 30%, according to the company. "It costs us about half as much, and they do it in about half the time that it took to do work with outside agencies," Fink told Business Insider. "It has been both efficient and effective." The creative team uses the data and insights from the other teams to inform its work. While the consumer-insights team gathers quantitative and qualitative insights of consumers and its category, the analytics group uses that data to optimize its ad spend. Before taking its latest set of ads to market, for example, Liberty Mutual tested the ads with about 18,000 consumers to test ad recall and brand association. "It puts everyone across the company on the same page, because it's not like we're working with one outside vendor and they just work with one person in marketing," Fink said. "Everybody in the company is operating off the same set of data and insights, and that enables faster decisions as a company and makes us more integrated across the groups." Liberty Mutual also handles its digital-media planning and buying in-house. "There are a lot of digital tools, like Kenshoo for search, for example, that just allow you to do a lot more on your own as a company where you might have historically relied on an agency," Fink said. Fully 78% of brands that are members of the Association of National Advertisers reported in 2018 that they had some form of an in-house agency. Liberty Mutual still uses some outside agencies. The San Francisco-based Goodby Silverstein & Partners was behind the creative concept and TV and online videos for its latest "LiMu Emu & Doug" campaign, for example. "Our agency brings to the table a very deep understanding of the consumer, and a very deep understanding of the products," Fink said. "When they bring such a strong value proposition to the table, and can effectively partner with an inside group and make the inside group more effective too, then they definitely have nothing to worry about." To build in-house expertise, Liberty Mutual created a marketing training program and innovation labs called Solaria in Boston, Singapore, and Brazil to study trends like the connected home and the future of mobility. The training program blends external and internal resources and is designed to keep employees engaged and up to speed. If they are learning search advertising, for example, the company will bring in an expert to train them in Google Adwords but also train them in Liberty Mutual's own practices. "We know it's important to keep everybody at the top of their game, especially if they're not working on multiple brands the way they might be at an outside agency," Fink said.
Liberty agency 's decision to bring 50 % of its creative work in - house has enabled the US insurer to reduce advertising agency fees by 30 % , according to CMO Emily Fink . She said the strategy had proved " efficient and effective " , as the sharing of data between Liberty 's teams accelerated decision making , reducing both costs and time . Fink said the firm still uses agencies , including Goodby Silverstein & associates , and said they brought a " very deep understanding " of both the agency and their customers to the table .