Case Study: How InsureDIY Achieved a 13% Conversion Rate in SG's Insurance Market

Client
InsureDIY
Industry
Insurance / Insurtech
Country
Singapore

How InsureDIY Achieved a 13% Conversion Rate in Singapore's Insurance Market

Services: SEM Strategy, Quality Score Optimisation, Funnel Retargeting, Negative Keyword Governance

Overview

InsureDIY is a Singapore-based direct insurance platform challenging the traditional broker model. Operating in one of Asia's most competitive regulated markets, the company required paid search performance that didn't just generate traffic — it needed to generate conversions at a cost that incumbents couldn't sustain.

The Singapore insurance market is high-intent but highly contested. CPCs are elevated, consumer trust is hard-won, and compliance constraints limit creative latitude. Outperforming in this environment requires precision, not volume.

Digital Squad was engaged to rebuild InsureDIY's SEM framework from the ground up — engineering a paid search engine calibrated for conversion dominance, not vanity metrics.

The Challenge

InsureDIY's existing paid search activity faced several compounding inefficiencies:

  • Low Quality Scores inflating cost-per-click across core campaigns
  • Keyword targeting diluted across broad match sets with limited intent segmentation
  • Generic ad creative failing to differentiate in a trust-driven category
  • No structured retargeting to recapture high-intent drop-offs
  • Wasted spend on irrelevant traffic without negative keyword governance

In insurance, the margin between a performing campaign and a losing one is narrow. These inefficiencies weren't just limiting growth — they were actively eroding the unit economics that made scaling possible.

Our Strategy

1. Intent Segmentation & Keyword Architecture

We restructured the entire keyword framework around buyer intent — moving from broad-match volume plays to tightly segmented clusters aligned with specific coverage types and decision stages.

  • Commercial-intent segmentation by product category (life, health, travel, motor)
  • Match type discipline to control intent quality and reduce irrelevant spend
  • Search term analysis to identify and capture emerging high-intent queries

2. Quality Score Optimisation

Quality Score is the multiplier that determines whether paid search compounds or bleeds. We rebuilt ad copy, landing page alignment, and expected CTR across every ad group.

  • Ad copy restructured around specific coverage benefits and trust signals
  • Landing page relevance improvement to align with ad group themes
  • Expected CTR uplift through tighter creative-to-keyword matching

3. Funnel-Layered Retargeting

High-intent insurance prospects rarely convert on first visit. We implemented a structured retargeting architecture to recapture and progress prospects at each stage of the consideration cycle.

  • Audience segmentation by on-site behaviour and engagement depth
  • Retargeting creative tailored to objection handling and trust reinforcement
  • Frequency and recency caps to maintain presence without saturation

4. Negative Keyword Governance & Budget Efficiency

Budget precision is a competitive advantage in high-CPC markets. We implemented rigorous negative keyword governance to eliminate wasted spend.

  • Systematic negative keyword builds across all campaigns
  • Search term monitoring cadence to catch irrelevant traffic early
  • Budget reallocation from underperforming queries to proven high-intent terms

The Results

Following full implementation:

  • 13% conversion rate — 4× the Singapore insurance industry benchmark
  • 700% growth in impressions
  • 570% growth in clicks
  • 150% increase in total conversions

Impact

  • A paid search engine built for conversion efficiency, not raw traffic volume
  • Sustainable cost-per-acquisition economics that incumbents couldn't match
  • A repeatable, scalable SEM architecture capable of growing with the business

Why This Matters

In regulated, high-CPC markets, precision is the only sustainable competitive advantage. InsureDIY's results weren't achieved by spending more — they were achieved by engineering smarter. That's the difference between a campaign and an acquisition engine.

Ready to Engineer Your Growth?

If your business operates in a competitive paid search environment and needs a framework built for conversion dominance, let's talk.