Table of contents Banking Segmentation Bank customers can be ultimately divided into two large groups; individuals and business customers. Each group can be subdivided into smaller segments; individuals can be subcategorised geographically (local and foreign customers), and most commonly demographically; whereas potential business customers can be segmented based on origination type, size, and location. National Bank of Kuwait (NBK) provides specialised banking solutions for both personal and business clients. Foreign Corporate Department in NBK offers services to multi-functional foreign firms operating in Kuwait, ranging from diplomatic missions to foreign airlines. Domestically, NBK team develops financial solutions to business clients including the government, public and private companies and institutions. These services are designed to meet the needs of business clients ranging from Treasury, Investment Banking, Credit line services, and Trade Financing. When it comes to personal banking, the demographics segmentation approach is clearly visible in NBK marketing strategies. Offering banking services that match the needs of a wide spectrum of the society, children can have separated banking account, in which children can start up with “Zaina” account, a specific saving account designated for younger customers; and as they grow, they pass through different account types such as “alazrag” and “alshabab” until they reach the regular salaries account. NBK also provides shopping cards for female customers, with special discounts and incentives earned when using these cards. National Bank of Kuwait has created an image utility by providing premium accounts, and targeted those with higher education level and income in the society. The holders of “Althahabi” gold cards enjoy the special care by the bank officers, and often receive exclusive offers that match their spending habits. Read about Insurance Markets There are two markets for insurance companies to target; corporate and individual. Corporate insurance requires different specifications compared to individuals. Depending on corporates operations, a set of corporates might demand a worldwide protection insurance for their assets and operations. Therefore, location and business type segmentations are needed for the corporate insurance market. When it comes to individuals, psychographic and behavior segmentation is clearly needed to provide a comprehensive customer satisfaction. Customers sometimes seek insurance packages that match their lifestyle needs (Marine insurance packages target customers who spend their leisure time on sea activities such as sailing, fishing etc). Values and benefits desired do play roles in segmenting consumer insurance market; for instance, consumers would value home insurance packages as a sort of security. Other custumers would pay premium charges in order to gain the benefits from gold automobile insurance packages. Insurance companies take demographics into consideration when targeting customers. Elderly customers lean toward health insurance, and those with risky jobs might be interested in both life and accidental coverage. Hence, demographic, psychographic, and consumer behaviours are among the factors of insurance market segmentation.