Description
SWOT ANALYSIS OF ACE INSURANCE
ACE Insurance Parent Company Category Sector Tagline/ Slogan ACE Group Diversified Insurance Banking and Financial Services We are Ace Insured. ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients STP Segment Target Group Life, Non-Life Insurance Businesses, Families Tailor made insurance services delivered with customer service to meet customer’s complex needs SWOT Analysis 1.ACE is one of the world’s leading property and casualty insurance company. 2. Supported by sustained acquisitions, the company has been able to garner a strong market position. 3. The company has products diversified from insurance to risk management services and is diversified geographically. 4. Has its presence in over 50 countries worldwide Strength 5. The company has over 17000 employees with the organisation 1. The company has been having a weakening combined ratio affecting the company’s underwriting efficiency. Weakness 2. The company has been facing inconsistent cash flows which
USP
Positioning
have adversely affected the company financially. 1. The company has been making many acquisitions strengthening its market position and opening up new revenue streams. 2. The company has been making investments in the web application development which is expected to increase the business prospects. Opportunity 3. The growing opportunities in the Asia Pacific markets pose a great opportunity for the company. 1. The increase in complexity in regulatory framework that the company has to comply with poses a threat to the company. 2. Solvency II adoption is also likely to increase the competition for capital. Threats 3. The increase in corporate insolvencies on the global scale affects the demand for commercial insurance products. Competition 1. Allianz AG 2. AXA 3. Berkshire Hathaway 4. Everest Re Competitors 5. Lloyd’s of London
doc_726348187.docx
SWOT ANALYSIS OF ACE INSURANCE
ACE Insurance Parent Company Category Sector Tagline/ Slogan ACE Group Diversified Insurance Banking and Financial Services We are Ace Insured. ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients STP Segment Target Group Life, Non-Life Insurance Businesses, Families Tailor made insurance services delivered with customer service to meet customer’s complex needs SWOT Analysis 1.ACE is one of the world’s leading property and casualty insurance company. 2. Supported by sustained acquisitions, the company has been able to garner a strong market position. 3. The company has products diversified from insurance to risk management services and is diversified geographically. 4. Has its presence in over 50 countries worldwide Strength 5. The company has over 17000 employees with the organisation 1. The company has been having a weakening combined ratio affecting the company’s underwriting efficiency. Weakness 2. The company has been facing inconsistent cash flows which
USP
Positioning
have adversely affected the company financially. 1. The company has been making many acquisitions strengthening its market position and opening up new revenue streams. 2. The company has been making investments in the web application development which is expected to increase the business prospects. Opportunity 3. The growing opportunities in the Asia Pacific markets pose a great opportunity for the company. 1. The increase in complexity in regulatory framework that the company has to comply with poses a threat to the company. 2. Solvency II adoption is also likely to increase the competition for capital. Threats 3. The increase in corporate insolvencies on the global scale affects the demand for commercial insurance products. Competition 1. Allianz AG 2. AXA 3. Berkshire Hathaway 4. Everest Re Competitors 5. Lloyd’s of London
doc_726348187.docx