Description
SWOT ANALYSIS OF EVEREST RE
Everest Re
Parent Company
Everest Re Group
Category
Diversified Insurance
Sector
Banking and Financial Services
Tagline/ Slogan
Over 30 years of Solid Financial Strength
A company that has an unsurpassed knowledge in each risk category USP with tailor made products to every customer
STP
Segment
Property, Casualty Reinsurance, Insurance
Brokers, Specialty companies, Small to mid-sized regional ceding Target Group companies
A company with a deep product line and an expertise put out for the Positioning customers
SWOT Analysis
1. The company is a leading reinsurance group and has an extensive distribution network that spans on five continents. 2. The company is diversified in every sense, in terms of customers, businesses and geographies. 3. The group has been awarded very good credit ratings (A+ Superior) that has helped them in developing their business. 4. It services provides property/casualty coverage for insurers, Strength businesses, and individuals.
1. The company lacks the scale to compete with the bigger players in the market like Munich Re and Swiss Re. 2. The company though is diversified, has a concentration of business Weakness in its broker distribution channel.
1. The company has opportunity in the opening up emerging economies. Opportunity 2. The company recently acquired Premiere, which specializes in entertainment, sports and leisure risks which opens up the company’s
opportunities in a new segment. 3. The global reinsurance market is growing at a steady pace which has a lot of scope for the company.
1. The number of mergers and acquisitions in the reinsurance market poses a threat as competitive strength to the company. 2. The industry faces a threat from the substitutes of catastrophe bonds. 3. Increasing number of catastrophes and credit defaults affect the Threats company’s profitability.
Competition
1. General Re 2. Munich Re Competitors 3. Swiss Re
doc_819034980.docx
SWOT ANALYSIS OF EVEREST RE
Everest Re
Parent Company
Everest Re Group
Category
Diversified Insurance
Sector
Banking and Financial Services
Tagline/ Slogan
Over 30 years of Solid Financial Strength
A company that has an unsurpassed knowledge in each risk category USP with tailor made products to every customer
STP
Segment
Property, Casualty Reinsurance, Insurance
Brokers, Specialty companies, Small to mid-sized regional ceding Target Group companies
A company with a deep product line and an expertise put out for the Positioning customers
SWOT Analysis
1. The company is a leading reinsurance group and has an extensive distribution network that spans on five continents. 2. The company is diversified in every sense, in terms of customers, businesses and geographies. 3. The group has been awarded very good credit ratings (A+ Superior) that has helped them in developing their business. 4. It services provides property/casualty coverage for insurers, Strength businesses, and individuals.
1. The company lacks the scale to compete with the bigger players in the market like Munich Re and Swiss Re. 2. The company though is diversified, has a concentration of business Weakness in its broker distribution channel.
1. The company has opportunity in the opening up emerging economies. Opportunity 2. The company recently acquired Premiere, which specializes in entertainment, sports and leisure risks which opens up the company’s
opportunities in a new segment. 3. The global reinsurance market is growing at a steady pace which has a lot of scope for the company.
1. The number of mergers and acquisitions in the reinsurance market poses a threat as competitive strength to the company. 2. The industry faces a threat from the substitutes of catastrophe bonds. 3. Increasing number of catastrophes and credit defaults affect the Threats company’s profitability.
Competition
1. General Re 2. Munich Re Competitors 3. Swiss Re
doc_819034980.docx