Description
SWOT ANALYSIS OF HARTFORD FINANCIAL SERVICES
Hartford Financial Services
Parent Company
Hartford Financial Services Group Inc
Category
Diversified Insurance
Sector
Banking and Financial Services
Tagline/ Slogan
Always thinking ahead
A company that helps customers create a secure and prosperous future USP by anticipating their needs and providing superior financial solutions
STP
Segment
Investment products, Life, Property, Casualty insurance
Target Group
Individuals, Corporate, Government enterprises and small businesses
Established as a young but promising and ambitious company and a Positioning responsible and reliable partner
SWOT Analysis
1. Hartford is one of the leading multi-line insurance providers. 2. Hartford is a diversified holding company and has multiple distribution channels that limit the business risk the company is exposed to. 3. The group has been able to reduce the risk in the portfolio substantially. 4. Has a strong workforce of 22000+ employees Strength 5. It is one the largest insurance companies in USA
1. Hartford is consolidated majorly in the US market, exposing it to geographic concentration risk. 2. The company has been facing decreasing net investment income Weakness over the years.
1. There lies opportunity for demand of insurance products due to the ageing US population. 2. The growth in property and casualty insurance market poses opportunity for increase in revenues. Opportunity 3. The group is making heavy investments in acquisitions and long
term prospects which may improve the business.
1. Complex regulatory compliance due to the 2008 crisis puts many regulations that Hartford has to comply with that increases costs. 2. There has also been an increase in the fraudulent activities in the insurance industry. 3. Major climate changes are likely going to occur and such catastrophic events are going to affect the property and casualty Threats insurers.
Competition
1. Allstate Corporation 2. MetLife, Inc. 3. Prudential Financial Competitors 4. Cincinnati Financial Corporation
doc_265077917.docx
SWOT ANALYSIS OF HARTFORD FINANCIAL SERVICES
Hartford Financial Services
Parent Company
Hartford Financial Services Group Inc
Category
Diversified Insurance
Sector
Banking and Financial Services
Tagline/ Slogan
Always thinking ahead
A company that helps customers create a secure and prosperous future USP by anticipating their needs and providing superior financial solutions
STP
Segment
Investment products, Life, Property, Casualty insurance
Target Group
Individuals, Corporate, Government enterprises and small businesses
Established as a young but promising and ambitious company and a Positioning responsible and reliable partner
SWOT Analysis
1. Hartford is one of the leading multi-line insurance providers. 2. Hartford is a diversified holding company and has multiple distribution channels that limit the business risk the company is exposed to. 3. The group has been able to reduce the risk in the portfolio substantially. 4. Has a strong workforce of 22000+ employees Strength 5. It is one the largest insurance companies in USA
1. Hartford is consolidated majorly in the US market, exposing it to geographic concentration risk. 2. The company has been facing decreasing net investment income Weakness over the years.
1. There lies opportunity for demand of insurance products due to the ageing US population. 2. The growth in property and casualty insurance market poses opportunity for increase in revenues. Opportunity 3. The group is making heavy investments in acquisitions and long
term prospects which may improve the business.
1. Complex regulatory compliance due to the 2008 crisis puts many regulations that Hartford has to comply with that increases costs. 2. There has also been an increase in the fraudulent activities in the insurance industry. 3. Major climate changes are likely going to occur and such catastrophic events are going to affect the property and casualty Threats insurers.
Competition
1. Allstate Corporation 2. MetLife, Inc. 3. Prudential Financial Competitors 4. Cincinnati Financial Corporation
doc_265077917.docx