Description
SWOT ANALYSIS OF NUERNBERGER VERSICHERUNGSGRUPPE
Nuernberger Versicherungsgruppe
Parent Company
Nürnberger Beteiligungs - Aktiengesellschaft
Category
Diversified Insurance
Sector
Banking and Financial Services
Tagline/ Slogan
Protection and security in the sign of the castle
Sophisticated programs calculate in a short time and by individual USP customer preferences for attractive offers best deal.
STP
Segment
Life, Health, Indemnity and Casualty insurance
Target Group
Individuals, Corporate Clients
Positioning
An innovative insurance provider
SWOT Analysis
1. The company’s innovative developments has earned an excellent reputation in the German insurance market. 2. Through extremely flexible rates, groundbreaking products and consumer-friendly conditions have the company has grabbed the second position in the market for disability insurance. 3. The company takes pride in its corporate social responsibility with respect to its contribution to science, society, sports and culture Strength 4. A leading financial institution in the country
1. The company is focused more on the European market which does not add much to the geographical diversification due to similar nature of markets in the region. 2. The company is exposed to markets of sovereign crisis and slowed economies. 3. The company’s ratings have been downgraded and have been placed in Weakness negative outlook
1. Process of consolidation and expansions into other geographies which are emerging markets can pose as an opportunity for the company to Opportunity strengthen its position.
2. Aging population in other developed nations is an opportunity for the insurance market. 3. The company can move out of the stressed regions and expand in emerging markets
1. The gaps in governance systems of the company pose a threat. 2. There is likely to be an increase in competition for capital due to the Solvency II adoption 3. The increase in number of fraudulent practices and natural disasters Threats can adversely affect the company’s profitability
Competition
1. Allianz SE 2. ERGO Insurance Group Competitors 3. Munich Reinsurance America, Inc
doc_795602740.docx
SWOT ANALYSIS OF NUERNBERGER VERSICHERUNGSGRUPPE
Nuernberger Versicherungsgruppe
Parent Company
Nürnberger Beteiligungs - Aktiengesellschaft
Category
Diversified Insurance
Sector
Banking and Financial Services
Tagline/ Slogan
Protection and security in the sign of the castle
Sophisticated programs calculate in a short time and by individual USP customer preferences for attractive offers best deal.
STP
Segment
Life, Health, Indemnity and Casualty insurance
Target Group
Individuals, Corporate Clients
Positioning
An innovative insurance provider
SWOT Analysis
1. The company’s innovative developments has earned an excellent reputation in the German insurance market. 2. Through extremely flexible rates, groundbreaking products and consumer-friendly conditions have the company has grabbed the second position in the market for disability insurance. 3. The company takes pride in its corporate social responsibility with respect to its contribution to science, society, sports and culture Strength 4. A leading financial institution in the country
1. The company is focused more on the European market which does not add much to the geographical diversification due to similar nature of markets in the region. 2. The company is exposed to markets of sovereign crisis and slowed economies. 3. The company’s ratings have been downgraded and have been placed in Weakness negative outlook
1. Process of consolidation and expansions into other geographies which are emerging markets can pose as an opportunity for the company to Opportunity strengthen its position.
2. Aging population in other developed nations is an opportunity for the insurance market. 3. The company can move out of the stressed regions and expand in emerging markets
1. The gaps in governance systems of the company pose a threat. 2. There is likely to be an increase in competition for capital due to the Solvency II adoption 3. The increase in number of fraudulent practices and natural disasters Threats can adversely affect the company’s profitability
Competition
1. Allianz SE 2. ERGO Insurance Group Competitors 3. Munich Reinsurance America, Inc
doc_795602740.docx