Description
SWOT ANALYSIS OF QBE INSURANCE GROUP
QBE Insurance Group
Parent Company
QBE Group
Category
Property and Casualty Insurance
Sector
Banking and Finance
Tagline/ Slogan
Made possible by QBE
Effective merging of international presence, diversity of operations and USP local people expertise to provide quality services to customers
STP
Segment
General insurance, Reinsurance services
Target Group
Brokers and agents, small to large businesses and individuals
Understand your specific risks in this volatile world helping turn your Positioning ambitions and dreams to reality
SWOT Analysis
1. Strong player in the non-life insurance segment in Australia 2. Widespread geographical diversification with an extensive market reach 3. Strong resilience to adverse market situations with a robust capital adequacy 4. Globally present in over 45 countries 5. Number of employees is approx greater than 15,000 worldwide 6. Acquisition of prominent companies has strengthened its value and Strength expertise
1. High reliance on third party leading to higher costs of reinsurance 2. Declining underwriting profitability owing to drastic fall in the operating Weakness ratios
1.Great opportunity for long term growth with scope to launch new service platforms in the growing Australian non-life insurance market 2. International exposure specially in emerging economies Opportunity 3. Diversificiation of financial services and offering customised customer
options
1. Increasing frauds in insurance may aggravate claim losses 2. Increased occurring of natural disasters testing claims paying capability Threats 3. Adoption of solvency II likely to increase competition for capital
Competition
1. Berkshire Hathaway, Inc. Competitors 2. Factory Mutual Insurance Company
doc_284425938.docx
SWOT ANALYSIS OF QBE INSURANCE GROUP
QBE Insurance Group
Parent Company
QBE Group
Category
Property and Casualty Insurance
Sector
Banking and Finance
Tagline/ Slogan
Made possible by QBE
Effective merging of international presence, diversity of operations and USP local people expertise to provide quality services to customers
STP
Segment
General insurance, Reinsurance services
Target Group
Brokers and agents, small to large businesses and individuals
Understand your specific risks in this volatile world helping turn your Positioning ambitions and dreams to reality
SWOT Analysis
1. Strong player in the non-life insurance segment in Australia 2. Widespread geographical diversification with an extensive market reach 3. Strong resilience to adverse market situations with a robust capital adequacy 4. Globally present in over 45 countries 5. Number of employees is approx greater than 15,000 worldwide 6. Acquisition of prominent companies has strengthened its value and Strength expertise
1. High reliance on third party leading to higher costs of reinsurance 2. Declining underwriting profitability owing to drastic fall in the operating Weakness ratios
1.Great opportunity for long term growth with scope to launch new service platforms in the growing Australian non-life insurance market 2. International exposure specially in emerging economies Opportunity 3. Diversificiation of financial services and offering customised customer
options
1. Increasing frauds in insurance may aggravate claim losses 2. Increased occurring of natural disasters testing claims paying capability Threats 3. Adoption of solvency II likely to increase competition for capital
Competition
1. Berkshire Hathaway, Inc. Competitors 2. Factory Mutual Insurance Company
doc_284425938.docx