Description
SWOT ANALYSIS OF VIENNA INSURANCE GROUP
Vienna Insurance Group
Parent Company
Vienna Insurance Group AG Wiener Versicherung Gruppe
Category
Diversified Insurance
Sector
Banking and Financial Services
Tagline/ Slogan
-
A proactive insurer that pursues a conservative investment USP strategy, follows a multi brand and multi distribution model
STP
Property and Casualty Insurance, Life Insurance And Health Segment Insurance
Target Group
Individuals, Businesses
A group that stands for credibility, integrity and quality of customer Positioning service
SWOT Analysis
1. The company boasts of a history of decades with a strong presence in Central and Eastern Europe. 2. The company has a strong workforce of 23000+ employees. 3. The company has a strong value system and believes in its corporate social responsibility through its concern for society, culture and environment. 4. It has a strong product and service offering especially in the Strength insurance segment
1. The company is mainly concentrated in Central and Eastern Europe and hence is exposed to certain amount of geographic risk. 2. The group is faced with a lot of competition in the market despite the number of brands. 3. The company faces a weakness in terms of a very high cost Weakness structure.
1. The income level is at a constant increase, which poses an Opportunity opportunity for the group to expand and grow.
2. Innovation in new products and services can open up new opportunities and help fight competition. 3. The ageing population of the world poses a great opportunity for growth.
1. The increase in the natural disasters and catastrophic events can cause a trouble to the underwriting profitability of the company. 2. The rise in incidents of fraud and defaults pose a threat to the insurance industry. 3. There is an increase in competition for capital which is likely to increase costs due to Solvency II norms. 4. The economic recovery slowdown in European nations has Threats decreased the demand for the products.
Competition
1. Allianze SE Competitors 2. Cattolica Di Assicurazione
doc_624619694.docx
SWOT ANALYSIS OF VIENNA INSURANCE GROUP
Vienna Insurance Group
Parent Company
Vienna Insurance Group AG Wiener Versicherung Gruppe
Category
Diversified Insurance
Sector
Banking and Financial Services
Tagline/ Slogan
-
A proactive insurer that pursues a conservative investment USP strategy, follows a multi brand and multi distribution model
STP
Property and Casualty Insurance, Life Insurance And Health Segment Insurance
Target Group
Individuals, Businesses
A group that stands for credibility, integrity and quality of customer Positioning service
SWOT Analysis
1. The company boasts of a history of decades with a strong presence in Central and Eastern Europe. 2. The company has a strong workforce of 23000+ employees. 3. The company has a strong value system and believes in its corporate social responsibility through its concern for society, culture and environment. 4. It has a strong product and service offering especially in the Strength insurance segment
1. The company is mainly concentrated in Central and Eastern Europe and hence is exposed to certain amount of geographic risk. 2. The group is faced with a lot of competition in the market despite the number of brands. 3. The company faces a weakness in terms of a very high cost Weakness structure.
1. The income level is at a constant increase, which poses an Opportunity opportunity for the group to expand and grow.
2. Innovation in new products and services can open up new opportunities and help fight competition. 3. The ageing population of the world poses a great opportunity for growth.
1. The increase in the natural disasters and catastrophic events can cause a trouble to the underwriting profitability of the company. 2. The rise in incidents of fraud and defaults pose a threat to the insurance industry. 3. There is an increase in competition for capital which is likely to increase costs due to Solvency II norms. 4. The economic recovery slowdown in European nations has Threats decreased the demand for the products.
Competition
1. Allianze SE Competitors 2. Cattolica Di Assicurazione
doc_624619694.docx