New York Life Insurance Company SWOT Analysis, USP & Competitors

Posted in Banking & Financial Services, Total Reads: 290
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SWOT Analysis of New York Life Insurance Company with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

New York Life Insurance Company

Parent Company

New York Life Insurance Company (NYLIC)

Category

Life and Health Insurance

Sector

Financial Institutions

Tagline/ Slogan

The company you keep

USP

Max New York life insurance provides life insurance solutions, children's plan and retirement solution

STP

Segment

Enterprise and Individuals who are seeking financial help and advic

Target Group

Large enterprises and rich individual investors

Positioning

A company that believes in building relationships with customers

SWOT Analysis

Strengths

1.The oldest and largest mutual life insurance company in the US

2.Diversification-well diversified business

3.Own research, long-term view

4.Ample liquidity-good financial rating

5.Superior service by over 12000+ employees

6.Best possible ratings by the four independent rating companies(Standard & Poor's, AM Best, Moody's and Fitch), Stable and growing revenue

7. The company has been recognized by several awards for its consistency and motivating place of work

Weaknesses

1.Lacking extensive global services

2. Intense competition means slow market share growth

Opportunities

1.Expansion in other countries

2.Diversifying portfolios for customers

3.Asset management sector  4.New emerging markets

Threats

1. Changing govt regulations and financial crisis like recessions

2.Increase in insurance frauds

3.Stiff competition in the market

Competition

Competitors

1.Metlife, Inc.

2.The Northwestern Mutual Life Insurance Company

3.Prudential Financial, Inc.,

4.AON

5. Allianz

6.Allstate



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