Sentry Insurance SWOT Analysis, USP & Competitors

Posted in Banking & Financial Services, Total Reads: 333
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SWOT Analysis of Sentry Insurance with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Sentry Insurance

Parent Company

Sentry Group of Companies

Category

Mutual insurance

Sector

Insurance and Finance

Tagline/ Slogan

Strengths, Protection and Vigilance

USP

The right choice for you and your family

STP

Segment

Insurance

Target Group

Individuals and Business

Positioning

Positions itself as a provider of right choices to individuals and business units.

SWOT Analysis

Strengths

1. Sentry’s property and casualty companies are rated A+(superior) by A.M. Best Company

2. Strong assets and a robust financial position since its inception in 1904

3. Known for helping customers improve safety, and control claims and manage employee benefits.

4. Innovation, Inspiration, Integrity. Sentry Insurance has been offering each to their customers for more than 100 years.

5. Enjoys great brand equity and reputation among people.

6. Strong plans to make technological advances

7. Perhaps the most visible community investment is the opening of a revitalized SentryWorld golf course, sports, and events complex.

Weaknesses

1. Intense competition and limited geographies means limited market share

3. Increasing costs leading to decreasing profits.

Opportunities

1. Growing demand- as the economy is growing, this sector tends to grow at almost the same pace. The firm can cash in this new demand by expanding its business.

2. Scope for entering new markets

3. Scope for acquisitions/entering global markets.

Threats

1.Tax changes and financial fluctuations can affect business

2.Macroeconomic policies will influence this sector a lot as people’s consumption and spending changes accordingly

3. Increasing costs due to growing inflation

Competition

Competitors

1. The Allstate Corporation

2.State farm mutual automobile insurance company

3.Qbe Americas, Inc.



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