Posted in Banking & Financial Services, Total Reads: 4095
SWOT Analysis of Aflac with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis
We ve got you under our wing
The Aflac Duck is a unique marketing strategy for the firm
Accident, cancer /specified diseases, dental, hospital intensive care, life, lump sum cancer, lump sum cancer critical illness , short term disability
design insurance policies that can be used to help with those out-of-pocket expenses not covered by existing major medical coverage of U.S. consumers
1. Focus on niche helping defend global market leadership in supplemental health insurance 2. Long standing relationships with banks continue contributing to recurring sales 3. Strong balance sheet providing financial strength 4. Unique products with high customer loyalty
1. Increasing concentration in Japan increases business risk 2. Losses on perpetual debentures likely to continue 3.Brand equity not strong enough compared to competitors
1. Launch of new products likely to generate higher returns 2. Launch of new initiatives to enhance sales 3. Increasing natural calamities in Japan likely to enhance life insurance market growth potential
1. Increasing competition in supplemental in health insurance sector 2. Increasing incidence and severity of natural disasters in Japan could affect underwriting profits 3. US insurance industry’s exposure to the ongoing Eurozone turmoil
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