RSA Insurance Group SWOT Analysis, USP & Competitors

Posted in Banking & Financial Services, Total Reads: 897
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SWOT Analysis of RSA Insurance Group with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

RSA Insurance Group

Parent Company

RSA Group

Category

Property and Casualty Insurance

Sector

Banking and Finance

Tagline/ Slogan

-

USP

Combining insurance products with supporting complementary businesses

STP

Segment

Property and casualty insurance, risk management services

Target Group

Commercial and personal insurance customers including individuals, small and medium enterprises (SMEs) and also some of the world's most famous brands

Positioning

The best UK General Insurer and build the best International General Insurer

SWOT Analysis

Strengths

1. Has leading market positions across key markets
2. Ensures lesser volatility in returns by investing in high rated securities

3. Strong capital surplus and liquidity

4. Bases in London, it has over 17 million customers from over 140 countries

5. Employee strength of over 20,000 makes it a strong insurance brand

Weaknesses

1. The property-casualty cycle is a concern and earlier controversies affected brand image
2. Weak combined ratio in some key segments

Opportunities

1. Acquisitions strengthen the group's international presence

2. Increase revenues by global Renewable Energy business
3. Growing global insurance market as people and companies want to be more secure

Threats

1. Sluggish outlook for the UK economy
2. Mounting insurance frauds could dent profitability
3. Competition increased by Solvency II adoption

Competition

Competitors

1. AEGON N.V.

2. Allianz AG

3. Allstate Corporation

4. Aviva Plc

5. Berkshire Hathaway, Inc.

6. CIGNA Corporation

7. ING Groep N.V.

8. Prudential plc

9. Sun Life Financial Inc



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