Munich Re SWOT Analysis, USP & Competitors

Posted in Banking & Financial Services, Total Reads: 1485
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SWOT Analysis of Munich Re with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Munich Re

Parent Company

Münchener Rückversicherungs - Gesellschaft Aktiengesellschaft (Munich Re Group)

Category

Diversified Insurance

Sector

Banking and Financial Services

Tagline/ Slogan

Your preferred partner in risk

USP

Future focused, always one step ahead, trust in a strong partner, close to the client

STP

Segment

Insurance, Reinsurance

Target Group

Insurance companies, Businesses, Industrial clients

Positioning

Financial strength and stability combined that deliver products that help customers remain competitive

SWOT Analysis

Strengths

1. Munich Re is on among the world’s largest reinsurers with servicing to over 4000 corporate clients.

2. The group has a strong international presence with operations in 160 countries.

3. The company has prudent reserving policy that has helped the company against adverse market conditions.

4. It is one of the biggest financial institutions in Germany

5. Over 45000 employees are working for the organisation which specialises in reinsurance, insurance, asset management etc

Weaknesses

1. The company has been unable to maintain its combined ratio which has reflected in the adverse effect on its profitability levels.

2. The company’s portfolio shows exposure to the distressed sovereign market which can affect the company’s investment performance.

3. The group also has been showing significant exposure to vulnerable asset classes which constitutes substantial part of the group’s total portfolio

Opportunities

1. The company shows huge opportunity in the scope of product innovation which is likely to increase its margins and help them retain their customers.

2. The global outlook for the reinsurance market is positive, which is an opportunity for the company to grow.

3. Also, the growth in the global life and health insurance provides scope for the group to expand.

Threats

1. The increase in the consolidation in the reinsurance industry is likely to pose a threat in terms of intensifying of the competition.

2. The weakening pricing power of the reinsurance providers may affect the market performance of the company.

3. The increase in the natural disasters and catastrophic events can cause a trouble to the underwriting profitability of the company.

Competition

Competitors

1. Allianz SE

2. AXA

3. Berkshire Hathaway Inc.

4. Everest Re

5. General Re


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