XL Group SWOT Analysis, USP & Competitors

Posted in Banking & Financial Services, Total Reads: 634
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SWOT Analysis of XL Group with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

XL Group

Parent Company

XL Group

Category

Diversified Insurance

Sector

Banking and Financial Services

Tagline/ Slogan

Make Your World Go

USP

A broad international mix with a consistent global approach and consistency in all offices for underwriting excellence, prompt service and transparent pricing

STP

Segment

Insurance, Reinsurance, Life operations

Target Group

Multinational companies, Insurers

Positioning

A company that analyzes numbers, but listens to customers’ dreams

SWOT Analysis

Strengths

1. The company has a diversified business portfolio that is helping it to diversify its business risk.

2. The company is present in 24 countries and in all 50 US states which reduces the volatility in earnings for the company.

3. The company has a strong balance sheet and it is these strong financials that is shielding the company against adverse conditions.

4. The company boasts of an employee base of around 4000 employees and a dedication to corporate social responsibility based on values of ethics, integrity and responsible governance.

Weaknesses

1. The company does not have an extensive or large broker network, with dependence on only few of their existing network.

2. The company has displayed a weakening combined ratio due to its inability to manage claims.

Opportunities

1. The company has opportunities in the non-life segment of growing economies.

2. The company hopes to rope in more customers with the development of a new cyber risks solution

3. Global partnerships and tieups can propel its brand image

Threats

1. The increase in the intensity of competition in the environment is a threat to the company.

2. There is an increase in the number of natural disasters that can affect the company.

3. The increase in the number of frauds will lead to claims that will adversely affect the company.

Competition

Competitors

1. Allianz AG

2. AXA

3. General Re

4. Zurich Financial Services



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