Symetra SWOT Analysis, Competitors & USP

Symetra Financial Corporation

Retirement plans, employee benefits, annuities, Life Insurance

Banking & Financial Services

I just want to fly

Commitment to helping people reach higher and fly farther

Insurance

Retired employees, Working employees

Pioneer in medical stop loss insurance and a leader in fixed deferred annuity sales through banks

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Symetra. Strengths are:

1. Skilled workforce with over 1200 employees

2. Domestic market

3. Existing distribution and sales network

4. Its services include Retirement plans, Employee benefits, Annuities and Life insurance

5. Service minded- Serves 1.7 million customers across US, through a network of independent advisors, brokers and agents.

6. Contributed to many charitable organizations

7. Financially strong and stable

Here are the weaknesses in the Symetra SWOT Analysis:

1. Declining margin is a concern.

2. This sector heavily depended on the economic growth and macroeconomic policies.

Following are the Opportunities in Symetra SWOT Analysis:

1.Growing industry – There is always a growth opportunity in this sector as most of the people except children either work or are retired.

2. Claim process can be improved by sensitizing employees to the needs of customers / employing educated customers

3. Venturing into new segments in the insurance field like auto insurance etc.

The threats in the SWOT Analysis of Symetra are as mentioned:

1.Competitive pressures might lead to decreasing margins

2. Tax changes might further increase the pressure

3. Macroeconomic policies might have a huge impact on this firm as the employment depends on those policies

Below are the top 3 Symetra competitors:

1.Safg Retirement Services, Inc.

2. Metlife, Inc.

3. Aegon Usa, Inc.