PEMCO SWOT Analysis, Competitors & USP

Posted in Banking & Financial Services, Total Reads: 699
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SWOT Analysis of PEMCO with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

PEMCO

Parent Company

PEMCO Insurance Company

Category

Finance

Sector

Banking & Financial Services

Tagline/ Slogan

We're A Lot Like You. A Little Different

USP

owned by our customers – not stockholders – so we serve you

PEMCO STP

Segment

Auto, Home and Boat Insurance

Target Group

Middle and High income groups

Positioning

local company dedicated to Northwest residents

PEMCO SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of PEMCO :

1.  PEMCO is the Northwest’s largest local personal-lines insurer, providing auto, home, boat, life insurance to general public.
2. PEMCO has earned several awards for its marketing campaigns
3. PEMCO has grown from premiums significantly
4. Diverse portfolio suiting the requirements of its customers

Weaknesses

1.  Intense competition means limited market share
2.  The company is not well diverse in terms of geographic locations and hence exposed to geographic risks

Opportunities

1. .Geographical expansion – Europe market can be penetrated
2. Market penetration in Asian growth markets
3. The growing insurance market poses a great opportunity for the company to grow.

Threats

1. Financial services industry are hugely dependent on economic cycles and government regulations
2. Financial services industry are plagued by cases of fraud
3. Competition in the mortgage insurance industry may affect the earnings of the company.

PEMCO Competition

Competitors

Below are the 3 main PEMCO competitors :

1. Newyork Life Insurance
2. Globe Life Insurance
3. Prudential Life Insurance


The brandguide table above concludes the PEMCO SWOT analysis along with its marketing and brand parameters. Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry.

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