Published in Banking & Financial Services category by MBA Skool Team
Sun Life Financial is one of the leading brands in the banking & financial services sector. Sun Life Financial SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of Sun Life Financial:
Sun Life ranks on the Forbes Global 2000 list and also Fortune 500 list
Sun Life Financial has a strong presence in investment management with strong assets under management operating in a number of countries
It has expertise in life insurance, asset management and pension
The company’s strong and increasing capital strength has made it resilient to the market developments with a strong balance sheet
Strong legacy since 1865
International operations in more than 15 countries
Above are the strengths in the SWOT Analysis of Sun Life Financial. The strengths of Sun Life Financial looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Sun Life Financial Weaknesses
The company is highly dependent on the American market for generating its profits
Weaker cost structure as compared to competitors
These were the weaknesses in the Sun Life Financial SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Sun Life Financial Opportunities
The ageing population in the American market poses a huge opportunity for the retirement market.
The company has been focusing on its core businesses in order to avoid any fluctuations in the financial markets affecting it.
The company finds great opportunity in the Chinese and Indian insurance market
Above we covered the opportunities in Sun Life Financial SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Sun Life Financial Threats
There is an increase in strictness in the regulatory compliance and complexity in the US market leading to increase in costs.
The subprime crisis has resulted in a low policy interest rate environment.
There is going to be a likely increase in competition for capital for the company due to Solvency II adoption.
The threats in the SWOT Analysis of Sun Life Financial are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
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