Published by MBA Skool Team, Last Updated: April 26, 2020
SWOT analysis of MetLife analyses the brand by its strengths, weaknesses, opportunities & threats. In MetLife SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like MetLife to benchmark its business & performance as compared to the competitors. MetLife is one of the leading brands in the banking & financial services sector.
The article below lists the MetLife SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the MetLife SWOT Analysis:
For MetLife, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.
The strengths of MetLife looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of MetLife :
1.Strong brand name and good financial position 2.Major player in insurance sector 3.Varied range of services and products 4.Has its presence in 60 countries with a customer base of 90 million 5.Over 65,000 employees
The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the MetLife SWOT Analysis:
1.Over-dependence on US 2.Lacking in global recognition as compared to competitors
The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in MetLife SWOT Analysis:
1.Expansion in other countries 2.Diversifying portfolios for customers 3.Acquisitions and JVs 4.New Emerging markets
The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of MetLife are as mentioned:
1.Changing govt regulations and financial crisis like recessions 2.Natural disasters
3.US financial service sector 4.Other competitors in the industry
There are several brands in the market which are competing for the same set of customers. Below are the top 7 competitors of MetLife:
Have You Met Life Today; For the if in life; Get Met. It pays
MetLife offers Life Insurance Plans, Child Plans, Retirement Plans, Saving Plans and Healthcare Plans
Enterprise and Individuals who are seeking financial help and advice
Large enteprises and rich individual investors
A company which manages your wealth in every phase of life
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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