Aegon SWOT Analysis, Competitors & USP

Aegon Group

Diversified Insurance

Banking & Financial Services

Transform Tomorrow

Understanding the customers' pension or insurance needs and enabling an ongoing and direct dialogue with them to serve their needs at whatever stage in their life they are

Life insurance, Pensions, and Asset management

Individuals, Families, Companies, Pension funds, Institutions

A company that provides long term financial security to people’s lives

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

1. The company has a global presence with strong market position in key markets.

2. The company maintains multiple distribution channels to sell its products and hence is exposed to a reduced distribution risk.

3. The company’s strong and increasing capital strength has made it resilient to the market developments with a strong balance sheet.

4. It has expertise in life insurance, asset management and pension

5. Nearly 24000 employees are a part of the workforce

Here are the weaknesses in the Aegon SWOT Analysis:

1. The group has significant exposure to risky sovereign debt related to European countries.

2. The company is highly dependent on the American market for generating its profits.

Following are the Opportunities in Aegon SWOT Analysis:

1. The ageing population in the American market poses a huge opportunity for the retirement market.

2. The company finds great opportunity in the Chinese and Indian insurance market.

3. The company has been focusing on its core businesses in order to avoid any fluctuations in the financial markets affecting it.

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

1. The subprime crisis has resulted in a low policy interest rate environment.

2. There is going to be a likely increase in competition for capital for the company due to Solvency II adoption.

3. There is an increase in strictness in the regulatory compliance and complexity in the US market leading to increase in costs.

Below are the top 5 Aegon competitors:

1. Aviva Plc.

2. AXA

3. Hartford Financial Services Group

4. Munich Re

5. Prudential Plc.