Published in Banking & Financial Services category by MBA Skool Team
Aegon is one of the leading brands in the banking & financial services sector. Aegon 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 Aegon:
The company has a global presence with strong market position in key markets.
The company maintains multiple distribution channels to sell its products and hence is exposed to a reduced distribution risk.
The company’s strong and increasing capital strength has made it resilient to the market developments with a strong balance sheet.
It has expertise in life insurance, asset management and pension
Nearly 24000 employees are a part of the workforce
Above are the strengths in the SWOT Analysis of Aegon. The strengths of Aegon looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
The group has significant exposure to risky sovereign debt related to European countries.
The company is highly dependent on the American market for generating its profits.
These were the weaknesses in the Aegon SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
The ageing population in the American market poses a huge opportunity for the retirement market.
The company finds great opportunity in the Chinese and Indian insurance market.
The company has been focusing on its core businesses in order to avoid any fluctuations in the financial markets affecting it.
Above we covered the opportunities in Aegon SWOT Analysis. The opportunities for any brand can include prospects of future growth.
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.
There is an increase in strictness in the regulatory compliance and complexity in the US market leading to increase in costs.
The threats in the SWOT Analysis of Aegon are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
A company that provides long term financial security to people’s lives
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