ACE Insurance SWOT Analysis, Competitors & USP

ACE Insurance

Parent Company

ACE Group

Category

Diversified Insurance

Sector

Banking & Financial Services

Tagline/ Slogan

We are Ace Insured.

USP

ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients

ACE Insurance STP

Segment

Life, Non-Life Insurance

Target Group

Businesses, Families

Positioning

Tailor made insurance services delivered with customer service to meet customer’s complex needs

ACE Insurance SWOT Analysis

Strengths

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

1.ACE is one of the world’s leading property and casualty insurance company.

2. Supported by sustained acquisitions, the company has been able to garner a strong market position.

3. The company has products diversified from insurance to risk management services and is diversified geographically.

4. Has its presence in over 50 countries worldwide

5. The company has over 17000 employees with the organisation

Weaknesses

Here are the weaknesses of ACE Insurance :

1. The company has been having a weakening combined ratio affecting the company’s underwriting efficiency.

2. The company has been facing inconsistent cash flows which have adversely affected the company financially.

Opportunities

Following are the Opportunities of ACE Insurance :

1. The company has been making many acquisitions strengthening its market position and opening up new revenue streams.

2. The company has been making investments in the web application development which is expected to increase the business prospects.

3. The growing opportunities in the Asia Pacific markets pose a great opportunity for the company.

Threats

The threats of ACE Insurance are as mentioned :

1. The increase in complexity in regulatory framework that the company has to comply with poses a threat to the company.

2. Solvency II adoption is also likely to increase the competition for capital.

3. The increase in corporate insolvencies on the global scale affects the demand for commercial insurance products.

ACE Insurance Competition

Competitors

Below are the 5 main ACE Insurance competitors :

1. Allianz AG

2. AXA

3. Berkshire Hathaway

4. Everest Re

5. Lloyd’s of London