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Chubb Corp. (SWOT Analysis)

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“SWOT is an acronym for the internal Strengths and Weaknesses of a firm and the environmental Opportunities and Threats facing that firm. SWOT analysis is a widely used technique through which managers create a quick overview of a company’s strategic situation. The technique is based on the assumption that an effective strategy derives from a sound “fit” between a firm’s internal resources (strengths and weaknesses) and its external situation (opportunities and threats). A good fit maximizes a firm’s strengths and opportunities and minimizes its weaknesses and threats. Accurately applied, this simple assumption has powerful implications for the design of a successful strategy.”

Chubb Corp.

The Chubb Corporation (Chubb or ‘the group’) is one of the largest property and casualty insurers in the US. It operates through a group of companies known as the Chubb Group of Insurance Companies. Chubb is headquartered in Warren, New Jersey and employs 10,400 people.

Strengths, Weaknesses, Opportunities and Threats (SWOT)

Location of Factor

TYPE OF FACTOR

Favorable

Unfavorable

Internal

Strengths

  • Focus on market niche preserves competitive advantages
  • Underwriting discipline sustaining profitability even in soft market conditions
  • Strong distribution network contributing to sustained business flow

Weaknesses

  • Litigation issues diluting customer confidence
  • Lack of geographic diversification increasing risk profile

External

Opportunities

  • Expansion in emerging insurance markets
  • Improving rate environment likely to improve underwriting margins
  • Aging US population and increasing health care expenditure

Threats

  • Reduced insurance demand due to the global economic slowdown
  • Increasing frequency of natural disasters impacting claims payments
  • Currency translation impacting profitability
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