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Travelers Companies SWOT & PESTLE Analysis

ID : 52276853| Mar 2018

COMPANY PROFILE -Travelers Companies

Business Sector :Insurance

Operating Geography :United States, North America, Global

About Travelers Companies :

Travelers Companies is an insurance company, incorporated in Minnesota, United States. It is one of the oldest insurance company dated back to 1853.It provides a wide range of commercial and personal insurance products to business, government units and individuals. It has a presence in every US state and also has operations in United Kingdom, Brazil, Canada and many other countries. It is the third largest writer of U.S. personal insurance through independent agents and second largest writer of U.S. commercial property casualty insurance. The company generated revenues of approximately $29 billion in 2017 and is listed on the NYSE as TRV.

Its mission states “We are an insurance company that cares. Travelers take on the risk and provide the coverage you need to protect the things that are important to you – your home, your car, your valuables and your business – so you don't have to worry.”

Travelers Companies Revenue :

$29 billion in 2017

Competitive Analysis of Travelers Companies

SWOT
PESTLE
The SWOT analysis for Travelers Companies is presented below:
Strengths
Weaknesses
1. Diverse insurance portfolios for consumers
2. Strong financials and revenue
3. Global presence across the world
4. Workforce of more than 30,000 employees
5. Strong and vibrant culture
1. Majorly concentrated in US market
2. High Dependence on personal insurance
Opportunities
Threats
1. Acquisitions and mergers outside USA
2. Diversify the product portfolio
3. Investment in Technology
1. Macroeconomic issues
2. Increase in competition
3. Changes in the political and regulatory federal income tax laws
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Detailed SWOT Analysis of Travelers Companies

 

Strength

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Weakness

1. Majorly concentrated in US market: Although Travelers is present in various other countries but in terms of business it has 90% dependency in USA market. This can become an issue, if internal US economy faces setbacks. Travelers need to expand its operations in Latin America or in Asia to increase their business because most of the competitors are already moving to other countries.

2. High Dependence on personal insurance: In 2016, Travelers suffered losses due to increase in environment and body insurance policies. It has dependence on few portfolios. Traveler need to expand its market in other insurance sector which can reduce the dependence on personal insurance.

Opportunity

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Threat

1. Macroeconomic issues: Economy is in turmoil due to Eurozone, Brexit, China crisis which can make insurance industry vulnerable throughout the world. The increase in insurance Companies can create a point where people start opting out of insurance schemes and which cannot be good for the business in the long run.

2. Increase in competition: There are many insurance companies which are aggressively expanding their market like State Farm, Allstate to increase their business all around the globe. So, to gain foothold companies will lower their profit margins and pushed aggressively to gain the market.

3. Changes in the political and regulatory federal income tax laws: There can be an issue of government changing the insurance laws or bring regulation in the insurance sector which can reduce the margin in the business. The legal framework, bureaucracy and financial infrastructure worsen the insurance business environment.

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Check Out Analysis of Other Relevant Companies

TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
References used in Travelers Companies Analysis Report

1. https://investor.travelers.com/Annual-Reports

2. https://fortune.com/fortune500/travelers-Companies/

3. https://www.thehindu.com/business/Industry/govt-allows-49-fdi-in-insurance-under-automatic-route/article8375048.ece

4. https://investor.travelers.com/Annual-Reports

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Travelers Companies SWOT & PESTLE Analysis - SWOT & PESTLE.COM

SWOT & PESTLE.com (2020). Travelers Companies SWOT & PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/travelers-companies/ [Accessed 05 Apr, 2020].

In-text: (SWOT & PESTLE.com, 2020)

Copyrights and Disclaimer

Travelers Companies SWOT and PESTLE analysis has been conducted by Amandeep Singh and reviewed by senior analysts from Barakaat Consulting.

Copyright of Travelers Companies SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.

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Travelers Companies SWOT & PESTLE Analysis
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