Case Study Of Allianz

There are many businesses that have expanded their business internationally in order to benefit in some sort of way rather it revenue or a better market for their product. In this thesis, I will research a multination company and its international strategy over the last 10 years. I will elaborate on it international orientation and rather it etho-, poly-, or geocentric. I than explain why the company decided on expanding to the chosen locations. Then I will clarify if they had core capability to succeed in those markets, along with its

There are many opportunities available for companies willing to venture into new, international markets. Reaching more customers and therefore, turning a larger profit are two fairly obvious reasons for companies to consider global expansion. However, the potential benefits do no end there. Expanding to international markets can hold less obvious, yet extremely beneficial appeals such as access to new and different talent pools, grander output requires great advances in efficiency, and international expansion can, in some cases, aid in “future proofing” the company.

The insurance sector is critical to Ping An’s business, accounting for 72% of the company total profits in 2009. A major strength of Ping An in this market is its 14% market share, which makes it the second largest life insurer in China. Ping An has also been very innovative about its approach to the insurance sector being the first to introduce: foreign

Threat of substitute is low within the insurance market as a whole. Whilst there are little to no switching costs for a customer of insurance products there is no other immediate market that a customer can purchase a product from to satisfy their need for risk protection, and therefore no substitute product is available in the industry, however there is a high threat of substitutes in parts of the individual value chain as companies try to disrupt the market. Aggregators are a threat of substitute for distribution channels, with companies such as “iSelect” starting in Australia.

Nowadays, businesses must think big. It is not enough to be the best in the city or even the country. The goal should be to go global and take advantage of the opportunities offered by the phenomenon of globalization and be part of the “global market”. This is rather ambitious but some companies have stepped out their country’s borders and have gained global recognition.

business of insurance. But the lack of uniformity, loop holes, blind spots and deficiencies within

The corporate demand for insurance may be motivated by a company’s strategic decisions on output and price market.Most real world market are characterised by small numbers of relatively large firms which compete with each other strategically .The purpose of this paper is to discuss the strategic behaviour of firms operating in oligopolistic industry and their response to risk .By putting our focuses on oligopoly markets , it should be relevant to discuss the key strategic elements of such industry and to see why this industry operates in such type of environment. Furthermore, this paper analyses the influence that strategic behaviour may have on firms when purchasing corporate insurance in particular and risk management

Insurance is an arrangement by which a company gives customers financial protection against loss or harm such as theft and illness in return for premium payments. One of the most important ways that external economic factors are affecting insurance industries is by experiencing a slow pattern in the economy. Insurance companies are affected by lower sales and lower rates of returns on their investments. Companies have to sell certain products for which they have the commitment and the

I am really taking in everything that I’m being exposed to really good. It is one thing to read about an occupation online or in a text book and it’s another to actually be side by side with that professional. The opportunity AllianzGI has giving me is one that will not be taken for granted. Meeting people like Michele Cameron is very inspiring because you see how dedicated they are to their work and to mentoring

U.S is the world’s largest nonlife market for decades. The market is highly competitive. Virtually any type of nonlife insurance is available. Some nonlife insurance policies are property insurance policies, liability insurances policies, and package insurance policies. Insurers use multiple distribution channels to reach their customers. Brokers also figure prominently in the market.

We ranked fourth in market share in the U.S. private passenger auto market for 2009 based on net premiums written and believe that we held that position for 2010. There are approximately 360 competitors in this market. Progressive and the other leading 14 private passenger auto insurers, each of which writes over $1.8 billion of premiums, comprise about 75% of this market. For 2009, the industry net premiums written for private passenger auto insurance in the United States was $156.5 billion, and our share of this market was approximately 7.8%, compared to $158.0 billion and 7.3% in 2008, respectively; comparable industry data is not available for 2010 at this time. All industry data, including ranking and market share, was obtained directly from data reported by either SNL Financial or A.M. Best Company, Inc. (“A.M. Best”), or was estimated using A.M. Best data as the primary source.

An application into the case of Lincoln Electric shows that this company is correct in doing international expansions. Such actions are suitable for the market development strategy when the company wants to increase sales outside the domestic market. In addition, because of diversified markets during the global expansions, this company has customized products to fit for or developed new ones. Thus, it is changing towards diversification strategy. The both success and failures of Lincoln during the international expansions are helpful for other industries. Importantly, a thorough understanding of the local is a key for international expansions (E. Porter,

One of my daily responsibilities is to find more business opportunities for the office. I did a lot researches and found tremendous potential in the regions, especially among first-generation immigrants and new arrivals who, while having insurance needs, are not well acquainted with the U.S. insurance system and how insurance claims and policies work. Among these potentials, we found the big opportunities in Asian-Americans who are often ignored or overlooked by traditional marketing channels. Specially, all of us in the office are Chinese and we understand more about Asian culture. Based on the marketing research, we three discussed together to decide the marketing goal: to build the current business into much larger agency, by identifying, targeting, reaching and offering insurance products to a new generation of insurance customers, with a particular focus on Asian-Americans in the Philadelphia, New Jersey and Delaware

Companies can decide to go global or to enter international markets for various reasons, and these different objectives at the time of entry that enable the business to produce different strategies and the performance goals, and even forms of market participation.

IT plays a role in servicing a large number of clients and reduce processing cost. At the same time IT can help in churning out statistics and information necessary to analyse the performance of current and potential business. As such, Sun Life need to look into the aspect of insurance systems and IT infrastructure in Malaysia.