Allianz

  www.allianz.com
  www.allianz.com

Allianz Reviews

Updated November 3, 2014
Updated November 3, 2014
110 Reviews
3.8
110 Reviews
Rating Trends

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Allianz CEO Michael Diekmann
Michael Diekmann
43 Ratings

Review Highlights

Pros
  • Very good work life balance, if you're not keen to develop yourself or keep the status quo (in 18 reviews)

  • Decent salary plus very good variable pay which is up to you to make (in 5 reviews)


Cons
  • Work-life balance is fair but fluctuates pretty heavily according to deadlines (in 4 reviews)

  • German colleagues "seem" have an advantage over non Germans, especially when it comes to management positions (in 4 reviews)

More Highlights

23 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    IT at Allianz

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Allianz full-time (more than 5 years)

    Pros

    Does everything at a large scale and currently is globalizing topics; Very often working on the forefront of technology and trying to constantly improve; always challenging the status quo; working with top tier suppliers

    Cons

    Extremely bureaucratic processes that slow everything down while at the same time senior management put a lot of pressure on organization to speed up; very political place; does not care about long-term talent development, rather brings in people from external

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Good, however geared more towards soon to be retirees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Solution Engineer in Novato, CA
    Current Employee - IT Solution Engineer in Novato, CA

    I have been working at Allianz full-time

    Pros

    Flexible hours, good work-life balance, great for individuals with families, good 401(k) match - the best I received from anywhere else, telecommute, low pressure, onsite gym,

    Cons

    Not great for single individuals because the benefits are more crafted for individuals with families, heavily outsourced, minimal learning opportunities, process heavy, compensation not competitive with market, lack of fresh ideas

    Recommends
    No opinion of CEO
  3. 3 people found this helpful  

    Was a very good experience, unfortunately had some management with other agenda that kept truth from other offices.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Technician in Dallas, TX
    Former Employee - Account Technician in Dallas, TX

    I worked at Allianz full-time (more than 5 years)

    Pros

    Flexible shifts, good pay, good benefits.

    Cons

    Management promotions based not on performance or experience.

    Advice to ManagementAdvice

    You consolidated, yet stuck with lease on empty floor space, the closed center had best record for processing and time and many are still out of work due to your closure. We were lied to over and over even when asked directly about the future of our positions. You had the most experienced, dedicated staff in the closed center.

    Recommends
    Neutral Outlook
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  5. 2 people found this helpful  

    Even Steven

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Technician in Chicago, IL
    Current Employee - Account Technician in Chicago, IL

    I have been working at Allianz full-time (more than 3 years)

    Pros

    -Great Benefits
    -People make the company
    -Good work/life balence
    -Fair in their assessments

    Cons

    -Hard to move / Constant hiring freezes
    -Strict budgets lead to cut backs
    -Leadership unwilling to listen
    -Pay not a good as it could be

    Advice to ManagementAdvice

    Listen to what your workers have to say and deliver when you say you will. Better explanations with company direction. Invest in IT infrastructure to make workers more productive.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    Great Company, Department needs improvement...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Annuity New Business Case Manager in Golden Valley, MN
    Former Employee - Annuity New Business Case Manager in Golden Valley, MN

    I worked at Allianz full-time (more than an year)

    Pros

    The Company itself was great, great benefits, great cafeterias (choice of two), great training and self improvement opportunities.

    Cons

    The particular department I was in or the company, I'm not sure which...promoted people without degrees because it was cheaper. Advanced degrees and outside the company work experience were not recognized for promotions. This may sound as if I was passed up for a promotion...but I wasn't I never applied for anything as nothing of interest to me was posted. Hiring is on the downward slide due to poor annuity business. In the 2 years I was there, I had 3 managers, none had previous management experience or degrees. This lead to poor management, immaturity and teams without direction.

    Advice to ManagementAdvice

    Less meetings and special projects for management so that they can address personnel issues and training. Don't delegate personnel issues to team members without the experience or education to mentor others. Hire project management specialists to run projects rather than management that should be managing employees and the department.

    Recommends
    Negative Outlook
    No opinion of CEO
  7. 3 people found this helpful  

    Your run-of-the-mill corporate experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Executive General Adjuster in Chicago, IL
    Current Employee - Executive General Adjuster in Chicago, IL

    I have been working at Allianz full-time (more than an year)

    Pros

    Good pay, decent benefits. Some fun people work here.

    Cons

    Profit sharing and 401(k) matching are 0% vested until 3 years of service. Cubicle life for everyone without a senior manager title. Most cubicles have 1.5 walls and "0" privacy. IT systems are a complete joke. Restrictions on travel and other expenses are over the top.

    Advice to ManagementAdvice

    Respect your employees more. Invest in IT.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 5 people found this helpful  

    Good place, but be wary

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Underwriter in Chicago, IL
    Former Employee - Underwriter in Chicago, IL

    I worked at Allianz

    Pros

    Good comp & benefits package

    Cons

    Terrible new HR team. The old HR regime was much better at representing employees to management. Huge politics between Germans and Americans. The Germans have taken over every aspect of the business.

    Advice to ManagementAdvice

    Forget it...they will not listen anyway.

    Recommends
  9. 1 person found this helpful  

    Good place to work, with little stress

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Project Director in Cresskill, NJ
    Former Employee - Senior Project Director in Cresskill, NJ

    I worked at Allianz

    Pros

    Small team, flexible schedule, decent salary, small number of clients.

    Cons

    Small team can also make it difficult to balance a heavy work load

    Advice to ManagementAdvice

    Would be nice to have had more clients to get a better range of work through the door.

  10. 1 person found this helpful  

    ??

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Minneapolis, MN
    Current Employee - Anonymous Employee in Minneapolis, MN

    I have been working at Allianz

    Pros

    Allianz SE is a great company trying to make presence in the US. I enjoy being a part of that. Allianz Life needs a lot of work, but I believe it's headed in the write direction. It could be an exciting time for the company.

    Cons

    Lack of technology. Allianz Life is way behind the times in technology and it inhibits growth.

    Advice to ManagementAdvice

    Invest more money in technology and hiring top talent.

    No opinion of CEO
  11.  

    Great people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Team Leader
    Former Employee - Team Leader

    I worked at Allianz full-time (more than 10 years)

    Pros

    Friendly people. Excellent support for professional qualifications. Business is growing and respected in the Insurance market. Good benefits package. Great charity supporters.

    Cons

    Work life balance suffers enormously as you are promoted.. Heavy reliance on a few experts means there are huge bottle necks. Providing opportunities for the graduate intake limits career choices for others and often also often results in inexperienced managers who require huge support from their teams which goes unrecognised as they need to hide that others are doing their job.

    Advice to ManagementAdvice

    Change the bonus system. Stop relying on external systems that do not deliver what you need, require huge investment to change anything, cause rework and frustrate the employees. Really look at your people, a lot of talent is unrecognised.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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