Allianz
3.4 of 5 91 reviews
www.allianz.com Munich, Germany 5000+ Employees

Allianz Reviews

Updated May 20, 2014
All Employees Current Employees Only

3.4 91 reviews

                             

91% Approve of the CEO

Allianz Chairman of the Board of Management Michael Diekmann

Michael Diekmann

(32 ratings)

69% of employees recommend this company to a friend
22 Employee Reviews Back to all reviews
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    Great people

    Team Leader (Former Employee)

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

    ConsWork 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 Senior ManagementChange 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.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Worth serving the company

    Midlevel (Current Employee)

    ProsSupportive and good support from peers

    Constransparency of work/news is worst

    Advice to Senior ManagementKeep the information delegated to the team underneath at regular intervals, especially interms of tough times.

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Good, however geared more towards soon to be retirees

    IT Solution Engineer (Current Employee)
    Novato, CA

    ProsFlexible 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,

    ConsNot 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

    Yes, I would recommend this company to a friend

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    Allianz Bank Italy

    Anonymous Employee (Former Employee)

    ProsThe boss was kind and responsive.

    ConsNot enough work led to boredom at work.

    Advice to Senior ManagementProvide abundant and meaningful work to employees.

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    2 people found this helpful  

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

    Account Technician (Former Employee)
    Dallas, TX

    ProsFlexible shifts, good pay, good benefits.

    ConsManagement promotions based not on performance or experience.

    Advice to Senior ManagementYou 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.

    Yes, I would recommend this company to a friend

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    Good if not in IT department

    Technical Analyst (Current Employee)
    Thiruvananthapuram (India)

    ProsEars open to listen to employees

    ConsWork is not the criteria for your growth in company

    Advice to Senior ManagementBe clear in judging employees. don't be biased

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Am outsorcing way to go

    Training Administrator (Current Employee)
    Bucharest (Romania)

    ProsThe company is a startup in Bucharest and by the time i left they only had 6 moths going, in which they mannaged to grow from 4 employees to about 20, with plans to go to 50 by the end of the year. They pay prettty welll and there are plenty of oportunitiess for advancement.

    ConsThis is still an outsorcing business, and you will be a gear in the giant cog that is Allianz. If you like detail work and working with office all day you will fit in. If not, you will find the work boring and without satisfaction. The woking hours can be long and you will get a hard time form some of the management and the clients.

    Advice to Senior ManagementPut more care into your human resourcess, especially the ones that are outsorced (not in Munich) Motivate and develop a relationship with them, they are not just some man hours to be used when needed.

    – I'm optimistic about the outlook for this company

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    2 people found this helpful  

    Even Steven

    Account Technician (Current Employee)
    Chicago, IL

    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 Senior ManagementListen 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.

    No, I would not recommend this company to a friend

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    2 people found this helpful  

    Software developper

    Software Engineer (Current Employee)
    Munich (Germany)

    ProsReally good work life balance, 38h contract, all overtime is compensated with free time

    ConsVery limited possibilities to develop money wise. You are paid by seniority, not by what you achieve.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    2 people found this helpful  

    Great Company, Department needs improvement...

    Annuity New Business Case Manager (Former Employee)
    Golden Valley, MN

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

    ConsThe 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 Senior ManagementLess 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.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Glassdoor is your free inside look at Allianz reviews and ratings — including employee satisfaction and approval rating for Allianz CEO Michael Diekmann. All 22 reviews posted anonymously by Allianz employees.