Allianz Reviews

Updated May 20, 2014
Updated May 20, 2014
97 Reviews

3.6
97 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Allianz Chairman of the Board of Management Michael Diekmann
Michael Diekmann
35 Ratings

Review Highlights

Pros
  • Very good work life balance, if you're not keen to develop yourself or keep the status quo (in 17 reviews)

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


Cons
  • If you're a dynamic individual that knows how to leverage your skills into different areas of the business, you can easily overcome that obstacle (in 3 reviews)

  • German colleagues "seem" have an advantage over non Germans, especially when it comes to management positions (in 3 reviews)

More Highlights

22 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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 for 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
  2.  

    Worth serving the company

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

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

    Pros

    Supportive and good support from peers

    Cons

    transparency of work/news is worst

    Advice to ManagementAdvice

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

    Recommends
    Neutral Outlook
    No opinion of CEO
  3. 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
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  5.  

    Allianz Bank Italy

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Allianz

    Pros

    The boss was kind and responsive.

    Cons

    Not enough work led to boredom at work.

    Advice to ManagementAdvice

    Provide abundant and meaningful work to employees.

  6. 2 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 for 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
  7.  

    Good if not in IT department

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technical Analyst  in  Thiruvananthapuram (India)
    Current Employee - Technical Analyst in Thiruvananthapuram (India)

    I have been working at Allianz full-time for more than a year

    Pros

    Ears open to listen to employees

    Cons

    Work is not the criteria for your growth in company

    Advice to ManagementAdvice

    Be clear in judging employees. don't be biased

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Am outsorcing way to go

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Training Administrator  in  Bucharest (Romania)
    Current Employee - Training Administrator in Bucharest (Romania)

    I have been working at Allianz full-time for less than a year

    Pros

    The 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.

    Cons

    This 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 ManagementAdvice

    Put 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.

    Positive Outlook
  9. 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 for 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
  10. 2 people found this helpful  

    Software developper

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer  in  Munich (Germany)
    Current Employee - Software Engineer in Munich (Germany)

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

    Pros

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

    Cons

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

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  11. 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 for more than a 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

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