Chartis Insurance Company Reviews

Updated March 16, 2015
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  1. Great Experience

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

    I worked at Chartis Insurance Company full-time

    Pros

    I loved working at Chartis. It is a great location, great supervisors and an easy job. They also offer excellent benefits.

    Cons

    people do not hesitate to throw you under the bus even if you didn't do anything wrong. Must be careful. It can be hard to move up because you have to wait for people to leave.

    Recommends
    Positive Outlook
    No opinion of CEO
  2. Overworked and under-appreciated

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

    I worked at Chartis Insurance Company

    Pros

    broad exposure to workers comp and P/C insurance industry

    Cons

    still recovering from 2008 and very political environment

    Advice to ManagementAdvice

    provide more career opportunities

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 1 person found this helpful

    Could be a great place to work........

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

    I worked at Chartis Insurance Company full-time (more than 5 years)

    Pros

    Opportunity exists to pursue unlimited career paths within the organization. High earning potential and most employees want to do a good job and are pleasant to work with. Could be a great place to work if environment were different.

    Cons

    Disorganization due to multiple leadership changes. No long term strategy and too many directional changes makes it difficult to meet ever changing expectations. Company is very siloed with little cross departmental communication or coordination, and duplication of effort and expense. Advancement is not based on capability, but on relationships. Falling out of favor with someone in upper management could cost you your career as you are viewed as "damaged goods" and opportunities to move to other areas suddenly disappear. Many employees performance expectations and goals are not set until mid-review making achievement difficult. Unfortunately, employees are subject to a very punitive management style. Internal politics are not for the faint of heart.

    Advice to ManagementAdvice

    Treat employee with respect and managements should do the right thing, not just what is popular. Take responsibility and be accountable to the work environment and the overall health of your employees. They are your most valuable asset.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful

    Very little growth.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Financial Analyst in New York, NY
    Current Employee - Senior Financial Analyst in New York, NY

    I have been working at Chartis Insurance Company full-time (more than a year)

    Pros

    Pay is incredible. The company will give you the world if you ask for it. The building is also located in a great location, right on Water Street, with Chelsea Peer and the Brooklyn Bridge just around the corner.

    Cons

    This is a company with a lot of potential, but I find that the company provides very little appreciation for long working hours and hard work. Given the company is located in downtown NY, many personalities are very difficult to get along with. Almost everyong I've spoken to finds the work to be extremely unrewarding, and the company focuses heavily to find the best talent to provide amongst the most menial work tasks.

    Advice to ManagementAdvice

    I think the company has made vast improvements over the years, but the culture still needs some work.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6. 3 people found this helpful

    Get (under)paid to go to high school.

    Former Employee - Loss Sensitive Analyst in Berkeley Heights, NJ
    Former Employee - Loss Sensitive Analyst in Berkeley Heights, NJ

    I worked at Chartis Insurance Company full-time

    Pros

    Gives new college grads corporate work experience, including various types of software and communicating with colleagues at various levels.

    Cons

    VERY clique-y. A few full grown adults, but the vast majority are very, very clique-y.
    Promotions, raises, etc felt dependent on who you socialized with as much as or more than the work you did.
    It was like getting (under)paid to go to high school.

    Advice to ManagementAdvice

    Hire adults who are sociable, but want to work...not people who want to re-create their high school glory days.

    Doesn't Recommend
  7. 2 people found this helpful

    Nice Work if you can keep it.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Manager in Jersey City, NJ
    Former Employee - Senior Manager in Jersey City, NJ

    I worked at Chartis Insurance Company full-time (more than 10 years)

    Pros

    The people I worked with were great - a feeling of us against upper management

    Cons

    AIG is a meat grinder according to a CIO i spoke with. The forced ranking system is ultra unfair. you are goup with you "peers" and you boss needs to fight for you to stay out of the bottom 20%. Getting great reviews consistently over the years won't help if they need to lose 20% of their employees because the manager who kicks in more people into the lowest group gets rewarded for saving costs. If you group is currently 'out of style' you've had it. no reassignment.

    Advice to ManagementAdvice

    submit yourselves to the forced rankings. you are currently exempt.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  8. Great People!

    Former Intern - Underwriting Intern in Boston, MA
    Former Intern - Underwriting Intern in Boston, MA

    I worked at Chartis Insurance Company as an intern (less than a year)

    Pros

    The people are great--very laid-back. They are willing to help you if you don't understand a certain concept.
    Also, it was easy to talk to the managers.
    It is a big/well-known company--so can help you boost your resume.
    Definitely learn a lot on the spot.

    Cons

    The system they use for accounts needs to be improved.

  9. 2 people found this helpful

    Big Brother is not mining the store.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Manager in New York, NY
    Current Employee - Account Manager in New York, NY

    I have been working at Chartis Insurance Company full-time (more than 10 years)

    Pros

    Good place to violated all HR regulations and not worry about being reprimanded.

    Cons

    A Company that strives on nepotism and popularity is more important than work productivity.

    Advice to ManagementAdvice

    Clean house of Senior and Middle Management!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. Good place to work if you like to work hard and are competitive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Regional Underwriting Manager in Boston, MA
    Former Employee - Regional Underwriting Manager in Boston, MA

    I worked at Chartis Insurance Company full-time

    Pros

    People who meet their budget objectives have the potential to move much faster than those who do not.

    Cons

    May be difficult to move up without moving to a new region. May have to periodically seek jobs from other insurance companies to make sure your income remains at market. They will often counteroffer if you are good and tell them that you are planning to leave for another job.

    Advice to ManagementAdvice

    Continue to reward and promote based on the numbers.

    Recommends
    Neutral Outlook
  11. 1 person found this helpful

    Science Group? Look before you Leap (join)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Anonymous Contractor in New York, NY
    Former Contractor - Anonymous Contractor in New York, NY

    I worked at Chartis Insurance Company as a contractor (less than a year)

    Pros

    The Science group has lots of interesting projects.

    Cons

    This is a newly formed group, which I felt moved like a rudderless ship. It is dominated by MBA culture. The name SCIENCE is only to impress people. The people running the show, either have little knowledge on how science or scientific projects are done, or what takes to. Strangely enough, the company which had so far been doing '0' analytics, expects analytical projects to be done at the speed of cooking a dish. Very poor in conceiving the whole project in terms of data availability, meaning of the data, data preparation, and their importance to start with, let aside the analytical concepts. The attitude is use SAS and Bingo(!) results are out. No time to think, if the concepts are robust, and the results are going have long-term validity.

    If you are hired as a consultant: the recruiter will tell you that you may be made permanent in say, 6 months! Uhm! Very Careful, they may fire you with a few hours notice long before your contract period is over! Well, if you are desperate, do not stop the job hunting process! In my case both the modelers fired the same time: the boss says: Apologies: we should have first recruited some people (more MBAs?) who could supervise your analytical work!

    Advice to ManagementAdvice

    First try to understand how scientific projects are done. Plan the projects properly and initially try to solve the problem locally before involving off-shore researchers. Long meetings with vague agendas involving large number of people only waste time and money. And, if in a meeting on an analytical project there are more than one or two non-hands-ons, there is some thing wrong. By the way, the people you put on the top: have they any publication record in real-life/industrial processes since they left their universities?

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