Economical Insurance Group
3.0 of 5 26 reviews
www.economicalinsurance.com Waterloo, Canada 1000 to 5000 Employees

Economical Insurance Group Reviews in Canada

Updated Mar 3, 2014

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2.8 20 reviews

                             

25% Approve of the CEO

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Karen Gavan

(4 ratings)

36% of employees recommend this company to a friend
20 Employee Reviews Back to all reviews
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Uncertainty

Anonymous Employee (Current Employee)

I have been working at Economical Insurance Group

ProsGreat people/ good local management

ConsTransformation uncertainty. Waiting forever

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Sweat Shop type of environment

Claims (Former Employee)

I worked at Economical Insurance Group full-time for less than a year

ProsNice Offices facilities and Desks but that about it.

ConsNot possible to complete assignments due to volume of work.

Advice to Senior ManagementGet some management who know what they are doing

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

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Was once a fabulous employer; not so anymore. But has potential to fix that.

Anonymous Employee (Former Employee)

I worked at Economical Insurance Group full-time for more than 8 years

ProsLarge company with many areas to rotate into and develop various skills
A handful of fantastic leaders at various levels of the organization

ConsCurrently, attitude is to get more done with less resources
Lack of communication with employees, resulting in low morale

Advice to Senior ManagementCommunicate with your employees - allow information to flow in all directions and listen to what they have to say. Low morale is only going to hurt productivity, and thus the bottom line.

No, I would not recommend this company to a friend

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Claims

Bodily Injury (Former Employee)
Calgary, AB (Canada)

I worked at Economical Insurance Group full-time for more than 3 years

ProsGood people, company treats people well, good benefits, staff functions. Work load is manageable, flexibility.

ConsLack of formal training, lack of continuity in processes, environment has changed, staff do not interact due to changing environment. Systems don't interact.

Advice to Senior ManagementRemember what made the company great to begin with, it is losing that with their business transformation.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Used to be a good company, but now...

Anonymous Employee (Former Employee)

I worked at Economical Insurance Group full-time for more than 3 years

ProsWork life balance, good people

ConsRe-org, lack of job security, people get demoted instead of promoted. managers got bigger paycheck instead..

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

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Great company to work for.

Anonymous Employee (Former Employee)

I worked at Economical Insurance Group

Pros-Good work environment.
-Some what flexible hours.
-Engaged in improving current processes.
-There is a lot of emphasis placed on keeping up with the latest technologies.

ConsI only worked at Economic Insurance Group as a co-op for 4 months and in that time did not pick up on any cons.

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Just Ok

Commercial Underwriter (Current Employee)

I have been working at Economical Insurance Group full-time for more than 3 years

Pros- Reasonable if not over-rated training program
- Seemingly secure job position depending on department and role

Cons- Management changes occur on what seems like a monthly basis
- Pay isn't very good
- Employees do not seem very happy

No, I would not recommend this company to a friend

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Poor Management

Technical Analyst (Former Employee)
Waterloo, ON (Canada)

I worked at Economical Insurance Group full-time for more than a year

Prossomething of a gym, mostly great staff

Conspoor management, slow to make any decisions, management doesn't like you talking to other managers or especially senior managers or God forbid you talk to C level person.

HR doesn't stick up for their employees. Will believe what Managers say as the truth.

Advice to Senior ManagementMake a open door policy and fire all of HR. Need to make a collobrative environment

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

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Good place to work

Manager (Current Employee)
Waterloo, ON (Canada)

I have been working at Economical Insurance Group full-time for more than 10 years

ProsGreat work-life balance. Focus on hiring from within for opportunities.

ConsCulture of complacency. Lack of accountability.

Advice to Senior ManagementHold people accountable for results and ensure goals support collaboration.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Good

Business Analyst (Current Employee)
Kitchener, ON (Canada)

I have been working at Economical Insurance Group full-time for more than 3 years

ProsProfessional company with lots of opportunity

ConsGoing through a transition period causing internal frustration

Advice to Senior ManagementOrganize the change management process

Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Economical Insurance Group reviews and ratings in Canada — including employee satisfaction and approval rating for Economical Insurance Group CEO Karen Gavan. All 20 reviews posted anonymously by Economical Insurance Group employees.