Farmers Insurance Group

www.farmers.com
Employer Engaged
There are newer employer reviews for Farmers Insurance Group

 

Great opportunities & expansion into global parent

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Account Executive in Los Angeles, CA
Current Employee - Account Executive in Los Angeles, CA

I have been working at Farmers Insurance Group full-time (more than 3 years)

Pros

1. A lot of growth opportunities and experiences (e.g. internal and in parent company Zurich).
2. "Family" culture where local employees feel like they are part of a family.
3. C-Level executives are very 'down to Earth' and approachable (e.g. no Ivory Tower).
4. Many programs for change and adapting the business to the needs of the market to be more competitive are heavily supported from CEO.
5. Strong brand and long history of presence in the U.S..

I would and have recommended this organization to friends, family, and strangers! I believe in Farmers and have confidence change will happen.

Cons

1. Internal politics - local business units (e.g. Farmers Management) vs. regional and global business units (e.g. Zurich Insurance Company) make it challenging to work collaboratively.
2. Unknown strategy with 21st Century - needs more investment not neglect.
3. Heavy reliance on agency force to deliver growth - this is not sustainable, look at the market!
4. Many long tenured employees and leaders who slow down forward movement for change (e.g. afraid of change).

The strengths outweigh the weaknesses, but we need a stronger push to change faster!

Advice to ManagementAdvice

1. Invest in a strong direct business to cater to younger generations - if the current model does not change Farmers will not be agile and competitive (e.g. compare to Allstate, Statefarm, & USAA).
2. 'Confidential planner' is not a growth sustainable target group for growing the business - need more partnership with retailers and direct access.
3. Rates and customer services competitiveness - we should be in the front of the pack, not the rear.

Recommends
Negative Outlook
No opinion of CEO

941 Other Employee Reviews for Farmers Insurance Group (View Most Recent)

Sort: Rating Date
  1.  

    I had no idea how lucrative the insurance industry can be.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Agent in Bloomington, MN
    Current Employee - Agent in Bloomington, MN

    I have been working at Farmers Insurance Group full-time (less than a year)

    Pros

    Unlimited Commissions – The sky is the limit. The harder you work, the more $$ you make.
    Flexible schedule
    Recession proof industry – what other product can you sell that is required by law?
    Be your own boss!
    Phenomenal training and support.

    Cons

    No "Cons" to list at this time

    Advice to ManagementAdvice

    Keep hiring great people

    Recommends
    Positive Outlook
  2.  

    inexperienced management held me back

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Insurance Agent in Agoura Hills, CA
    Current Employee - Insurance Agent in Agoura Hills, CA

    I have been working at Farmers Insurance Group full-time (more than a year)

    Pros

    My District Manager was very good

    Cons

    they are lost rates are too high

    Advice to ManagementAdvice

    hire more competent management and better training

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for Farmers Insurance Group

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