Travelers Companies

  www.travelers.com
  www.travelers.com
There are newer employer reviews for Travelers Companies

1 person found this helpful  

Good Company if you want to work and get things done

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Underwriter in Tampa, FL
Former Employee - Underwriter in Tampa, FL

I worked at Travelers Companies full-time (more than 3 years)

Pros

Underwriting software is adequate, allowing underwriters to price accounts quickly, allowing them to focus on selling and negotiating.
"Learning Travelers" can be done within a year on the job (not the case with other insurance companies).
"Getting things done" is very practical if you are organized, have a positive attitude and want to work. Not a lot of red tape. Management and company want to get things done.
Procedures, documenation and processes are very clear and practical, facilitating speed and productivity. (again, not the same at other insurance companies).
Benefits: Roth 401(K); Pension;
Company is respected and has pricing power. Doesn't mean you'll write all accounts. And you need to be able to sell and negotiate. But price does matter in insurance business, and anyone who says otherwise is kidding themselves.
CEO has 10+ years of insurance experience, has done a good job, is respected on Wall Street.
Large company, with opportunities for advancement, especially if you are mobile.
Financially stable company (part of the Dow Jones Industrial Average).
Diverse businesses: Technology insurance (one of the best in the industry); international;
Senior management is pretty good. Many of the senior officers in home office, and at the departmental level, have been there for a long time. Many technically competent professionals there.
Lots of opportunities to learn.

Cons

Cons are minor all things being equal.

Salary is adequate, but could be better.
401(K) match is lump sum at end of year. Of course, at least they still have a company match.

Advice to ManagementAdvice

Pay a little better. Also: Invest some more money in underwriting software, pipelining software for tracking prospects, could further increase productivity of underwriters.

Recommends
Positive Outlook
Approves of CEO

729 Other Employee Reviews for Travelers Companies (View Most Recent)

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  1. 2 people found this helpful  

    Working for Travelers is demanding and rewarding ... it is never boring!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Premium Auditor in Richmond, KY
    Current Employee - Senior Premium Auditor in Richmond, KY

    I have been working at Travelers Companies full-time (more than 10 years)

    Pros

    Travelers pays very well and is diligent about attempting to ensure that all employees are treated fairly. They place a high value on diversity and what it can bring to the workplace. Success is celebrated with both money and recognition.

    I've left the company a few times for other interesting opportunities and have always been hired back. Instead of being resentful that I left, my department was excited that I returned with new skills and insight.

    Cons

    Change and official embracing of innovation comes about slowly. Travelers is not at all adverse to change, but the method of having new processes installed is cumbersome and takes a great deal of time.

    Advice to ManagementAdvice

    There are far too many scenarios within the company, particularly at the front line manager level, where the best interests of the company and the employee are not in line. This creates conflict and drains efficiency.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Good company, but will reward only top performers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Claims Adjuster in Milwaukee, WI
    Former Employee - Claims Adjuster in Milwaukee, WI

    I worked at Travelers Companies full-time (more than an year)

    Pros

    Respected in the insurance industry. Competitive salary and very competitive vacation package. Expectations and goals are transparent.

    Cons

    Raises and bonuses are awarded only to top performers. If you are not among that small group, then your salary and career will not develop quickly, if at all.

    Advice to ManagementAdvice

    Continue to spend resources on employee development. Make it easy for employees to transfer to different departments if they languish in the one they are currently in.

    Recommends
    Neutral Outlook
    Approves of CEO
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