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

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

Sort: Rating Date
  1. 3 people found this helpful  

    No upside

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

    I worked at Travelers Companies full-time (more than 10 years)

    Pros

    Good co-workers who are knowledgeable.

    Cons

    HORRIBLE management in upstate NY, Bad culture, can't move up if do a good job, want you to do work of others who retire rather than hire, no raises just bonuses that are taxed high, computers systems antiquated making easy job difficult. Everything by the book - NO EXCEPTIONS - even if does not make sense. HR doesn't care.

    Advice to ManagementAdvice

    If you never did, or cannot do the job of your underlings, then leave and find a job YOU want rather than soak up a paycheck for being useless and have underlings talk about your ineptitude and how you only want to talk about reality tv shows in meetings.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Excellent company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at Travelers Companies full-time (less than an year)

    Pros

    30,000 employees, frugal, everyone I have met is busy and sharp and trying to gain an edge.

    Cons

    Normal new job frustrations, of geting to know where to find what, and which rule applies to an application.

    Advice to ManagementAdvice

    None.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Travelers Companies

Work at Travelers Companies? Share Your Experiences

Travelers Companies

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.