There are newer employer reviews for Zurich Insurance Group
There are newer employer reviews for Zurich Insurance Group

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Helpful (3)

Silo-driven, heirarchical corporation which has ossified in its own red tape

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Zürich (Switzerland)
Current Employee - Anonymous Employee in Zürich (Switzerland)

I have been working at Zurich Insurance Group

Doesn't Recommend
Disapproves of CEO
Doesn't Recommend
Disapproves of CEO

Pros

The compensation is adequate and expectations are low. If you are looking to see out the last days of your career or have no ambition whatsoever then this is a comfortable place to see out your career. You can expect no challenges, no desparate demands on your time and they're unlikely to go bankrupt.

Cons

The management structure is completely opaque, there are no clear lines of responsibility and no consequences for failure. As a result, nothing much ever gets done. The IT infrastructure is horrible, truly embarassing, and the company is a mess operationally. The business is heavily siloed, each segment operates completely independently, as do the business units within each segment. This gives zero insight into actual accountability, projects are duplicated and often killed off at a late stage due to lack of interest or energy... it's a mess.

Advice to Management

The first step is to remove the heads of Group Operations and IT. The company also needs to radically revise its incentive and review structures to reward performance, identify and disincentivise failure and to thin the wheat from the chaff in middle management. A 360 degree review process and a more generous but variable bonus scheme based on actual performance metrics would be a good start.

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  1. Helpful (6)

    Bureaucratic, dysfunctional, miserable, slow

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Zürich (Switzerland)
    Current Employee - Anonymous Employee in Zürich (Switzerland)

    I have been working at Zurich Insurance Group

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Zurich is company careers go to die. If you are looking to idle away the last few years of your career with zero challenge then it is perfect. The offices are full of happy pensioners.

    Cons

    The IT is horrendous - nothing works. Neither does anything else, really. There are no consequences for failure while success is either appropriated or envied. The bureaucracy is unfathomable, truly surreal. You soon learn not to go for the prize... as everybody has learned long before you.

    Advice to Management

    Introduce a 360 degree review process. Fire the heads of operations, IT, and replace 60 percent of the staff in those functions. Introduce a three-strikes policy for your senior executive with zero tolerane for failure.


  2. A good place to work with caveats

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Zürich (Switzerland)
    Current Employee - Anonymous Employee in Zürich (Switzerland)

    I have been working at Zurich Insurance Group

    No opinion of CEO
    No opinion of CEO

    Pros

    Work like balance very good Relatively low expectations on performance means both frustration as well as sailing

    Cons

    Constant reorganizing, restructuring Always need to look for next role

    Advice to Management

    Communicate with the employees and get McKinsey out


There are newer employer reviews for Zurich Insurance Group
There are newer employer reviews for Zurich Insurance Group

See Most Recent

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