Zurich Insurance Group
3.0 of 5 71 reviews
www.zurich.com Zürich, Switzerland 5000+ Employees

71 Employee Reviews (View Most Recent)

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3 people found this helpful  

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

Anonymous Employee (Current Employee)
Zürich (Switzerland)

ProsThe 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.

ConsThe 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 Senior ManagementThe 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.

No, I would not recommend this company to a friend

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    • Work/Life Balance
           
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    5 people found this helpful  

    Bureaucratic, dysfunctional, miserable, slow

    Anonymous Employee (Current Employee)
    Zürich (Switzerland)

    I have been working at Zurich Insurance Group


    Pros: Zurich is company careers go to die. If you are looking to idle away the last few… Cons: The IT is horrendous - nothing works. Neither does anything else, really. There are no consequences for failure while success is either appropriated… Advice to Senior Management: Introduce a 360 degree review process. Fire the heads of operations, IT, and replace 60 percent of… No, I would not recommend this company to a friend More
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    A good place to work with caveats

    Anonymous Employee (Current Employee)
    Zürich (Switzerland)

    I have been working at Zurich Insurance Group


    Pros: Work like balance very good Relatively low expectations on performance means… Cons: Constant reorganizing, restructuring Always need to look for next role Advice to Senior Management: Communicate with the employees and get McKinsey out More
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