GNY Insurance Companies Reviews

Updated July 12, 2015
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2.9
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Elizabeth Heck
4 Ratings

20 Employee Reviews

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  1. Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Underwriter in New York, NY
    Current Employee - Senior Underwriter in New York, NY

    I have been working at GNY Insurance Companies full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Stable and financially strong company with down to earth management who care enough to be involved in the day to day.

    Cons

    Some people are stuck in the past and refuse to recognize all of the positive changes made to the company.

    Advice to Management

    Keep listening to your employees and remind everyone how great it is to be part of an organization that is successful and cares.


  2. underwriter

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

    I worked at GNY Insurance Companies (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    company offers excellent medical and dental plans

    Cons

    Senior Management needs to value experienced staff


  3. Legal

    Former Employee - Legal Secretary
    Former Employee - Legal Secretary

    I worked at GNY Insurance Companies

    Pros

    Good benefits and good people

    Cons

    None that I could think of


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Junior Underwriter

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

    I have been working at GNY Insurance Companies full-time

    Neutral Outlook
    Approves of CEO
    Neutral Outlook
    Approves of CEO

    Pros

    This is a 9-5 job and you are off every weekend. GNY just switched over to a PTO schedule where you get 19 days off throughout the year to use for any reason which is more than what most companies offer.

    Cons

    They say its a salary job but they still make you clock in and out everyday like we're children. The worst part about the job is the pay. The cost of living is so expensive in NY and GNY does not pay enough which is the reason they have so much trouble retaining their employees.

    Advice to Management

    Increase your employees salaries so they won't keep leaving for higher paying jobs. This will help you retain your employees so you won't have to keep hiring and retraining new ones.

    GNY Insurance Companies Response

    May 5, 2015 – Talent Acquisition Specialist

    We recently changed to a new payroll system and we are now having our Junior Underwriters record their time weekly which is similar to salaried employees.


  6. Terrible Experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Rater in Glastonbury, CT
    Former Employee - Rater in Glastonbury, CT

    I worked at GNY Insurance Companies full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Office was close to home. Good parking.

    Cons

    Not allowed to think for oneself. Not respected by management always felt as if I was not appreciated for doing a good job. Never any praise for doing a good job but always called out if the job wasn't done the way they thought it should have been done. Even if your way was better. Pay was not up to par compared to other companies in the area. No advancement opportunities. Co-workers were friendly and easy to work with. Office was close to home and there was ample parking.

    Advice to Management

    Treat your employees with more respect.


  7. Great place to work for stability and growth.

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

    I have been working at GNY Insurance Companies full-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The company culture is down to earth and people care about you.

    Cons

    Some processes need to be formalized but this also provides needed flexibilityt to make case by case decisions.

    Advice to Management

    Keep listening to your employees espeically the newer and younger generation.


  8. This Company is the one you would want to work at forever!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Accountant in New York, NY
    Current Employee - Accountant in New York, NY

    I have been working at GNY Insurance Companies full-time (More than 8 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Health benefits are one of the best in the industry. People here are amazing to work for/with. You learn so much about the different aspect of insurance that it makes you better at what you do. The environment at the workplace is very friendly. There is room for growth.

    Cons

    There aren't really any cons that I can think of that would be a turn off to work here.

    Advice to Management

    Keep up the great work!


  9. Overall A Good Experience

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

    I have been working at GNY Insurance Companies full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Strong and consistent form of doing business. Although many would feel the company size is small as a negative, there are a great deal of relationships that are formed which build a community you want to come to work everyday for. This is the type of company you would be able to stay for a long time, the type where company loyalty still exists both from management to their employees but also from employees to management. The company has also just turned 100 years old showing their stability.

    Cons

    HR cracks down on performance and attendance too much however at least the managers actually fight for their employees.

    Advice to Management

    Give more feedback.


  10. Worst insurance company to work for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at GNY Insurance Companies full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    You can learn a lot here.

    Cons

    They treat their employees like children. If your one minute late in the morning or from lunch, they dock you and keep track of it. Unbelievable.

    Advice to Management

    Treat people like adults and appreciate your employees.


  11. GNY is a horribly run company.

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

    I worked at GNY Insurance Companies full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The experience so you can get a job somewhere else.

    Cons

    Management is extremely old and out of touch with young junior underwriters. Underwriting department has the highest turn over. There is no orientation when they hire you. You are isolated on purpose on others if you are a trainee.

    Advice to Management

    Become more flexible. Let employees roll over vacation days from year to year. Add snacks to the kitchen for employees. Give them Columbus day off. Be more transparent to your employees. Stop saying we are growing when you are firing at will.

    GNY Insurance Companies Response

    Nov 6, 2014 – Talent Acquisition Specialist

    Overall, we have historically maintained low turnover compared to our industry. A good portion of recent turnover has been due to retirement. Our most recent paid time off policy does allow roll over ... More



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