GNY Insurance Companies

  www.gny.com
  www.gny.com

GNY Insurance Companies Reviews

Updated October 30, 2014
Updated October 30, 2014
15 Reviews
2.9
15 Reviews
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Recommend to a friend
Approve of CEO
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Warren W. Heck
10 Ratings

Employee Reviews

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  1.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

    Keep up the great work!

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Overall A Good Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 an year)

    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 ManagementAdvice

    Give more feedback.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Worst insurance company to work for

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

    Treat people like adults and appreciate your employees.

    Doesn't Recommend
    Neutral Outlook
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  5.  

    GNY is a horribly run company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Great Atmosphere, all levels of personnel, including executives are friendly and approachable - Hope to Work There Again

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

    I have been working at GNY Insurance Companies full-time (more than an year)

    Pros

    I started working at GNY in 2007 in the Accounting Department as an Accounts Payable Clerk. Eventually, a role with more responsibility in the main accounting department opened up. I asked if I could move into the position and they offered it to me, so yes, there is room for growth. The company had very good traning programs to advance skills. It was a very relaxed, friendly environment and management was down-to-earth and approachable. The hours were very good, 9-5 with paid lunch. At the time I was there, I received 100% paid medical benefits and a very good 401 (k) package.

    Cons

    They pay was terrible. I loved working there but had to leave because they would not budge as far as increasing my salary. Also, the computer systems were terribly outdated using old software that was probably 20 years out of date! Besides that, all the pro's outweigh the con's. ...Wish I still worked there, miss everyone!

    Advice to ManagementAdvice

    Offer a more competitive salary. Your company and people are wonderful! I enjoyed going to work every day and never had any distress with anyone. I would love to come back someday!

    Recommends
    Positive Outlook
    Approves of CEO

    GNY Insurance Companies Response

    Aug 12, 2014Talent Acquisition Specialist

    Thank you for the feedback. We do strive to pay competitive salaries as well keep our rich benefit program including generous time off and pension plan.

  7.  

    Working for GNY was a great learning experience.

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

    I worked at GNY Insurance Companies full-time (more than 5 years)

    Pros

    GNY has great training programs.

    Cons

    They do not handle as many commercial lines in comparison to other leading insurance companies.

    Doesn't Recommend
    No opinion of CEO

    GNY Insurance Companies Response

    Aug 12, 2014Talent Acquisition Specialist

    We take pride in our long standing training programs. Since we are a niche carrier, we offer a certain product of services.

  8. 1 person found this helpful  

    Great Experience

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

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

    Pros

    It was refreshing to be able to participate in an area truly devoted to change. The leadership was strong and willing to work together with the team to develop solutions that would work to improve results. The goals were clear and the environment was supportive which helped us to succeed.

    Cons

    It takes time to see the results of change. The Company should find ways to expedite the process of getting the word out.

    Advice to ManagementAdvice

    I joined GNY at the tail end of my career and having worked at other companies prior to GNY, I recognize the benefit of being at a place where management cares enough to be involved in the day-to-day. You should be more public about internal successes and achievements because there are many worth applauding.

    Recommends
    Approves of CEO
  9. 1 person found this helpful  

    Micromanaged company with extremely dissatisfied employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriting Trainee in Quincy, MA
    Former Employee - Underwriting Trainee in Quincy, MA

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

    Pros

    It is a paying job

    Cons

    Micromanaged by people who lack leadership skills. Guidelines change every 6 months which lead to high amounts of non-renewals and are wedging themselves out of the niche market that they so highly desire

    Advice to ManagementAdvice

    Listen to employees when help is asked for. Don't pile on more work in spite of it. The company is unable to grow and reach true potential due to the window getting smaller and smaller (changing guidelines)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Glad I left

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

    I worked at GNY Insurance Companies full-time (less than an year)

    Pros

    The small office environment really worked for me initially

    Cons

    Benefits and pay are both lacking. Technology is lack luster. High turn over. No advancement opportunities. The culture is such that everyone is out for themselves.

    Advice to ManagementAdvice

    The high turnover should be an indication that the culture of your company leaves something to be desired. The definition of insanity is doing the same thing over and over again and expecting different results. You'll never retain REAL talent without making some changes.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Strong Underwriting Culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 8 years)

    Pros

    The company has a rich history and strong underwriting culture whereby it is clear that employees are expected to "do the right thing" which fosters pride in the day to day successes of individuals and the company as a whole. The work environment is pleasant and supportive. Training and development is available both in-house and through tuition reimbursement and encouraged by management.

    Cons

    Employee communication is not as strong as it should be. Departments are very good about working together, but there is not enough group-wide correspondence.

    Advice to ManagementAdvice

    Employee communication could and should be improved. Employees care about the company and if asked would offer great suggestions.

    Recommends
    Approves of CEO

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