GNY Insurance Companies

  www.gny.com
  www.gny.com
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GNY Insurance Companies Reviews

Updated June 1, 2014
Updated June 1, 2014
11 Reviews
2.9
11 Reviews
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Recommend to a friend
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Warren W. Heck
6 Ratings

Employee Reviews

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  1.  

    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 for more than a 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 Also, the computer systems were terribly outdated using old software that was probably 20 years out of date!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.

  2.  

    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 for 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.

  3. 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 for more than a 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
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  5. 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 for more than a 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
  6.  

    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 for less than a 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
  7.  

    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 for 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
  8.  

    Senior Underwriter

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

    I worked at GNY Insurance Companies for more than 5 years

    Pros

    If you don't mind underwriting anything besides apartment buildings this company is for you. No stress. No new business production goals for renewal underwriters.

    Cons

    There are separate renewal underwriters and new business underwriters for each broker. So if you enjoy marketing, you'll never have a chance to do it if your a renewal underwriter. Don't even attempt to negotiate additional vacation time, if if its an additional week unpaid. You get 2 weeks to start, additional week after 5 years.

    Advice to ManagementAdvice

    Micro management is an issue. Senior underwriters limit of authority should be increased. Compensation is way below average for Manhattan. You're told salary range is competitive by Human Resources, and when management makes you an offer it is considerably less by at least $15,000. If your not going to be more competitive with salaries at least be flexible with time off.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Enjoyed the job & people, hated the salary

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

    I worked at GNY Insurance Companies as a contractor for less than a year

    Pros

    Good location - Mid town, 8 hr workday including 1 hr lunch. Fast paced, friendly atmosphere

    Cons

    Coat & tie job, senior management is very hands on

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Desperate for a job, terrible experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Network Support Technician  in  New York, NY
    Former Employee - Network Support Technician in New York, NY

    I worked at GNY Insurance Companies

    Pros

    Got to work with current technology in terms of server hardware and software.; first exposure to IBM Websphere software; convenient midtown location.

    Cons

    Help desk system was via overhead loudspeaker; I was asked to repair a hardware device then was reprimanded for installing the required software. There were numerous warnings posted - don't take someone else's food from the refrigerator, don't write graffiti in the bathroom. Aren't people adults here?

    Advice to ManagementAdvice

    Don't focus so much on nitpicky policies and procedures, treat people like human beings not robots. Encourage, rather than punish, initiative and creative problem solving.

    Doesn't Recommend
    Disapproves of CEO
  11.  

    GNY Insurance Companies

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    Pros

    If you are interested in commercial real estate, GNY is a leading insurer of apartment buildings in the tri-state area.

    Cons

    Ridiculously outdated technology. None of the systems talk to each other. Individual computers are 7-8 years old on average. Office decor is terrible. Co-worker competency is mediocre at best, although there are some good people here, they are few and far between. Worst of all, you cannot think for yourself. Only upper management has the authority to make any decisions here. The rest of us are peons.

    Advice to ManagementAdvice

    You hired your employees to make decisions, yet you don't let them do that. If you don't trust your employees, they won't trust you. And please, for the love of god, spend some money on upgrading the technology in this place.

    Doesn't Recommend
    No opinion of CEO

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