Philadelphia Insurance Companies Reviews

Pros

Flexible work environment.
No Micro management

Cons

Everyone is old
People do not deliver on time
Hard to get a hold of upper management

Advice to Senior Management

Hire some younger people and stop with all the contract positions

Pros

The Health Insurance was awesome.

Cons

Made too many demands on the employees.

Advice to Senior Management

Home Office should sit in the seat of their employees for a day and see exactly what the employees deal with.

Pros

Vacation time and year end bonus

Cons

Very difficult to move up. It is a family owned business and unless you are part of the family, you will be stuck in the middle or bottom of the food chain. No room to climb up. Some of the senior staff manages to escape gross errors because they are on the favorite list. Look elsewhere if you want to be promoted and appreciated for your effort and time. Pay is average or below industry standards. HR Dept is poorly run. One of the worst I've experiences.

Pros

non managerial employees are great to work with
benefits package is decent
free gym membership
a decent paycheck
you can make it far in the company if you are a "chosen one" and do triatholons

Cons

upper management changing job duties of employees on a daily basis
changed vacation and sick time to less days
treat the veteran staff that got them to where they are today horrible
promoting favorites rather than promoting experience
turning underwriters into marketing

Advice to Senior Management

treat employees better
think through the changes rather then rush to fix a problem
and the "if you don't like they way we do it, then leave" attitude is not a good motivational speech

Pros

They have excellent medical benefits, work is largely pressure free, excellent co-workers and a management team that trys to work on moral in a brutal market.

Cons

The company is less about underwriting and more about the marketing department. PHLY has some excellent maketing people don't get me wrong but what the marketing dapartment management and the underwriting management want are sometimes worlds apart. A little too technology happy...employees are turning into glorified data enterers.

Pros

Vacation time- 3 weeks vacation, plus additional vacation time you can buy-- my total of 4 weeks makes me re-think looking elsewhere.
Fitness oriented environment
Casual
Technology

Cons

Pay less than industry standard. This used to be inline with the workload, but now it is not.
Difficult to be promoted. They seem to have "flagged" certain ppl they want to move up the food chain and unless you are on that list it is very difficult to get on it.

Pros

Great company until they tight restrictions, but still want to see same production. The pay is pretty good with salary and commission. The benefits are great.

Cons

Manager communication not very strong.
Expense handling is different between each region. Employees must pay out of pocket first before getting reimbursed. This averaged over $1,000 per month for my territory.

Advice to Senior Management

Underwriting at home office is drastically different from regional offices. Don't change underwriters on accounts at renewal, it messes up the flow.

Pros

1.) The work is pretty easy, if you can type and are competant, you will be fine.
2.) You can listen to your iPod as long as you have headphones in
3.) they pay for part of your gym membership

Cons

It can be really routine and boring. If you are someone who needs to move around and talk to people, you won't enjoy this. It's cubicle life.

Pros

-Good networking opportunities
-A good inside view of how an niche insurance company works

Cons

-The interns are ignored
-The interns are not taught anything of importance
-Bascially a telemarketing position

Advice to Senior Management

Create a better intern program

Pros

Can be good work life balance, good gym benefit, company making good profit, stable

Cons

Not enough growth opportunities at the Company, no profit sharing or bonus program for employees.