Swiss Re Reviews

Updated August 10, 2015
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3.6
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Recommend to a friend
Approve of CEO
Swiss Re Group CEO Michel M. Liès
Michel M. Liès
8 Ratings

Pros
  • Company with an xcellent work-life balance (in 33 reviews)

  • Great benefits - pension, season ticket loan (in 14 reviews)

Cons
  • Senior management focuses too much on "the numbers" that they will deliver to shareholders and not enough on what their employees are actually doing (in 10 reviews)

  • Work life balance, depends on line of business you are involved, or markets (ie (in 4 reviews)

More Pros and Cons

22 Employee Reviews

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  1. Gooc company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Armonk, NY
    Current Employee - Vice President in Armonk, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Swiss Re full-time (More than 10 years)

    Pros

    Great campus location and friendly people

    Cons

    Hard to get a promotion unless you ask

    Advice to Management

    Look within the company to hire before looking out side. Retain talent.


  2. Head Logistics Armonk

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

    I have been working at Swiss Re full-time (More than a year)

    Pros

    Overall great company to work for. The benefits are nice and their 401K plan is unmatched. Love the location in Armonk but not a ton of corporate jobs outside of NYC.

    Cons

    Salary increases are definitely hard to come by. Bonus pool is typically as planned. Does not pay as well as finance industry but it is the reinsurance industry afterall.


  3. Helpful (3)

    "Helicopter management"

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous in Armonk, NY
    Current Employee - Anonymous in Armonk, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Swiss Re full-time (More than 3 years)

    Pros

    SR has a good 401k and health benefits as well as opportunities for remote work.

    Cons

    Change is desperately needed in some areas, and to effect the "change" they only look to and value the opinion of those who have been there 20 years. When they say they "can't find anyone" for open positions that are really new skill sets to the group, what is really meant is "we can't find anyone who is exactly like we are now". High-level managers try to effect "how" something is done without having the proper skill set or understanding. Similar to "helicopter parenting", they give a long laundry list of what they "think" is right, but bear no responsibility when the implementation must occur. This "helicopter management" style drives away any real talent you may have. You will not learn much here that you can transfer to employment at other similar institutions.

    Advice to Management

    The first step in learning is to admit when you don't know something and to open your mind to new ways of doing things. The current "control freak" state of management has its' roots in that same management not really understanding what they are doing.


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  5. Helpful (6)

    Some good some bad

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Armonk, NY
    Current Employee - Vice President in Armonk, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Swiss Re full-time (More than 8 years)

    Pros

    Global company, good vacation time, good retirement benefit. Bonus can be ok but company is now capping that as well and raises are nearly nonexistent even for high rating on perf review

    Cons

    Bureaucratic, Anti-American, P&C company with disdain for the Life side of the business even though Life is a big portion of the total revenue

    Advice to Management

    Trust regional leaders instead of imposing Zurich view and destroying our market share by mandating changes that don't make sense. Give raises to employees instead of just doubling dividends for investors.


  6. Helpful (1)

    Good working environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Armonk, NY
    Current Employee - Anonymous Employee in Armonk, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Company endorses a philosophy of owning the way you work. Decent benefits and working environment. There are many training opportunities to take internal training courses and working with cross function teams.

    Cons

    Very Bureaucratic. Opportunities for advancement limited, especially at the senior management level. Annual increases minimal if any.

    Advice to Management

    Stop managing the company using dashboards and be more appreciative of staff working outside of Switzerland.


  7. Helpful (1)

    Avoid if looking for Growth!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Armonk, NY
    Current Employee - Vice President in Armonk, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Swiss Re full-time (More than 8 years)

    Pros

    Pay is good. Benefits are OK. Benefits like pension is eliminated and EPPis not attractive any more. 401K has been reduced for new joiners.

    Cons

    This company is not what it was once before. Few in upper middle management will do anything to save their job and create an unnecessiary layer. This restricts free communication and innovation. Meaning less projects that add no value and feels like things are done to just get attention and incentives. There is lot of good knowledge that is suppressed and not used. The thick middle management layer runs more on ego then knowledge and rationality.

    Advice to Management

    Clean up your culture and reduce clumsy management. Need to scale down the Director and MD levels.


  8. Helpful (3)

    Actuary's opinion

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Actuarial Analyst in Armonk, NY
    Current Employee - Actuarial Analyst in Armonk, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Swiss Re full-time (More than 8 years)

    Pros

    Quite a collaborative environment and have the ability to work abroad. Client centric organization focusing what's best for the client and shareholders.

    Cons

    A bureaucratic environment focusing too much on the process and bottom line revenue. Upper management has no clue what employees are actually doing.


  9. Helpful (1)

    Actuarial Development Program

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Actuarial Development Program in Armonk, NY
    Current Intern - Actuarial Development Program in Armonk, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Swiss Re as an intern (Less than a year)

    Pros

    Work-life balance is great, hours were flexible, and company promoted personal growth through experience in areas outside of your specified role. As an intern, I was able to meet with so many graduates and experienced professionals from other parts of the company. It was difficult getting work as an intern, but I was able to make this internship very worthwhile by reaching out, networking, and getting educated.

    Cons

    They are doing a great job improving their internship program, however some areas are lacking in their ability to work the interns, seem uninterested in having one, or are just too overloaded during quarter end for the intern.


  10. Helpful (5)

    Overall a positive experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Armonk, NY
    Current Employee - Vice President in Armonk, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Swiss Re full-time (More than 10 years)

    Pros

    The company is generally generous with respect to compensation, bonuses, retirement plans and work/life balance.

    Cons

    Heath care keeps going up as I'm sure is happening in other companies. I'm not sure the new high deductible plan is good for employees.

    Advice to Management

    It seems that is you are not a Swiss man living in Zurich opportunities for senior positions are much rarer to come by. While I have seen some change in this recently, more work needs to be done.


  11. Overall great experience. Would highly recommend the Interns@ program to anyone considering a career in Reinsurance.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Actuarial(@ Program) in Armonk, NY
    Current Intern - Actuarial(@ Program) in Armonk, NY
    Recommends
    No opinion of CEO

    I have been working at Swiss Re as an intern (Less than a year)

    Pros

    Great learning and growth opportunities as a Summer Intern. Swiss Re encourages a healthy work life balance, and has proven to be a warm and friendly environment to work in. The Armonk campus and building is beautiful and functional. The Interns@ program is a great way to get to learn about many different aspects of the re/insurance industry and encourages socializing and networking both with other interns and more senior employees.

    Cons

    Even as an Intern you still have to apply and go through the same competitive interview process as non-interns for a full time job at the company. There can sometimes be a confusion as to the many different intern programs which run throughout the summer (Interns@, Actuarial Development Program, Summer Jobs). Location (which may actually be a pro during the summer).



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