Swiss Re

www.swissre.com
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Swiss Re Reviews

Updated February 24, 2015
Updated February 24, 2015
193 Reviews
4.0
193 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Swiss Re Group CEO Michel M. Liès
Michel M. Liès
82 Ratings

Review Highlights

Pros
  • technology & culture allow flexibility of work location, working hours, work/life balance (in 33 reviews)

  • Very intelligent people, great benefits and overall respect for private time (e (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 Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Cares about development

    Current Contractor - Anonymous Contractor
    Current Contractor - Anonymous Contractor

    I have been working at Swiss Re as a contractor (more than 5 years)

    Pros

    This is a company trying to change and support good working practices (behaviors, not just hard number results).

    Cons

    It has a risk adverse culture, so change is hard and slow!

    Advice to ManagementAdvice

    Focus on role modeling

    Recommends
    Positive Outlook
  2.  

    Actuary's opinion

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

    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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Good Compensation

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

    I have been working at Swiss Re

    Pros

    The compensation is fine, vacation is generous and the bonuses are generally good. There is even a stock program and they uplift by 30%. they contribute 12% to your 6% on the 401(k).

    Cons

    If you are not based in Switzerland management opportunities in IT are limited. Also the Swiss are quite nepotistic and money-centric. They promote each other and try to keep as much spending in Switzerland as possible. Even when traveling, Swiss (Air) is the 'preferred' airline. Our stock plan is hosted by UBS. It just kind of funny.

    Advice to ManagementAdvice

    You need to take a broader view of the word economy.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Great Place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Vice President - Software Engineer in New York, NY
    Former Employee - Associate Vice President - Software Engineer in New York, NY

    I worked at Swiss Re full-time (more than 3 years)

    Pros

    Work life balance, good pay.

    Cons

    As it is a Zurich company, promotions can be scare.

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Pleasant work place

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

    I have been working at Swiss Re full-time

    Pros

    Pretty good with salaries, not long hours, flexible, and interesting global staff

    Cons

    Can be stiff people to work with, internal politics problematic, bonuses not good, should have better training opportunities

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Great company with great people.

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

    I worked at Swiss Re full-time (more than a year)

    Pros

    Great work life balance, attainable expectations. Strong management team in place.

    Cons

    Too many internal reorganizations is confusing for employees and customers. Also, things are not always dynamic enough. It shouldn't take months to get approvals for a minor change!

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Actuarial Development Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Actuarial Development Program in Armonk, NY
    Current Intern - Actuarial Development Program in Armonk, NY

    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.

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Actuarial Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Actuarial Intern in Fort Wayne, IN
    Former Intern - Actuarial Intern in Fort Wayne, IN

    I worked at Swiss Re as an intern (less than a year)

    Pros

    Well respected name and above average pay. Employees hold each other to the highest standards. Internally competitive in a healthy way; there is not much in the way of office politics and back stabbing here. Clear expectations from the start of the internship.

    Cons

    Tends to be very bureaucratic. Senior management focuses too much on "the numbers" that they will deliver to shareholders and not enough on what their employees are actually doing.

    Advice to ManagementAdvice

    Spend more time discussing how employees can perform better instead of just how to increase the quarterly ROE.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 5 people found this helpful  

    Overall a positive experience

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

    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 ManagementAdvice

    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.

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 3 people found this helpful  

    Excellent place to work

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

    I worked at Swiss Re full-time (more than 5 years)

    Pros

    Excellent company to work for. Good salary and benefit. Work life balance mostly OK. Global exposure is a plus, people moves around within the company, lots of internal opportunities.

    Cons

    Suffered from 2008 financial crisis, business affected by industry cycles. Constant change in directions, lots of reorganization and frequent change in management in recent years.

    Recommends
    Neutral Outlook
    Approves of CEO

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