Swiss Re Reviews

Updated September 15, 2014
Updated September 15, 2014
171 Reviews
4.0
171 Reviews
Rating Trends

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

Review Highlights

Pros
  • technology & culture allow flexibility of work location, working hours, work/life balance (in 23 reviews)

  • Very intelligent people, great benefits and overall respect for private time (e (in 13 reviews)


Cons
  • High turnover, senior management misunderstood (in 8 reviews)

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

More Highlights

Employee Reviews

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  1.  

    Actuarial Intern

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

    I worked at Swiss Re as an intern for 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
  2.  

    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 for 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
  3.  

    Actuarial Development Program

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

    I have been working at Swiss Re as an intern for 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
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  5. 2 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 for 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
  6. 2 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 for 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
  7.  

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

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

    I have been working at Swiss Re as an intern for 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).

    Recommends
    No opinion of CEO
  8.  

    Good Company

    • 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 for more than 8 years

    Pros

    Culture, benefits, challenging work environment

    Cons

    In some positions opportunity for advancement can be limited

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    equity analyst

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

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

    Pros

    Flat org structure, open offices layout, easy access to the management and top management, performance review very fair and quantitative

    Cons

    hard to move from one group/division to another. Not much strategic transparency

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Stable, interesting job

    • 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 full-time for more than 5 years

    Pros

    9-5 hours, challenging and dynamic work environment, good pay and generous bonuses if you perform well. Also offers stock profit sharing plan, v. good benefits including 401k double match.

    Cons

    Swiss-headquartered, management acts as if US were a "satellite" office even though we write 65%+ of the business. Will never win a "best company to work for" award in US given poor HR policies.

    Advice to ManagementAdvice

    To become an employer of choice, treat your employees better! Too many examples of bad practices, emphasis should be on the individuals and not the policies. HR policies intended to benefit employees are unevenly doled out by managers who think they know better.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Excellent grad program, great benefits

    • 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 Swiss Re as a contractor

    Pros

    Having a home base in Switzerland is a double edged sword, great international exposure but if you're based in the US, you may not always be involved in decisions that impact your career

    Cons

    Separated from home base in Switzerland

    Advice to ManagementAdvice

    Rotations for full time employees were popular for a while, but seem to be declining- these are real incentives/growth opportunities for employees, please continue them

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