Allianz Reviews | Glassdoor

Allianz Reviews

Updated July 20, 2017
172 reviews

Filter

Filter


3.0
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Allianz CEO Oliver Bäte
Oliver Bäte
25 Ratings

172 Employee Reviews

Sort: PopularRatingDate

Pros
  • Work life balance: possibility to take days off (2 (in 78 reviews)

  • the working environment is so nice (in 27 reviews)

Cons
More Pros and Cons

  1. "Underwriting"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriting in Novato, CA
    Former Employee - Underwriting in Novato, CA

    I worked at Allianz (More than 10 years)

    Pros

    Allianz has great benefits and a casual working environment with flexibility

    Cons

    You never know when you are going to get laid off which is a routine activity. Allianz is moving operations and support jobs to India on a global basis, leaving no career path or options for redeployment. There is a big question mark on where the transfer to India stops.

    Advice to Management

    Management seems to have detailed strategies for success but the plans do not include the rank and file workers for future employment. No one know how many jobs will be moving to India and at what levels.


  2. Helpful (1)

    "Training Materials Need Updating and Trainers Need Training"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Account Technician in Chicago, IL
    Former Employee - Account Technician in Chicago, IL

    I worked at Allianz full-time (Less than a year)

    Pros

    The vacation benefit was excellent!

    Cons

    I worked in the Chicago office on Monroe Street. There was inadequate seating for employees who wanted to stay in and eat lunch. The employee premium contribution for medical insurance was quite a bit more than my previous employer. When I was hired for this position, I was told I would be working with four underwriters. I was assigned accounts belonging to eleven underwriters. I had the same number of accounts assigned to me as coworkers who had been there for 10+ years. During the interview, I was told I would eventually take on international accounts. When I was assigned my accounts, international accounts were assigned from the beginning. One long-term employee was assigned domestic accounts only. I don't know why she received special treatment. Training for Account Technicians needs to be improved (see the Advice to Management section for details).

    Advice to Management

    Training for Account Technicians needs to be improved. I was required to complete several insurance classes online. The online training system did not operate properly. I had received a message indicating Java needed updating. I updated Java. The computer tech advised that I should not update Java because the training system would not work properly. Due to Java issues, I had problems seeing certain sections of the training and seeing and answering certain test questions. I skipped those questions and then failed the test because I didn't accumulate enough points. Very frustrating! When the tech finally resolved the issue, I had to go through the training and testing process again. It took way too much time. I also received a Java error message each time I entered payroll. I had three trainers. Though using outdated training materials designed for a different department/line of business, one of my trainers did an excellent job. She was thorough, took her time, and went step-by-step through the one process she trained me on. I felt confident in her ability to train and audit my work. I was off audit and on my own quite quickly for this process. Unfortunately, shortly after I finished my training, the department learned this process was going to be moved to the St. Louis office. A few weeks into my training, my second trainer took on additional job responsibilities. The way she trained changed: When the man that sat across from her was at his desk, she would train slowly; when the man was not at his desk, she would train super fast. When I mentioned to her in an email that she should let me know if she didn't have enough time to train me (because of her added responsibilities), she came over to my desk and told me not to email anything like that again . . . tell her verbally. I found her to be untrustworthy in her auditing. I completed an endorsement using the same format another employee had used previously. I emailed my trainer the endorsement for her to review/audit. I received an auto email response indicating she had opened the email I sent. Thirty seconds later, she responded that the endorsement was good. I doubt she could have reviewed the endorsement in 30 seconds. This was confirmed the next day when I completed a similar endorsement for a different time period. My trainer said the endorsement was incorrect. I advised her that she had reviewed and approved a similar endorsement the previous day and that another employee completed the endorsements in this manner. I could hear her talking to someone (I expect the other employee) in a loud, animated manner. She advised I should send the endorsement through as it was (though not correct) and to not go back and change the endorsement I completed the previous day. She also provided me with a training manually that was marked up with somebody's notes. She made the comment that I like notes, so this manual should work for me. I do like to take my own notes, but I don't want a manual marked up with notes written by another person. I don't know how good their notes are! I also used the department spreadsheet to email an international contact. I didn't receive a response. I finally found out that the contact had left the company more than a year prior (there needs to be more communication and the spreadsheet needs to be updated so time is not wasted emailing incorrect contacts). When I asked if the person who maintains the spreadsheet had been advised to remove the contact, she got upset and blew off my question. My third trainer was a very nice person. She had just returned from a long-term leave and was trying to refresh her own memory about the processes. We were both told that I should "shadow" her, but we found out later that she was actually supposed to be training me on the processes (not just letting me "shadow").

  3. "CSR"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Richmond, VA
    Current Employee - Customer Service Representative in Richmond, VA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    relax easygoing and fun staff

    Cons

    pay increase is small and slow

    Advice to Management

    none


  4. Helpful (3)

    "Times have changed"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Technician in O'Fallon, MO
    Current Employee - Account Technician in O'Fallon, MO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Allianz full-time

    Pros

    Great benefits; opportunities to move around the company; great work life balance; able to work from home as needed

    Cons

    Constant fear that you will be laid off. Upper management is leaving in droves. Poor morale; expect us to work cohesively with Allianz India even though they will take our job.

    Advice to Management

    Management is in the same boat as everyone else so good luck to keeping your job as well. Be transparent and stop dragging us along when answers are already there


  5. Helpful (1)

    "REOS AGCS Americas"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Recommends
    Neutral Outlook

    I worked at Allianz full-time (More than 5 years)

    Pros

    Great benefits and organizational structure

    Cons

    No room for career advancement


  6. "Not bad for just wish they were more honest."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Billing & Collections in O'Fallon, MO
    Current Employee - Billing & Collections in O'Fallon, MO
    Recommends
    Negative Outlook

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

    Pros

    Good Benefits. Pretty good culture if your not looking to advance too much.

    Cons

    Pay is a bit on the low side. They say they want everyone to be transparent and honest but management is very secretive and will use your honesty against you. Micromanaging. They treat their employees like children with strict schedules and time keeping practices. Big into you not talking about your pay even though telling you not to violates federal law. They talk a lot about work life balance but do little to actually make it better.

    Advice to Management

    Stop playing games in management. Favoritism does not help the company. Walk the walk don't just talk the talk. Pay people with the area's cost of living in mind. If you need to monitor someone so closely and be on them about every second and thing they do maybe you shouldn't have hired them. Don't try to puff up your pay by calculating the benefits in our pay.


  7. "Good Company - Poor Compensation"

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

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

    Pros

    Good company with many experienced and helpful people. A lot of opportunity to relocate throughout the world and a lot of room to rotate into new positions at the company.

    Cons

    Compensation is poor. Too many managers and employees who work from home. Many managers are MIA throughout the day. Systems are terrible.

  8. "Contractor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Glen Allen, VA
    Current Employee - Business Analyst in Glen Allen, VA

    Pros

    Great culture, excellent non-insurance benefits

    Cons

    Some people managers are better suited to be individual contributors


  9. Helpful (2)

    "Compensation is way too low and ALL jobs are going to India"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Technician in O'Fallon, MO
    Current Employee - Account Technician in O'Fallon, MO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Flexibility with schedules, family friendly management, location, free Starbucks

    Cons

    ALL positions are being offshored to India to save cost, very hard to move up, secretive management

    Advice to Management

    KEEP JOBS IN AMERICA


  10. "Finance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Flushing, NY
    Former Employee - Anonymous Employee in Flushing, NY

    I worked at Allianz (More than 3 years)

    Pros

    Good working environment, enjoy working there.

    Cons

    I like it so far until downsizing


Showing 172 of 764 reviews
Reset Filters