Economical Insurance Reviews | Glassdoor

Economical Insurance Reviews

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Found 152 reviews

3.5
StarStarStarStarStar
Rating TrendsRating Trends
59%
Recommend to a Friend
48%
Approve of CEO
Economical Insurance CEO Rowan Saunders
Rowan Saunders
19 Ratings
Pros
Cons
  • "Poor management, not a lot of opportunity for growth(in 5 reviews)

  • "Lack of ownership, upper management not investing in the future of IT, lots of dead weight, lack of recognition, poor middle management in general(in 5 reviews)

More Pros and Cons
  1. "Actuarial analyst"

    StarStarStarStarStar
      Current Employee - Anonymous Employee 

      I have been working at Economical Insurance full-time

      Pros

      Talented people; good retirement plan

      Cons

      Limited international exposure; high turnover

      Economical Insurance2018-12-12

      Economical Insurance Response

      March 25, 2019Sr HR communication Specialist

      Thank you for your review. We’re happy to know that you have found our people to be a rewarding aspect of working here. We think they’re great, too! And we strive to offer competitive rewards to attract and retain the best people. The footprint of our company is Canadian, not international. ...

      Show More
    • "Claims Assistant"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee 
      Recommends

      I worked at Economical Insurance full-time

      Pros

      Great Place to work.

      Cons

      Need to hire more as it gets very busy and not enough people to handle it all.

      Economical Insurance2018-03-07

      Economical Insurance Response

      December 4, 2018Sr HR communication Specialist

      Thank you for taking the time to write a review. We appreciate your feedback and we take your comments seriously.

    • "Big-data developer"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee 
      Recommends
      Positive Outlook

      I worked at Economical Insurance full-time

      Pros

      They re-imagined the entire insurance experience in Canada and make it as a digital channel convenient for end user.

      Cons

      Very complex business needs as they are migrating from legacy system to new cutting edge technology in big-data and guidwire

      Economical Insurance2017-05-02
    • "Great people, horrible management"

      StarStarStarStarStar
        Former Employee - Anonymous Employee in Waterloo, ON
        Doesn't Recommend
        Neutral Outlook
        No opinion of CEO

        I worked at Economical Insurance full-time for more than 6 years

        Pros

        Fantastic co-workers, good benefits, flexible work hours

        Cons

        Hideously bad management. No feedback at all, no support.

        Advice to Management

        Train your people managers on how to manage people.

        Economical Insurance2019-05-10
      • "Lack of professionalism in IT"

        StarStarStarStarStar
        • Work/Life Balance
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Former Employee - Anonymous Employee 
        Doesn't Recommend
        No opinion of CEO

        I worked at Economical Insurance full-time

        Pros

        Good projects exposure Professional business management

        Cons

        1. Toxic IT upper management 2. Favoritism - not giving opportunities to right people who knows the subject 3. Blind leading the blind scenario

        Economical Insurance2019-05-08
      • "Underwriter"

        StarStarStarStarStar
        • Career Opportunities
        • Compensation and Benefits
        Former Employee - Anonymous Employee 

        I worked at Economical Insurance full-time

        Pros

        learned a lot knowledge, great Team lead

        Cons

        company is undergoing the demutual process, lots of uncertainties

        Economical Insurance2019-04-01
      • Helpful (2)

        "Mediocre"

        StarStarStarStarStar
        • Work/Life Balance
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Former Employee - Anonymous Employee 

        I worked at Economical Insurance full-time

        Pros

        Flex hours, benefits, comfortable attire

        Cons

        Difficult to move up or transfer to another department. Your manager may be supportive but it may not matter

        Economical Insurance2019-03-16
      • "Flexibility, teamwork, and environment"

        StarStarStarStarStar
        • Work/Life Balance
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Talent Acquisition Specialist in Waterloo, ON
        Recommends
        Positive Outlook
        Approves of CEO

        I have been working at Economical Insurance full-time for more than a year

        Pros

        - Autonomy with flexible hours - Great work atmosphere, with sit stand desks - Excellent IT service - Good onboarding - Excellent total rewards package - Great collaboration

        Cons

        - Flexible benefits a little cumbersome

        Economical Insurance2019-03-05
      • "Great place to work"

        StarStarStarStarStar
        • Work/Life Balance
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Anonymous Employee in Toronto, ON
        Recommends
        Positive Outlook

        I have been working at Economical Insurance full-time for more than 2 years

        Pros

        Awesome and hard working people, that don’t forget to have fun together.

        Cons

        Sonnet is trying to figure out its way. Things change constantly, so if you’re looking for a pre defined role and predictable processes, Sonnet will be more challenging for you.

        Advice to Management

        System problems happen way too frequent. Invest on a more stable platform

        Economical Insurance2019-03-03
      • Helpful (7)

        "Falling apart - Mississauga branch"

        StarStarStarStarStar
        • Work/Life Balance
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Claims in Mississauga, ON
        Doesn't Recommend
        Negative Outlook
        Disapproves of CEO

        I have been working at Economical Insurance full-time

        Pros

        My coworkers are the best reason to work here but that won't last long if Economical continues to run the way it's running. Most of the people I know are looking elsewhere where they will actually be valued and treated well as employees - monetarily and emotionally.

        Cons

        The executives don't actually care about what's going on in the offices. They show up for annual meetings and that's it. No rewards for good workers, and they ignore poor performance by other workers just so they can keep numbers steady. Head office and executives continue to enjoy and celebrate holidays while their front line people (claims staff) are treated like assembly line workers with no rewards. -The only rewards...

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        Advice to Management

        Learn to value your employees and actually show it. Especially the employees who are dealing directly with customers. If the company is struggling financially, stop punishing the workers by not giving adequate raises and bonuses. If you want to keep staff, pay them like competing insurance companies pay their staff. Train your team leaders to support staff who are mentally struggling. Maintain consistency amongst the...

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        Economical Insurance2019-03-09
      Found 152 reviews