Euler Hermes Reviews | Glassdoor

Euler Hermes Reviews

Updated April 21, 2017
75 reviews

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75 Employee Reviews

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Pros
  • Good management team, work life balance, good collaborations between different department (in 8 reviews)

  • A lot of great benefits to help you self improve (in 5 reviews)

Cons
  • Turnover in upper management and a lot of confusion after Euler Hermes started calling all of the shots (in 5 reviews)

  • Unrealistic earning potential, out of touch and constantly changing management in the California region (in 3 reviews)

More Pros and Cons

  1. "Awesome Company, GREAT place to work !, great company culture, company is serious about your personal success"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Sales Consultant, Senior Business Development Specialist in Owings Mills, MD
    Former Employee - Senior Sales Consultant, Senior Business Development Specialist in Owings Mills, MD
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Euler Hermes full-time (More than 8 years)

    Pros

    Great Benefits ( above average) Helpful people, all kinds of opportunities for advancement and personal growth
    employee friendly culture., open door policy, very flexible time- off policies.

    Cons

    Understanding the product line, explaining complex policies to potential clients.

    Advice to Management

    Solid company core values,- No complaints


  2. "European Parent Killed this US Insurance Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Agent in Los Angeles, CA
    Former Employee - Sales Agent in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Euler Hermes full-time (More than 8 years)

    Pros

    Clients are spectacular and there's always something new. Solid financially. Good support from underwriters.

    Cons

    Sales mgmt keeps thinking they have a better mouse trap untried in the 100 years of its existence. Sales commissions dropping like a dead bird in flight. Zero chance of promotions if you are not the favored person new mgmt hired. Practically all of the seasoned executives have departed. Average agent income has dropped 50% in past four years while co makes money hand over fist due to no insurance losses. Short term solution that will come back to haunt those that are dumb enough to stick around. Co fond of hiring outside of industry in a space that is highly specialized. Bad formula.

    Advice to Management

    Stop trying to squeeze the salespeople, be honest with new agents at the time of hiring, stop micro managing those who have been doing this light years before you could spell credit insurance. realize this is a cyclical business and know you are not selling aluminum siding. Get out of the way of the pros and stop cutting commissions.


  3. "Open for movement amongst business units"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Employee in Owings Mills, MD
    Former Employee - Employee in Owings Mills, MD
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Euler Hermes full-time (More than 3 years)

    Pros

    Headquarters are in Paris, France and with office all over the world, employees are encourage to apply for jobs in other countries. Lateral movements and promotions into other business units are encouraged.
    Potlucks, pizza parties, semi-annual townhall meetings, annual ellaborate holiday party, volunteer opportunities, etc contributes to a great company culture.
    Overal friendly work environment.

    Cons

    Work/life balance could be better. No telecommuting in place.


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  5. "The experience was extremely frustrating. Management is at a loss on how to run the business."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales in New York, NY
    Former Employee - Sales in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    As a field sales representative, you can work from your home office. They also provided a company car as an incentive.

    Cons

    There was a senior management purge. The current management structure leaves a great deal to be desired.

    Advice to Management

    Listen to your employees.


  6. "Sales for a decade"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales in New York, NY
    Current Employee - Sales in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Euler Hermes full-time (More than 10 years)

    Pros

    Commission is high compared to most competitors. Niche market product allows for greater control of the sales process. International possibilities are endless with Euler or parent Allianz. Benefits are extremely competitive

    Cons

    Career development is non-existent. Hard work/results doesn't bring any opportunity or visibility. The Euler brand and market's awareness of this product leave a lot to be desired.

    Advice to Management

    Acknowledge your best employees publicly. Eliminate processes that you know are slowing down business decisions.


  7. "They DO NOT appreciate nor give respect to their hard working employees."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - An Everything Person in Louisville, KY
    Former Employee - An Everything Person in Louisville, KY
    Doesn't Recommend
    Neutral Outlook

    I worked at Euler Hermes part-time (More than 3 years)

    Pros

    Some other employees are very friendly and are willing to help you when its needed.

    Cons

    They don't pay their employees enough for the amount of things they do. They show favoritism towards employees.

    Advice to Management

    They need to communicate with their employees.


  8. "A lot of responsibility for a little compensation"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing in Owings Mills, MD
    Current Employee - Marketing in Owings Mills, MD
    Recommends

    Pros

    Benefits - health, retirement, internal, social activities
    Friendly and fun atmosphere
    No one takes anything too seriously
    Most execs are a pleasure to be around
    Direct manager is wonderful though not supportive of ongoing education
    The people in the company are like family

    Cons

    PAY PAY PAY - is not enough. I got promoted after 1.5 years with the company to a position with about 100% more responsibility and autonomy that requires travel at times and off hours work occasionally and I got a 1.5k raise...I think the average salary for my position for someone with the high level of education and experience that I have is about 10k more than what I make. Yet the company throws elaborate parties that are catered and offer open bar with top shelf liquor only..why throw the money away when the employees could be given raises?

    There is a lot of turnover here which I think is due to the lack of competitive compensation.

    Advice to Management

    Execs could afford to be more personable toward employees. SOme of us know their grandchildren's birthdays and the reason for their latest doctor's appointment while other employees don't know how to spell their names.


  9. "Worst Place to Work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Development Specialist in Owings Mills, MD
    Former Employee - Business Development Specialist in Owings Mills, MD
    Doesn't Recommend

    Pros

    Job is mindless
    People in team are fun
    Great location
    The building is beautiful and the company gives you a free gym membership

    Cons

    Management is immature and unprofessional
    They set you up to fail
    Pay is extremely low
    Company is dishonest
    Employees are treated terribly

    Advice to Management

    The management structure of this organization is very archaic. Gone are the days of org charts and if management wishes to survive they need to start treating the people that interface with their clients a lot better. While working here I felt like I was merely a number in cubical land rather than an actual person and I was treated as such.


  10. "Miscellaneous"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Manager in Louisville, KY
    Former Employee - Account Manager in Louisville, KY
    Doesn't Recommend
    Approves of CEO

    Pros

    Global company with offices worldwide

    Cons

    -poor management within the department


  11. Helpful (2)

    "Be the CEO of your own business"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Owings Mills, MD
    Current Employee - Anonymous Employee in Owings Mills, MD
    Recommends

    Pros

    EH ACI provides the opportunity to be a leader in an emerging market. If you are a sales person that likes the idea of running your own business and unlimited income then it is a great place to work. This is very much a sell that is based on concept and value proposition. High energy and consultative selling is a must. Very entreprenuial which is not for everyone.

    Cons

    If you are a sales person that needs strong structure and a product that is well known with a "household brand". This is not a place for you.

    Advice to Management

    Continue to focus and support the sales team to advance the market


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