Swiss Re Reviews | Glassdoor

Swiss Re Reviews

Updated September 18, 2018
630 reviews

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3.6
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Swiss Re Group Chief Executive Officer Christian Mumenthaler
Christian Mumenthaler
132 Ratings

630 Employee Reviews

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Pros
Cons
  • "Lack of transparency by senior management" (in 20 reviews)

  • "Relies too much on work life balance for being a reason to have people stay" (in 9 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (23)

    "Flexible work environment AND pays for performance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Services in New York, NY
    Current Employee - Business Services in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Swiss Re full-time (More than 10 years)

    Pros

    -Offers flex hours, work from home intermitently, accomodates pertinent appts in personal life all provided you're a successfully rated employee at year end.
    -Aids in your development by providing tools necessary for success either thru online internal courses, mentoring with others outside your business line or supporting expense of education while working at Swiss Re and rotation opportunities to other business units to learn more about other areas.
    -Fair cost for benefits in comparison to the cost of other companies outside of Swiss Re. Although costs are rising, so it is for every company
    -Excellent 401k and contributions supported by Swiss Re additionally
    -Can map your success with your manager fairly easily with constant discussions to achieve your goals
    -Bonus compensations are phenomenal compared to those applying to various roles from other organizations provided you do the work and own your success
    -Pays for performers contrary to the posts I have seen. If you get clear directions from your manager on how to improve and do so, you will most certainly be rewarded appropriately. Im sure there is evidence in the teams to support

    Cons

    Hard to find large Cons. Base pay raises are difficult discussions as the larger group of employees see the positive numbers the organization reports/posts and then may not see any base pay increases based on potentially valid reasoning but still does not "feel" good to the average employee. Although, bonus compensation mitigates that should your performance warrant such an award.

    Advice to Management

    Keep educating staff on benefits of working at Swiss Re as I mentioned many above.


  2. "Great graduate program for students right out of school"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Graduate in New York, NY
    Current Employee - Graduate in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Swiss Re (Less than a year)

    Pros

    International travel, great pay, interesting work, rotations.

    Cons

    Overall a great place to work, not many cons.

  3. "good place to work at"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    great location and easy travel

    Cons

    I can't think of any cons


  4. "Great Atmosphere and People"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Internship
    Former Employee - Internship
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Great people and atmosphere.

    Cons

    Nothing bad, I liked it


  5. "Great company to work for, I'd highly recommend!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Fort Wayne, IN
    Former Employee - Anonymous Employee in Fort Wayne, IN
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Swiss Re full-time (More than 8 years)

    Pros

    Decent salary, able to work from home occasionally, good benefits and perks.

    Cons

    Some management have their favorites, but if you do your job you'll do well with most.


  6. "AVP Swiss Re Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Swiss Re full-time

    Pros

    Great company to start its career as an Actuary. many International opportunities if are mobile. Competitive salary and benefits compared to other re insurer.

    Cons

    Recently focusing on cost cutting which is creating more uncertainties in the work. Senior managament could be more present.

    Advice to Management

    Continue to offer job rotation opportunities, continue to value its people and diversity.


  7. "Great experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great company to work for. Highly intelligent management

    Cons

    Not many. Like any other big company, opportunities for backbiting, but that's for unhappy people anyway.

  8. "Marketing Actuary"

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

    Pros

    Good benefits, great people. Great social economic values and great culture. Environmentally friendly. Promote within for the most part.

    Cons

    Restructure every once in a while make it hard to navigate. Salary increase is not competitive.


  9. Helpful (1)

    "Actuarial Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    No opinion of CEO

    I worked at Swiss Re full-time

    Pros

    Very Good Company to work for.

    Cons

    Constantly restructuring and the possibility of lay offs.


  10. Helpful (1)

    "Interesting place to work"

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

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

    Pros

    Benefits and 401K more generous than most companies. Joining salary can be good.

    Cons

    Tough to compete and be market competitive. Zurich (home office) leadership does not understand US marketplace and competitive structure and ways of doing business. Speed to market is very slow. Raises are hard to come by, maybe one every 5 years or so.

    Advice to Management

    Get out of the way and let the talented people on the ground doing the business do their thing. To many different departments reviewing accounts almost like double underwriting. When you look at an account ask "how can I write this?" instead of "how can I decline this". Sales effort and broker management needs improvement.


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