Swiss Re Reviews | Glassdoor

Swiss Re Reviews

Updated May 23, 2017
464 reviews

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Full-time Part-time

3.8
Star Star Star Star Star
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Swiss Re Group Chief Executive Officer Christian Mumenthaler
Christian Mumenthaler
41 Ratings

464 Employee Reviews

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Pros
  • I enjoy the Own the Way you Work scheme as I can manage better my work-life balance and work when I am more productive (in 83 reviews)

  • Work life balance via Own the Way You Work, etc (in 16 reviews)

Cons
More Pros and Cons

  1. Featured Review

    Helpful (1)

    "Top employer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Manager in City of London, England (UK)
    Current Employee - Business Manager in City of London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    A professional company, top of class. Good benefits, facilities and staff events, supports charity of the year, has a sports and social club. Also promotes personal development and growth and there's many career opportunities within the organisation if you're happy to travel. New office spaces promotes collaboration and flexible working which is nice.

    Cons

    Global company, has a matrix/model. Often slow to implement and manage change due to complexity. Zurich centralised which can mean longer working hours to fit their hours, no overtime is paid to UK employees which can cause a challenge with work and life balance.

    Advice to Management

    Recognise and reward global team members based outside of zürich at associate and assistant vice president level who work longer hours to fit Zurich and other regional timezones to support key strategic projects for the group.


  2. "Assistant Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Assistant Vice President in Armonk, NY
    Current Employee - Assistant Vice President in Armonk, NY
    Recommends
    Approves of CEO

    I have been working at Swiss Re (More than 3 years)

    Pros

    Very good company and benefits

    Cons

    Senior mgmt located in Switzerland


  3. Helpful (1)

    "Mostly good but limited opportunities to change roles"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Overland Park, KS
    Current Employee - Vice President in Overland Park, KS
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Professional atmosphere, good people, great reputation, office perks such as a fitness center and cafeteria in the Overland Park office.

    Cons

    Very large and slow to adapt/change. It is Euro-centric and prone to turning its nose up at the Americas. Very difficult to move out of your group.

    Advice to Management

    It's ok too loosen your tie and unbutton your jacket every once in awhile.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    "Pros and cons"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance in Overland Park, KS
    Current Employee - Finance in Overland Park, KS
    Negative Outlook
    Approves of CEO

    I have been working at Swiss Re full-time (More than 5 years)

    Pros

    Flexibility, 401K match, "most" people are good to work with

    Cons

    High stress, high demanding job & company. Global company so have to be available at all hours of the day. Tight deadlines. Not a lot of good leadership. A few great leaders and the rest are mediocre. Multiple projects and constantly changing the organizational structure.

    Advice to Management

    Properly staff so you don't kill your employees by making them work so much with such tight deadlines. Limited career options for those not in Zurich. Broaden your talent pool by being open to those in other locations. If didn't waste so much money and wouldn't need to do so much off-shoring.


  6. "Assistant Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Armonk, NY
    Current Employee - Assistant Vice President in Armonk, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Swiss Re full-time (More than 5 years)

    Pros

    Excellent Work-Life Balance, Colleagues are friendly and helpful, strong focus on making the work-place more modern-(Agile workspace, flexibility, on-site gym, stand-up desks and a great academy with fun furniture). Senior Management in Armonk is accessible and often have meet and greet lunches and breakfasts. Strong focus on career development from a lattice perspective (see cons). Armonk is a beautiful campus and they are installing solar!

    Cons

    Processes can be streamlined. The organization is fairly flat, so if you are looking to climb up a ladder, this may not be the best place for you. There is a strong emphasis on taking a lattice approach to your career, by taking on different roles, continuously learning, going on rotation, trying something in a new area and developing yourself.

    Advice to Management

    Keep up the good work of being accessible to employee in the office. Make sure you speak up on behalf of your employees in the US when it comes to the overarching strategy for the company. There have been more strides to do this but there is room for improvement.


  7. "Retirement benefits that leave something to be desired"

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

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

    Pros

    Highly profitable company with a wealth of industry knowledge

    Cons

    Focused on shareholder value and dividends. Loyal to the Swiss and not so much anywhere else. Lack of transparency about raises, no upward mobility, unless you are Swiss.

    Advice to Management

    No raise policy will backfire.


  8. Helpful (3)

    "Swiss Re Americas"

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

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

    Pros

    Nice colleagues, beautiful office campus. Average package.

    Cons

    Not a company to build a career: nepotism, bureocracy, politics, poor middle management, conservativism, horrible HR, Swiss-centric. All these are some of the factors that drive the business in the hub, instead of profitability and merits. IT capabilities are the worst I have ever worked with in my life.

    Advice to Management

    Stop talking about career development and climate change and actually do something useful. The diversity program is ridicolous, and you have an office that cannot be reached by public transportation from NYC: what does that tell about climate change commitment?


  9. Helpful (1)

    "Swiss Re"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Corporate Development Manager in Overland Park, KS
    Current Employee - Senior Corporate Development Manager in Overland Park, KS
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Salary, work life balance and growth opportunity is very good

    Cons

    Very bureaucratic and European influenced

    Advice to Management

    Be more transparent


  10. Helpful (1)

    "Construction Defect Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Westlake Village, Los Angeles, CA
    Current Employee - Anonymous Employee in Westlake Village, Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great benefits, internationally respected, diverse employees, interesting work and above average educated colleagues.

    Cons

    Company is moving (eventually) all operations to New York or Chicago. No job growth in Southern California and layoffs seem imminent unless I relocate to NYC.

    Advice to Management

    To Swiss Re Mgmt? None. I understand their vision an the reason for it. As they are based in Zurich, it makes sense to consolidate their U.S footprint adjacent to 90% of the companies customers.


  11. Helpful (2)

    "Swiss Re"

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

    I have been working at Swiss Re full-time

    Pros

    Flexibility working from home, excellent colleagues, empowerment

    Cons

    Salary, benefits, takes for ever to get promoted, huge difference from Headquarters


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