Swiss Re Reviews | Glassdoor

Swiss Re Reviews

Updated March 27, 2017
445 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
27 Ratings

445 Employee Reviews

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Pros
  • Work life balance via Own the Way You Work, etc (in 80 reviews)

  • Great company to work with, Own the way you work (in 15 reviews)

Cons
  • Senior Management scheint in einer anderen Welt zu leben (in 20 reviews)

  • Work life balance depends on your location (in 6 reviews)

More Pros and Cons

  1. Featured Review

    "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. "Great company for career growth"

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

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

    Pros

    Global company that places high emphasis on exploring different areas of the company through local/regional/international rotations. This company has a wealth of knowledge and is really trying to figure out how to disseminate knowledge. Though at some times the processes can be cumbersome they are investing lots of money in improving their internal systems. Ironically, it seems like the best systems at SR are the ones designed internally versus purchased from a third party vendor. The pay is competitive and the bonus is larger here than any other large insurance carrier (15-30% of annual salary). The benefits, 6% match and 6% contribution are great! You have the option of a high deductible plan with company HSA contribution or a traditional plan. Long story short, this is a company worth being at. Currently the commercial insurance market is a difficult environment but SR is navigating the seas better than most while still taking care of their employees both internationally and in the US.

    Cons

    Seriously, it's a great place to work. They're flexible with hours, working from home, etc. the only complaint is that change is constant at SR. sometimes if it ain't broke, don't fix it.


  3. "Global brand with growth trajectory"

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

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

    Pros

    Global, fast-paced environment. Diverse coworker base. Client centric business backed by superb credit.

    Cons

    Competitive industry with cut-rate pricing.

    Advice to Management

    Further decentralize quickly.


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  5. Helpful (1)

    "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?


  6. "Work At Swiss Re's Beijing Office"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great working environment, innovative product

    Cons

    Still developing, the operation can be slow

    Advice to Management

    Shorten the processing time


  7. 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


  8. 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.


  9. Helpful (1)

    "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


  10. Helpful (7)

    "Good and bad"

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

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

    Pros

    Exciting opportunity to make a difference
    Own the place you work can make working expenses lower for some

    Cons

    Process driven company, senior management lacks experience and creativity, performance reviews based on forced distribution, once you get in it's all down hill, for employees over 50 there is a target on your back, not what it used to be, no creativity and employees rarely get raises. Reverse gender bias in US and gender bias in Switzerland

    Advice to Management

    Treat your employees better, live up to your core values including longevity, take a hard look at your managers - they are operational managers and not decision makers. Take care of the many an not the few. Outside of Zurich your senior managers are not respected


  11. Helpful (1)

    "Great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in San Francisco, CA
    Former Employee - Assistant Vice President in San Francisco, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Swiss Re full-time (More than 10 years)

    Pros

    Work like balance, great 401 k plan, valuable brand in the reinsurance space

    Cons

    Beaurocracy, senior leadership decisions / communication not transparent enough



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