Swiss Re Reviews | Glassdoor

Swiss Re Reviews

Updated November 7, 2018
646 reviews

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

646 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 10 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (27)

    "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. 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.

  3. "Swiss Re"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Swiss Re full-time

    Pros

    Good work/social balance within the company.

    Cons

    Systems are difficult to learn/understand.


  4. Helpful (2)

    "Some good and a lot of bad"

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

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

    Pros

    Flexible work environment, decent pay and benefits, most of the people working here are very intelligent

    Cons

    Very bureaucratic, way too many managers and not enough people to do the work, ridiculous expectations for employees at times, systems are complex, archaic and break down regularly (the worst that I have seen anywhere in my career), employees are just another number - offshoring initiatives require employees to train their replacements and then management wonders why morale is low. The company is about as inefficient as government. Employees are also bombarded with numerous politically correct initiatives and looked down upon when they don't participate. US employees are treated as second class citizens, while European employees are praised and have lavish benefits.

    Advice to Management

    Treat your employees like they are worth something. Get rid of the worst systems in existence. Eliminate about 50% of management and hire more people to actually get things done.


  5. Helpful (2)

    "Complacent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Actuary in Armonk, NY
    Current Employee - Actuary in Armonk, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good functional and geographical diversification within the firm; good career development if you'd like to try different things

    Cons

    Generally 25% lower pay than market.

    Advice to Management

    Don't glue your focus to the bottom line; people are company's biggest asset. Beginning of a talent drain is the real end in sight.


  6. Helpful (1)

    "Claims Examiner"

    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

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

    Pros

    Opportunity, Advancement, co workers are kind and caring

    Cons

    Large company, hard to network. Workload is typically chaotic

    Advice to Management

    Listen to your employees and consider their thoughts and opinions.


  7. "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

  8. Helpful (1)

    "Structured machine that hires people to tell them how to fit into its Swiss mindset"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Armonk, NY
    Former Employee - Vice President in Armonk, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    High quality employees and brand in the industry ( the latter will take a short time to vanish if management remains as it is now)

    Cons

    Swiss centric, close minded, political, bureaucratic, unfair organization

    Advice to Management

    Look outside canton Zurich: there is a world


  9. "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


  10. "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.


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