Swiss Re Reviews | Glassdoor

Swiss Re Reviews

Updated April 21, 2017
454 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
34 Ratings

454 Employee Reviews

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Pros
Cons
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. "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.


  3. "Financially Driven Company"

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

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

    Pros

    Profitable and good working environment. Talented staff and decent opportunities for lateral moves. Company promotes mobility and supports working from home.

    Cons

    Penny wise and pound foolish. Too focused on shareholder results and cutting expenses. Raises are non-existent. Health benefits are base bones. Very process driven company to the point of being lethargic. Considerable redundancy in generating information. Lack of career advancement.

    Advice to Management

    Transparency around salary and raises. Start focusing on the employees and what really drives the business results.


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  5. Helpful (2)

    "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. 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


  7. 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.


  8. 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


  9. 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


  10. 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


  11. Helpful (1)

    "Review"

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

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

    Pros

    Great company to work with, Own the way you work

    Cons

    There seem to be periodic changes and restructuring of organizational structures which could be good and not so good



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