Zurich Insurance Group Reviews | Glassdoor

Zurich Insurance Group Reviews

Updated December 8, 2017
416 reviews

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3.0
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Mario Greco
90 Ratings

416 Employee Reviews

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Pros
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More Pros and Cons

  1. "Vice President property and casualty"

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

    I worked at Zurich Insurance Group full-time

    Pros

    Great place to learn. Good process.

    Cons

    Complex political environment. Difficult to innovate due to politics and process.


  2. "Excellent Work place"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Zurich Insurance Group full-time

    Pros

    The experience of being a trainee with a boss that undestrads the importance of your job

    Cons

    The salary isn´t very good

  3. Helpful (1)

    "Underwriter"

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

    I have been working at Zurich Insurance Group full-time

    Pros

    Benefits are the only pro to working at the company

    Cons

    Upper management does not listen
    Business structure changes and no consistency within company. There is no teamwork and while underwriters have authority - underwriting is not consistent


  4. "Great company"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Zurich Insurance Group full-time

    Pros

    Great people and challenging work.

    Cons

    Ups and downs of stock price.


  5. "Underwriter Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriter Associate in Los Angeles, CA
    Former Employee - Underwriter Associate in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Zurich Insurance Group full-time (More than 3 years)

    Pros

    Great benefits, laid back environment, friendly co-workers, politics were minimal at the associate level, flex time on start times and flexible PTO, company does best to train employees, minimal micro-managing, plenty of opportunity to participate in off-work community service events, great view of the mountains and Pacific ocean from the office, clean facilities, world-class office, plenty of training opportunities, Management does its best to accommodate and assist line employees, reasonable pay increases for hard-working employees, listens to employees, quality of accounts, brand-name recognition. Company supports educational and designation goals (advanced degrees, ARM,CPCU designations), Supportive team members,

    Cons

    Constant change in internal structure and systems which is costly financially and the time it takes for an associate to train and adjust to new system or workflow, systems can be redundant, extremely slow to promote and find upward opportunities, local offices have less control over what they can or can't write, constant leadership and structural change


  6. "Underwriter"

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

    I have been working at Zurich Insurance Group full-time

    Pros

    Company is very structured, top management seems leading to the right direction shows positive impact. PTO days are generous, early leave Friday during summer.

    Cons

    Company rather hire from outside than promote within organization.

    Advice to Management

    Provide more opportunity to growth for talents within organization


  7. "Good place to work"

    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 Zurich Insurance Group full-time

    Pros

    Good people and good salaries

    Cons

    They could be more flexible with hours.

  8. Helpful (4)

    "Vice President"

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

    I worked at Zurich Insurance Group full-time (More than 10 years)

    Pros

    Large company environment .

    Cons

    Where to begin. Tough to survive in this mix-master unless you are a real suck-up to management. Does not value diversity of opinion. The Swiss are a real piece of work. Not really all that smart but forceful in their presentation. It's so large that I think there is little management can do to damage or improve the firm. Culture in Schaumburg is horrible. Lot's of turn-over of senior management. Lack of direction - who do they want to be today? Lot's of people heading to meetings or looking for something to do. Pretty negative folks who really don't like change. It's feels a bit like a government job.

    Advice to Management

    Management doesn't stick around long enough to have an impact - pointless to provide advice as they will have moved on before any real impact.


  9. Helpful (4)

    "Corporate Trainwreck"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Market Facing Underwriter in New York, NY
    Former Employee - Market Facing Underwriter in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Zurich Insurance Group full-time (More than 5 years)

    Pros

    Still have deep pockets and some level of corporate clout -- not what it once was and declining every day

    Cons

    The Swiss/Germans are inflexible ego maniacs and as a result their management style is not yielding (and all underlings must be yes-men). This approach is OK when all is well but when things go wrong -- they double down on their faulty thinking (because they cant be wrong). This eventually leads to wholesale management changes, instability and a miserable experience for all involved (employees and customers).

    Advice to Management

    Hire experts, hire leaders -- NOT "yes-men". And stop with the phoney charity work! if the company wants to give to charity - they should. Stop making employees to your charity work for you.


  10. Helpful (4)

    "Claims"

    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 Zurich Insurance Group full-time

    Pros

    Great people in the trenches performing the day-to-day work. Sense of teamwork. Good benefits.

    Cons

    Non-transparent management. Managers only give lip service to employee engagement and performance trumps strategy. Hit the numbers or hit the road mentality. Your IDP is given lip service with no help by managers to get to you to your career goal. Stagnant company that is not positioned to move forward and be profitable. HR is not your friend. IT is way behind the times. Company says they are competitive, but proof is in the numbers 3 to 5 years from now. High performers are not recognized or rewarded.

    Advice to Management

    Be honest with your employees. If you sell to the customer and market that Zurich values employee engagement then live what you sell and truly value your employees. Cronyism has to end or the Peter Principle will continue to harm this once great company under the leadership of Jim Schiro. Promote high performers in the company, not "yes" men/women. Reward feedback and stop punishing dissent or other ideas. The strategy of shrinking to be profitable will hurt in the long run as your competition will gobble up your once loyal customers. Show loyalty to long-term productive employees and stop pushing them out of the door and replacing them with inexperienced but way cheaper persons.


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