Economical Insurance Reviews | Glassdoor.ca

Economical Insurance Reviews

Updated Dec 8, 2019

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3.2
55%
Recommend to a Friend
40%
Approve of CEO
Economical Insurance CEO Rowan Saunders
Rowan Saunders
27 Ratings
Pros
Cons
More Pros and Cons
  1. Featured Review

    "Great workplace"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Executive Administrative Assistant 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Economical Insurance full-time for less than a year

    Pros

    Flex hours, competitive pay, great people, exciting times ahead.

    Cons

    Some of the programs used need to be upgraded to better technology.

    Economical Insurance2019-07-17
  2. "In Good Company Here"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Underwriting Technician - Commercial Insurance in Kitchener, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Economical Insurance full-time for more than 5 years

    Pros

    The people at Economical really make this place, in my experience they genuinely want you to succeed. The pay is fair, benefits are very good. They have a good culture and strive to make their employees feel noticed and heard.

    Cons

    In my opinion you can find cons to any job, career or really in any aspect of your life if you are looking for them. Growing pains and frustrating times are all apart of the learning experience. I have no cons to provide about this company.

    Advice to Management

    Continue to listen to your employees and hear their needs, they are your biggest asset

    Economical Insurance2019-11-11
  3. "Way too many consultants"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - IT Manager in Kitchener, ON
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Economical Insurance full-time for more than 3 years

    Pros

    Some very smart and committed people.

    Cons

    There are almost more consultants than staff.

    Economical Insurance2019-12-08
  4. "used to be good"

    StarStarStarStarStar
    Former Employee - Claims Associate 

    I worked at Economical Insurance full-time

    Pros

    good benefits and flexible start-end times

    Cons

    - micro-managed ;all about numbers now and cutting costs -phone queue

    Advice to Management

    listen to your employees if you want people to stay there

    Economical Insurance2019-11-29
  5. "Economical has it's pros and cons"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Underwriting Assistant in Kitchener, ON
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Economical Insurance full-time for more than a year

    Pros

    Great Benefits Vacation/sick time Hours are fair No weekends

    Cons

    No room for growth unless you take Insurance courses stressful environment constant employees being let go fear of loosing your job everyday

    Advice to Management

    More personalized support recognise other talents of employees suited for different roles within the company and not just for underwriting

    Economical Insurance2019-11-15
  6. Helpful (2)

    "Sonnet Insurance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Content Specialist in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Economical Insurance full-time for more than a year

    Pros

    Great people, very chill about working from home/flexible hours when needed, nice office

    Cons

    Poor management, lots of drama/politics, not much room to grow or try new things (unless your directly involved in certain urgent projects), absolutely no culture/no team bonding which makes it hard to collaborate, processes/work flow isn't efficient.

    Advice to Management

    Please get more involved and set up teams so that everyone feels like they're contributing and that they're valued. Good culture and a good, collaborative working environment comes from the top DOWN. If you're not setting the example or inspiring your employees, people will keep leaving.

    Economical Insurance2019-11-11
  7. "Company has potential!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager 
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Economical Insurance full-time

    Pros

    Opportunity to work cross-functionally with other teams Great leadership

    Cons

    Not a lot of growth opportunities or career path development

    Advice to Management

    Focus on retaining employees

    Economical Insurance2019-11-08
  8. "Company is changing to create some exciting new teams but also letting people go"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Underwriter in Kitchener, ON
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Economical Insurance full-time for more than 10 years

    Pros

    Flexibility in work hours depending on the department you work in. Some departments have no flexibility. Due to the changes new job roles are being created. Salary and vacation time are both good. Friendly co-workers and team leaders.

    Cons

    Many changes are occurring in the company that have also caused many jobs to be eliminated. Benefits are expensive. Only some departments are able to work from home. No longer offer a compressed work week.

    Economical Insurance2019-11-09
  9. "Meh"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Personal Lines Underwriter 
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at Economical Insurance full-time for more than 3 years

    Pros

    lots of movement gives you new opportunity

    Cons

    lots of movement leave ppl scared and worried

    Economical Insurance2019-09-30
  10. "Good Job"

    StarStarStarStarStar
    Current Employee - Claims Assistant 

    I have been working at Economical Insurance full-time

    Pros

    Interesting work, some good people, good hours.

    Cons

    Low end of pay for insurance company, favouritism.

    Economical Insurance2019-08-06
Found 171 reviews