Swiss Re Reviews | Glassdoor.ca

Swiss Re Reviews

Updated 12 February, 2019
673 reviews

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

Employee Reviews

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Pros
  • "Positive work culture and work/life balance options" (in 109 reviews)

  • "Excellent work environment and good project with latest technologies" (in 47 reviews)

Cons
  • "Relies too much on work life balance for being a reason to have people stay" (in 11 reviews)

  • "Lack of transparency by senior management" (in 21 reviews)

More Pros and Cons

  1. "Intern"

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

    Pros

    Good management and benefits, lots of opportunities, learning and development support

    Cons

    no cons.. very good company


  2. "Great people, poor management in Latin-America"

    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 Swiss Re full-time

    Pros

    Amazing school for insurance and re-insurance. You'll learn all the value chain of the sector, and get exposure to many markets, both in LATAM and elswehere if you're interested enough.

    Cons

    Management for Latin-america lacks leadership, they're the subject of their own emotions and often go to work in a bad mood. Language used could be held to be abusive.

    Company is being resstructured, so they're making life difficult for anyone they want to lay-off in hopes the employee will renounce and therefore avoid the company having to pay the locally compulsory lay-off bonus.

    Advice to Management

    Mind the manners, mind the people, mind everything you're not minding right now! Swiss Re wasn't built in a day, but it will certainly be gone in a couple of years if you continue like this.

    You should promote LEADERS to leadership positions, and those who lack the leadership skills but who are good at their jobs should receive more bonuses or other ways of compensation. Else, the rotten apple can drive all the good people away.

  3. Helpful (5)

    "Bureaucratic nightmare"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Toronto, ON
    Current Employee - Associate in Toronto, ON
    Doesn't Recommend
    No opinion of CEO

    I have been working at Swiss Re full-time (More than a year)

    Pros

    Good people in the Canadian office, good benefits, work from home option, nice office. Summer and X-Mas events.

    Cons

    There is an attempt to get 1.5 or 2 or 3 FTE for the price of one. They don't want to pay for the number of staff they should have, or for overtime, but nonetheless expect all the work to get done.

    Needlessly bureaucratic , which isn't helped by embarrassingly out of date technology that keeps everything moving at a snail's pace.

    Bizarre and illogical reporting structures that needlessly have Canadian staff reporting to people in the US who shouldn't be managing anyone in any country.

    No annual raises post 2008 despite the fact that the financial crisis was a decade ago and the company posts profits in the billions.

    Advice to Management

    When someone gives a senior manager terrible reviews in your yearly Employee Engagement survey, what you don't do is promote that person! Also, stop being cheap. Give your employees yearly raises and hire the number of people you actually need instead of overloading people.


  4. "My favourite work experience so far"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technical Accountant in Toronto, ON
    Former Employee - Technical Accountant in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    People, salary and benefits, the global network, work life balance, lots of learning opportunities, travel opportunities

    Cons

    Small office in Canada and not many opportunities, most of the interesting positions are now offshored to India or Slovakia.

    Advice to Management

    I would try to keep as many employees as possible in the country where the business originates from.


  5. "Starting at Swissre"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriting Assistant in Toronto, ON
    Current Employee - Underwriting Assistant in Toronto, ON
    Recommends
    Positive Outlook

    I have been working at Swiss Re full-time (Less than a year)

    Pros

    Great environment to work in with friendly people and good salary and benefits. started here right out of college and has been an ideal start to my career so far.

    Cons

    Located in the heart of the city makes commuting a bit of a headache. Other than that there's not much bad to say about this company.

    Advice to Management

    No advice to management right now. I am just starting here and have yet to get a full grasp of the business


  6. Helpful (1)

    "Benefits"

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

    Pros

    Excellent Benefits, Above Industry Level

    Cons

    There is too Much Red tape for all processes

    Advice to Management

    Reduce the red tape and trying to make a "one size fit all" solution to everything


  7. "AVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President, Cash Management in Toronto, ON
    Former Employee - Assistant Vice President, Cash Management in Toronto, ON
    Recommends
    Approves of CEO

    Pros

    great corporate culture, generous compensation package

    Cons

    less opportunity for career growth in some department

  8. Helpful (1)

    "Assistant Vice President"

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

    I have been working at Swiss Re full-time (More than a year)

    Pros

    - Good benefits
    - Decent salary and bonus

    Cons

    - No inflation increases
    - Structure is confusing


  9. "Review"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    nice people, opportunities, global experience, nice location

    Cons

    unpaid overtime, intensive workload sometimes


  10. "Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends

    Pros

    Global company leader in reinsurance

    Cons

    worked as contract and environment was stressful