Swiss Re Reviews | Glassdoor.ca

Swiss Re Reviews

Updated 15 December, 2018
653 reviews

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

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 (30)

    "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 (US)
    Current Employee - Business Services in New York, NY (US)
    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. "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

  3. "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.


  4. 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.


  5. "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.


  6. "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


  7. 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

  8. "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


  9. 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


  10. "Review"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    nice people, opportunities, global experience, nice location

    Cons

    unpaid overtime, intensive workload sometimes