Swiss Re Sucks Customer Reviews and Feedback
Swiss Reinsurance Company Ltd, commonly known as Swiss Re, is a reinsurance company based in Zurich, Switzerland. It is the world's second-largest reinsurer. It acquired GE Insurance Solutions in 2006. Founded in 1863, Swiss Re operates through offices in more than 25 countries. Swiss Re was ranked 118th in Forbes 2000 Global leading companies 2016.
An employee shares his experience on glassdoo.com, "Local Swiss Re office has bad leadership unfortunately. HR function has hands tied. Too much office politics in the local office, lack of common sense of belonging to the company due to obscure-to-no dissemination of the company's strategy and how each member fits into the plan."
Former Employee - Assistant Vice President says"There are many cons - I have listed few of them 1. Incompetent Bangalore Management(C & D bands) which gives higher weightage to the people good in marketing and PPT rather than rewarding those people who really work 2. Promoting incompetent people in the name of diversity etc. 3. No regional diversity - in order words, hindi imposition; experienced escalations just because of usage of regional language"
Current Employee - Associate says"Culture is becoming very aggressive, and senior employees are leaving the company now. I left a great job to join Swiss Re, a very very bad decision that I repent each day. Your survival depends upon the person you are supporting from Bangalore. Unfortunately, I support a stubborn person, who has complicated everything, while my colleagues have very friendly and helpful counterparts, and enjoy working. I was placed with a very non-cooperative colleague, in a Division which no one wanted to be a part of and a counterpart who is difficult. Basically, I was dealt a hard hand, and was expected to outperform, since my salary is supposedly high. The systems in this company are a hot mess, there are 100s of complicated systems, of which even the seniors in my team aren't aware. It is very very easy to make errors and goof-up when you work here."
Current Employee - AVP-Operations says"Bad Management Too much favoritism and nepotism Highly political Fast becoming a typical BPO"
Current Employee - Assistant Vice President says"We've seen your review and assure you that we take your allegation very seriously. Swiss Re is strongly committed to maintaining a positive working environment, free of workplace harassment. We hold the entire staff directly accountable for their behaviours. As a matter of policy, Swiss Re diligently investigates each and every concern brought to our attention about offensive behaviour or harassment by or against any employee. If and when there is evidence of harassment, Swiss Re takes necessary measures, which can include termination of employment for just cause. Please note that there is a whistleblowing hotline available on swissre.ethicspoint.com. The service gives you the choice to report by phone or in writing via the web form. You can also reach out to any member of the Sashakth commitee."
Former Employee - Technical Accountant says"High level politics, Very tough for senior level employees to get promotions as management is always looking to fire them. Work from home option is used as a weapon to ensure that employees work a lot as employee work load is always huge."
Former Employee - AVP-Analyst says"Filled with selfish very cunning beings. The leadership team is the worst - they can neither take decisions nor own up to any decent decisions. They just keep delaying ideas and spread more toxic around. Oh there is one thing they all do very well - presurise to do things at the nth minute. And then they have the audacity to judge people saying shirty job."
Current Employee - Associate - Finance Reinsurance says"Swiss Re remains committed to maintaining a positive working environment free of harassment. We hold staff directly accountable for their action, and in some cases, inaction. As a matter of policy, we thoroughly investigate every report or concern over behavior brought to our attention. We take pride in our diverse and inclusive culture and welcome the opportunity to clarify, and if necessary, act upon your concerns. Please note that there is whistleblowing hotline available on swissre.ethicspoint.com. The service gives you the choice to report your findings by phone or in writing via the web form."
Former Employee - Technical Accountant says"We've seen your review and assure you that we take your allegation very seriously. Swiss Re is strongly committed to maintaining a positive working environment, free of workplace harassment. We hold the entire staff directly accountable for their behaviours. As a matter of policy, Swiss Re diligently investigates each and every concern brought to our attention about offensive behaviour or harassment by or against any employee. If and when there is evidence of harassment, Swiss Re takes necessary measures, which can include termination of employment for just cause. Please note that there is whistleblowing hotline available on swissre.ethicspoint.com. The service gives you the choice to report by phone or in writing via the web form."
Former Employee - Anonymous Employee says"Swiss Re remains committed to maintaining a positive working environment free of harassment. We hold staff directly accountable for their action, and in some cases, inaction. As a matter of policy, we thoroughly investigate every complaint or concern over offensive behaviour or harassment brought to our attention. We proactively respond to any evidence of harassment, which may include termination of employment."
Former Employee - Human Resources says"Politics Bad Management No prospect for automation of processes - says budget constraints for great ideas. Eventually talents leave."
Analyst (Former Employee) says"This company is good only if you are at the beginning of your career. Not otherwise. I left a good job and joined Swiss Re due to the attractive pay and profile, I made a big mistake. Everything depends upon your perception. If good then you are immortal, if not, you are done. I would not suggest Swiss Re to anyone due to no job security. There is a very aggressive hire and fire culture, it just doesnt get publicized outside. People in the insurance industry have a very fancy image of this company, but in reality it is far from that. People duplicate a lot of work done by others just to get footage and create a good perception.LunchEverything"
IT Analyst (Former Employee) says"When I was called a monkey and a gorrilla at the job, management did nothing about it. I am glad I do not work there anymore and I do not want a reference from them.sccmrude and jealous co workers"
Vice President (Former Employee) says"After working here for almost a year I feel that the Swiss Re's Bangalore branch could be a perfect place where the creative minds are suppressed and demolished (if a long time is spent). The organization seems to have found best secretive tips to kill curious minds. I would encourage job seekers to look for options somewhere else unless one want a mediocre fixed mindset, slaved by the senior authorities.None actually, all seemingly attractive pros finally turns around against employees very soon after joiningNot a good place for diligent, smart and creative people."
Technical Accountant (Current Employee) says"Overall experience good. But not a great place to work. Not much challenges & limited scope for growth. Highest level of politics is visible in this company . Management are slaves towards toward its head office. More like a call centre."
commercial (Former Employee) says"Remplacer les employés expérimentés par des jeunes bon marché en provenance de l'étrangerchefs opportunistes seulement intéressés par leur bonus et carrière"
Underwriting Assistant (Current Employee) says"Many years ago it was the place to be BUT not anymore. Hard working employees should be acknowledged and it doesn't always have to be monetarily. A thank you goes a long way. Also your ideas and suggestion will be stolen therefore make sure you present as yours to the correct person."
Temp (Former Employee) says"It was hard to implement change in a work environment that isn’t used to change. Some line managers do not deal with the team dynamics / politics professionally and as a new employee you could feel victimised."
Management (Current Employee) says"The company has closed departments and laid off several people. Management has no direction or people skills, coupled with lower paid employees. It is bleak."
Corso (Former Employee) says"If you manage up you will succeed. gone are the days where longevity and loyalty are valued. Many Underwriters have left the company in just the last year.Seems impossible to hit the numbers necessary to continue in the organization"
Analyst (Former Employee) says"Upper management wants a specific type of person and if you don’t fit that mold you will not go far. They ask for feedback and then you are penalized for giving it.Flexible work hoursFew raises, bad culture"
Big Data & Smart Analytics Lead Americas (Current Employee) says"A Swiss boys club, no growth opportunities outside the Zurich headquarter. The major challenge for this firm are internal politics and nonsense bureoucracy."
Head EVM Operations (Former Employee) says"Swiss Re used to be a great Company but not any more. Reorganisation every year and Focus only on cost saving but not in Quality.good compensationto many reorganisations"
Logistics Security Access (Current Employee) says"Work in a great environment also get to meet wonderful people but no room for growth. very busy in certain times of the year. lot of different companies in one building.coffee, people and environmenthours, no room for growth and bad benefits."
Betriebsmitarbeiterin (Former Employee) says"J'ai pas d'avantage dans cette entreprise,J'ai un bonne collaboration . Mon poste né pas difficile,mai ces difficile quand on veu pas voire le bon que je fait . .L'aspect le plus agréable de mon poste et le contacte avec les clients .le lieu du travail est pré de chez moiMes séffes me motive pas"
Manager COO Office (Current Employee) says"Functions within Swiss Re have very different cultures and work attitudes. This will also vary a lot regionally. Swiss Re can be a great place to work - if you work for the right people ;o)"
Assistant Underwriter (Former Employee) says"wide ranging. many skillsets to develop.oppotunities to travel. global company. always striving to move with times and drive change and thought processes in the industry."
Underwriting Associate (Former Employee) says"Pros: Work is challenging but manageable Many opportunities to seek out learning opportunities and job rotations, if desired Great benefits and ability to work from home once a week Cons: Management is not the most transparent and not the best at communicating changes internally Culture is sub-par You have to create your own career path to move up in the company"
Senior Underwriter, Vice President (Current Employee) says"Good work/life balance when not busy times of year. Decent co-workers however management is lacking. Benefit are decent however salary is behind industry standard."
Corporate Actuarial Analyst (Current Employee) says"The environment at Swiss Re is very welcoming. You would love it here. It offers opporunity which I feel is very good for personal and professional development."
Consultant (Current Employee) says"Pros Nice, friendly, smart dedicated people Cons Zurich centric, not considerate to other regions Less opportunities in other regions outside Europe not a lot of room for growth structured struggles to change too much travel"
bigfloater says"@GeorgeBruno Every Swiss's doing military service & has its AR at home stored separately from the rifle bolt and th… https://t.co/NqrEsosX5n"
ww devəl says"RT @R6Aero: Idc what other people say about us or the bracket. Faceit should make it double elim and Swiss, but I’m not gonna let people ta…"
Justin says"@PV_GIA So you're saying his cliche game is full of holes like Swiss cheese?"
Cline Bates says"@LevelUpMica @jill281999 I mean they’re producing a lot of 3s. And the defense is Swiss cheese. So idk."
In The News
Insurance Business NZ reports"Swiss Re sheds light on global catastrophe losses for H1"
Insurance Journal reports"Swiss Re Reports Q1 Loss of $225M as Impact of COVID-19 Crisis Begins to Hit"
Bloomberg reports"Swiss Re Suffers $1.1 Billion Loss on Coronavirus Claims"
S&P Global reports"COVID-19 crisis could be 'watershed' for cyber insurance, says Swiss Re exec"