Chubb Corp

www.chubb.com
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Chubb Corp Reviews

Updated 27 February 2015
Updated 27 February 2015
193 Reviews
3.7
193 Reviews
Rating Trends

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Chubb Corp Chairman, President, and CEO John D. Finnegan
John D. Finnegan
101 Ratings

Review Highlights

Pros
  • The work life balance is very good and the compensation package is quite good (in 27 reviews)

  • Good Benefits including health insurance , Decent Bonus (in 18 reviews)


Cons
  • Few opportunities for advancement unless you are in the "inner circle (in 8 reviews)

  • Company promotes work life balance, but doesn't seem to readily give it (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Gold standard Insurance Company

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

    I have been working at Chubb Corp full-time (more than 10 years)

    Pros

    Corporate culture is great - very supportive. This is the best place in the insurance industry to learn insurance as a young person starting his or her career. Very diverse organization. National and Global reach. One of the top four markets in each niche that they participate in, which allows for some operating leverage in the marketplace. Leadership is strong - does a good job of communicating the vision and direction of the company. Work life balance and flexible arrangements are available.

    Cons

    Has become a very flat organization - one needs to find their niche and brand themselves early on in order to move up. Not as easy to rise as it was 10 years ago, but that means that those that are getting ahead are better suited for the success in the future. Comp is fair but other less established players will typically pay more.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Underwriter
    Current Employee - Underwriter

    I have been working at Chubb Corp full-time (more than 3 years)

    Pros

    Great environment and office culture. Lots of flexibility.

    Cons

    Company should value more professional development and growth

    Advice to ManagementAdvice

    provide more opportunities to existing employees

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Top Notch Organization

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Claims Examiner
    Current Employee - Claims Examiner

    I have been working at Chubb Corp (more than 3 years)

    Pros

    Management keeps employees in the loop, high ethics/standards, pleasant work conditions

    Cons

    Annual raises are usually minimal

    Advice to ManagementAdvice

    Keep up the good work!

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great employer: good pay and benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Claims Examiner
    Current Employee - Claims Examiner

    I have been working at Chubb Corp

    Pros

    Many jobs have capability to work remote a couple of days a week

    Cons

    I cannot think of any cons; no complaints

    Advice to ManagementAdvice

    Keep listening to suggestions in employee engagement efforts

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great company

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

    I have been working at Chubb Corp full-time (more than 8 years)

    Pros

    Great employee retention at a stable company. Flexible work a range mental are great. Pay for performance.

    Cons

    The cost of benefits is too high. It costs 3 times more then other companies.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Fantastic learning environment

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

    I have been working at Chubb Corp full-time (more than a year)

    Pros

    They really take the time to introduce underwriting and insurance to their new employees, even if you have some experience in the field. They go above and beyond with exposing the thought processes and strategies in a safe classroom environment which really prepares you for the job. The people are friendly and eager to help each other and their agents, and the workload is manageable, although it can get chaotic.

    There are flexible work options available, but that really depends on your management. Some of them are steeped in old workflows where face time means productivity rather than actual productivity metrics. The PTO time is decent enough and you can roll over time as well. The benefits are great and quite affordable.

    Cons

    The systems appear as though they haven't been updated since the 70s. If you're someone who falls in the "millennial" generation and you've worked with technology since you've been big enough to sit in a chair, prepare to be flabbergasted at these systems. They're not intuitive in the least, and you have to be an IT whisperer to get them to work in a way that allows you to get your work done. Hand to the sky, there are workarounds for every single interaction you will have with it. This is a massive con for me, because although I love the company as a whole, you can't stay here forever because of the systems. Your technology skills will atrophy, so while you'll have the fantastic underwriting knowledge that's a dying (or retiring!) Science, you won't have the skills to apply it should you one day find yourself at another company. The dinosaur technology alone means you're hired with an expiration date, unfortunately. There is no plan announced to update these systems either, so absorb as much as you can and build your career best you can until the situation forces you to seek out opportunities elsewhere just to stay competitive and competent in the industry.

    A more even application of flexible work opportunities would be appreciated too. It's awesome to have that option, but when your management won't allow it because they believe in "old fashioned work ethics" and "face time is important" it becomes a moot point. The company is quickly greying, as is the rest of the industry, so in order to prepare your staff and your company for the future more needs to be done to create an appropriate, modern work atmosphere. Your competitors have done it successfully, and you're just as good as they are.

    Advice to ManagementAdvice

    -even application of flexible work policies across all offices.
    -update your technologies/systems
    -keep reinvesting in your people

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Claim in New Haven, CT (US)
    Current Employee - Claim in New Haven, CT (US)

    I have been working at Chubb Corp full-time (more than a year)

    Pros

    Very flexible and good work-family balance

    Cons

    there are no major cons. There is a particular culture you need to fit into.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 2 people found this helpful  

    I enjoyed working at Chubb. They work hard to do the right thing and take a balanced approach to the insurance business

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriter in Chicago, IL (US)
    Former Employee - Underwriter in Chicago, IL (US)

    I worked at Chubb Corp

    Pros

    * Chubb values underwriting expertise, claims handling, and relationships with their brokers have a solid reputation in the industry. These values come into action with their matrix reporting structure with branch managers who manage the agents and underwriters who need support from home office. The underwriters have to appease both in order to do their job correctly.

    Cons

    * The matrix organization can be cumbersome at times trying to please different leaders and to keep everyone in the loop.
    * They have too many meetings.
    * The have slimmed down their home office staff who has been overworked and too focused on tactics at times such that they could not develop strong enough strategies.

    Advice to ManagementAdvice

    * Bulk up on home office staff. Underwriting expertise is the key to long term success in this business.

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Good company

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

    I have been working at Chubb Corp full-time (more than 3 years)

    Pros

    Great benefits with salary and bonus.

    Cons

    Jon security can be unstable. Lots if micro managers.

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