Good company but struggling currently... - Anonymous employee Allianz Employee Review

3.0
9 July 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Well respected insurance company with a history of more than 100 year. Good canteen and well established. Overall trying to be agile and moving into right direction.

Cons

Lacking vision and not adapting very well into the current situation although trying hard to be agile. Its product and offerings has almost not changed since last 10 yrs. Only recently it introduced KFZ insurance that was somewhat competitive. Biggest contra is a. Too much management and hiearchy (CIO..> Head of XX-->Abteilungs --> ReferatsLeiter.....) who basically produces no productive work. and slows down decision process b. Product is not competitive compared to competitors like HUK24. Not targeting right segment. c. Trying to build IT Product itself through Allianz Technology costing millions if not billions.

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5.0
17 June 2026
Recommend
CEO approval
Business outlook

Pros

Quick interview process, maternal leave was available before 1 year of employment

Cons

You did have to work at least one day on the weekend.

2.0
17 June 2026
Recommend
CEO approval
Business outlook

Pros

Good benefits, hybrid work arrangement is flexible (you can choose your 3 days in office)

Cons

Tenure and friendship is valued more than actual skillsets. Many people in Ops have no formal college education or true technical skills, and have been complacent in the dept for 10+ years. This leads to inefficient and stale processes that are reluctant to change. The culture is extremely passive aggressive and long-tenured employees are not welcoming to new hires from outside of the organization. People will go out of their way to sabotage opportunities for those offering new perspectives with greater value add. This causes forced interactions with low value collaboration. Many in analytical roles do not even understand basic Microsoft Office skills, Excel functions, V/XLOOKUPS, etc. and data is often reviewed manually per line item… This company is run like a low budget mom and pop shop where inefficient and backwards practices are toxically in circulation.

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