Know what you're getting yourself into - Anonymous employee Allianz Employee Review

1.0
10 Apr 2020
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

AGCS in the US has very good benefits, international presence with offices around the world, people in general are friendly.

Cons

I was at AGCS for a little over 5 years, and it was largely a mess. Years of poor company performance with no pay raises and slashed bonuses, along with massive layoffs and offshoring of certain departments led to low morale and a general sense of apathy from employees. On our quarterly company-wide financial calls people would even be openly calling out executives in the Q&A about the state of the company. In addition to this, there is a huge CYA/political landscape to navigate at AGCS as well. I was encouraged to only communicate via email and not call people in order to have records of everything to cover myself and my department in the future since trust among groups is low. AGCS US has to report to the Germany headquarters, and very often what works for Germany doesn't work for the US and vise versa which just led to gridlock, meetings about meetings, failed multi-year projects with layoffs, and everybody's time being wasted in the end. AGCS is about as corporate and bloated as it gets. The IT and tech is way behind the times as well. This is a company that up until only 2 years ago was still using Lotus Notes as the primary email client.

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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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