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Insurance Services Office

Now known as Verisk

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Laid Back & Friendly Environment, but Lacked Motivation - Actuarial Insurance Services Office Employee Review

4.0
7 Feb 2016
Recommend
CEO approval
Business outlook

Pros

Coworkers were friendly and down to earth Some Good benefits, plenty of PTO, very good actuary study program, great on education for employees. Great learning experience to enter insurance industry. Low Stress work environment with good work/life balance Overall a good place to work.

Cons

High turnover. Was overstaffed by a lot, instead of overstaffing 20%, they should cut staff over time, and pay the staff more so you're left with more engaged & well-compensated employees, and turnover goes away. Instead they underpay, and keep hiring/overstaffing knowing people will leave & need to be replaced..doesn't make sense. There were layoffs that demoralized everyone. The best, most motivated employees seemed to leave for more pay, and many staff seemed content to just get by. Chipped away at health benefits. Eliminated profit-sharing, sharply increased rates on health insurance. No work-at-home capabilities. Promotional Raises were very modest. not a very social environment--people were friendly, but more so introverts so it was quiet.

Explore other reviews about Insurance Services Office

5.0
28 Sept 2022
Recommend
CEO approval
Business outlook

Pros

-Independent worm from home w little supervision. -Opportunity for advancement -company car

Cons

Travel weekly, occasionally overnight. (Once or twice per month)

3.0
12 July 2011
Recommend
CEO approval
Business outlook

Pros

Friendly atmosphere and flexible hours. Solid benefits package. Employees are encouraged develop as insurance professionals and not criticized for taking exams regardless of the outcome. New employees receive excellent training and more often than not good mentors when they first come to ISO.

Cons

No one has a clear understanding of how the promotion system works as you may see individuals with a distinct skill set and numerous accomplishments having the same or a lower rank than other people in the same division who are not nearly as talented or accomplished. This leads many veterans to accuse the promotion system of being more influenced by personal relationships and connections than actual performance. There is an initiative to seek out talented individuals to fast track them into management roles but the huge flaws in that logic are that a) there are few management positions available because underperforming managers are hard to eliminate no matter how many workers they may alienate b) not every good worker is suited to be a manager and c) there is no attention paid to what happens when an excellent worker gets promoted and there aren’t qualified analysts to fill their position. The lack of attention and resources directed towards the pool of talented workers who are not in management has led to many individuals burning out and becoming complacent or leaving the company as their voices are either not heard or disregarded as there have been few, if any substantive changes in procedures over the past decade.

4
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