Who is writing these reviews? Not anyone with insurance experince! - Senior Vice President Swiss Re Employee Review

1.0
24 Oct 2019
Recommend
CEO approval
Business outlook

Pros

Strong capital base - too big to fail Good severance package for the older experienced employees that they are getting rid of for cost cutting measure Lives off past reputation

Cons

1. Company run by (US) inexperienced executives who make all the wrong decisions 2. Employees underpaid by 30%. Ask anyone who left 3. Every decision is to reduce employee benefits 4. Cater to their “graduates” instead of veteran employees 5. Poor ability to learn 6. Who you report to more important than your own skill 7. Management vindictive and often uses “reapply for jobs”, restructuring, and other techniques to reduce salaries 8. After a few years raises disappear 9. Five percent budget decrease each year eventually impacts salaries 10. Leadership came from failed companies that support each other 11. HR is not your friend avoid any interaction, unethical 12. Alice in wonderland strategy 13. Not one respected leader all the good ones left

Explore other reviews about Swiss Re

5.0
10 Mar 2026
Recommend
CEO approval
Business outlook

Pros

Great culture, people are helpful

Cons

Over-engineering in making decisions. Lots of hoops to jump through to get things done.

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Swiss Re Response
3w
We’re glad the culture and supportive colleagues have been meaningful in your experience. We know large organisations can sometimes feel complex, and we're constantly working to simplify decision making where possible. Thank you for your review.
2.0
30 May 2026
Recommend
CEO approval
Business outlook

Pros

1. 12% 401k match 2. Amazing co workers in the trenches but this is rapidly changing as people look for the exits.

Cons

1. Management - the new management team has a maximum personal bonus / profit only mindset. Cost cutting reigns. 2. Constant layoffs. No job is safe. 3. Company has offshored many jobs to India and is in a race to move key underwritering, engineering, claims functions to India as well. Overall, it feels more like a private equity gut job than a publicly traded company.

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