Good company to work for - Assistant Vice President Actuary Swiss Re Employee Review

4.0
20 Jun 2021
Recommend
CEO approval
Business outlook

Pros

1. Own the way you work policy is great 2. Senior leadership team has been really proactive in handling pandemic related challenges 3. The company really values and promotes inclusion and diversity 4. Good culture and work life balance 5. Quality of work is great from a learning perspective

Cons

1. Annual performance incentive (variable pay) is not revised on a yearly basis. This is the BIGGEST drawback. Even though the fixed pay gets revised annually, the variable remains the same for several years. So the variable component as a proportion of the overall pay keeps shrinking with time. Due to this reason, the actual salary revision % is lesser than the number communicated, because ONLY the fixed component changes. For example, if the increment is 7%, this means that fixed component changes by 7% but variable component changes by 0%. Hence, the actual revision to the gross pay would be somewhere around 5-6% depending on how big the variable component is. 2. Promotions and growth are slower compared to other global offices even if you have a great performance record. Due to this a lot of staff members relocate to other offices and come back after a few years as a senior leader

Explore other reviews about Swiss Re

5.0
23 Jun 2026
Recommend
CEO approval
Business outlook

Pros

The people you work with are amazing. The benefits are wonderful. I appreciate the bonus structure and the growth I've experienced with the organization.

Cons

Leadership's strategy and vision are severely lacking and self-serving. There's a lot of favoritism with the same people being included in decision-making without consideration for their ability to actually deliver results. In turn, the lower-level employees are left to clean up the disaster. I see that Swiss is on here making comments on employee reviews - hopefully they take note of how many people in the last 90 days said the same thing about the leadership strategy. We're not on glassdoor because we like reviewing our company - we're here looking for outside opportunities because of the way the company is currently operating. We're bleeding good talent because they no longer align with the corporate strategy.

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.

3
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Swiss Re Response
1d
Thank you for your review. We are glad to hear you valued your colleagues and some of the benefits of working at Swiss Re. We also take your concerns about change, stability and ways of working seriously, and we remain focused on ensuring a respectful and supportive environment across our global organisation.
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