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
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
1mo
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.

2
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