Does Hannover Re pay their employees well?

According to anonymously submitted Glassdoor reviews, Hannover Re employees rate their compensation and benefits as 4.0 out of 5. Find out more about salaries and benefits at Hannover Re. This rating has decreased by 5% over the last 12 months.

How satisfied are employees working at Hannover Re?

83% of Hannover Re employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Hannover Re 4.0 out of 5 for work life balance, 3.7 for culture and values and 4.0 for career opportunities.

What are the top reviewed jobs at Hannover Re?

Actuarial Intern (17) , Underwriter (16) , Actuarial Analyst (7) , Intern (7) , Internship (6) , Data Management Intern (4) , Project Manager (4) , Senior Underwriter (4) , Actuary (3) , Analyst (2) , Assistant Vice President (2) , Business Development (2) , Data Engineer (2) , Executive Assistant (2) , Manager (2)

What are the pros of working at Hannover Re according to real employee reviews?

"Good people and company policy & process." ((in 15 reviews)); "great working environment" ((in 9 reviews)); "A handful of committed employees doing good work despite the environment" ((in 4 reviews)); "Competent staff and competitive salary" ((in 4 reviews)); "Good benefits" ((in 4 reviews))

What are the cons of working at Hannover Re according to real employee reviews?

"very hao to become a manager" ((in 4 reviews)); "lack of progression, below market average pay." ((in 3 reviews)); "Lack of diversity" ((in 3 reviews)); "Childish leadership." ((in 3 reviews))

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Hannover Re

Hannover Re Reviews

4.2

83% would recommend to a friend

(108 total reviews)

Clemens Jungsthoefel

84% approve of CEO

81% positive business outlook

Company ratings over time

Ratings trend for the last 6 months (108 reviews)

Hannover Re has an employee rating of 4.2 out of 5 stars, based on 108 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Hannover Re employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

Reviews by job title

108 reviews

5.0

26 Aug 2024

Benefits

Anonymous employee

Recommend

CEO approval

Business outlook

Pros

Very good benefits and bonus payout.

Cons

There are plenty of bottleneck for IT innovation due to compliance and regulations. Highly situational.

4.0

14 Mar 2022

Good

Devops engineer

Recommend

CEO approval

Business outlook

Pros

Nice working environment for everyone

Cons

Nothing at the moment to share.

2.0

4 Jul 2017

Not a good employer (if you're not German)

Anonymous employee

Recommend

CEO approval

Business outlook

Pros

1. Large brand recognition as a reinsurer. 2. Narrow mandate of reinsurance only. They tend not to engage in insurance since it is not favorably looked up on by their clients. 3. Good job security. 4. 20+ vacation days. 5. Not expected after working hours.

Cons

1. "Old school" company with less regards to innovation. 2. Horrible payers - often 50% below market. 3. Highly bureaucratic. 4. Not women friendly - one of the board member made a remark that women are sometimes difficult to give higher responsibility since they are more expected to take care of kids. 5. Operates in Centralized fashion - German driven. They do not trust "non-German foreigners". 6. Not a good employer if you are entrepreneurial, they believe in keeping up to the old fashioned ways.

Viewing 1 - 3 of 108 Reviews

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