Does GNY Insurance Companies pay their employees well?

According to anonymously submitted Glassdoor reviews, GNY Insurance Companies employees rate their compensation and benefits as 4.1 out of 5. Find out more about salaries and benefits at GNY Insurance Companies. This rating has improved by 9% over the last 12 months.

How satisfied are employees working at GNY Insurance Companies?

76% of GNY Insurance Companies employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated GNY Insurance Companies 3.9 out of 5 for work life balance, 4.2 for culture and values and 3.8 for career opportunities.

What are the top reviewed jobs at GNY Insurance Companies?

Underwriter (8) , Underwriting Assistant (4) , Claims Assistant (3) , Senior Underwriter (3) , Actuarial Intern (2) , Attorney (2) , Claims Adjuster Trainee (2) , Claims Examiner (2) , Loss Control Field Representative (2) , Paralegal (2) , Receptionist (2) , Senior Production Underwriter (2) , Underwriting Trainee (2)

What are the pros of working at GNY Insurance Companies according to real employee reviews?

"People are friendly and supportive." ((in 10 reviews)); "Good benefits" ((in 9 reviews)); "Coworkers are friendly, helpful, and team" ((in 6 reviews)); "Management is approachable, reasonable, and flexible." ((in 5 reviews)); "Excellent work environment, great colleagues" ((in 5 reviews))

What are the cons of working at GNY Insurance Companies according to real employee reviews?

"Low paying compared to the market." ((in 6 reviews)); "Training wasn't hands on enough and I still don't know how to resolve complex situations and how to negotiate with attorneys" ((in 3 reviews)); "training program was miserable, low salaries, super old" ((in 3 reviews))

What are the top reviewed GNY Insurance Companies locations?

New York , Quincy , East Brunswick , Hunt Valley , Edison , Chicago , Brooklyn , Glastonbury , Havertown , Philadelphia , Sharon , Midtown New York

GNY Insurance Companies reviews

4.0

76% would recommend to a friend

(110 total reviews)

Elizabeth Heck

82% approve of CEO

78% positive business outlook

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

GNY Insurance Companies has an employee rating of 4.0 out of 5 stars, based on 110 company reviews on Glassdoor which indicates that most employees have a good working experience there. The GNY Insurance Companies 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

110 reviews

4.0

May 1, 2018

Underwriter

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Company has made may beneficial changes to keep up with a changing (younger / technology) industry.

Cons

Salary, micromanage employees

2.0

Apr 18, 2018

Employees Are Treated Like Children

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

GNY has carved out a nice little niche for themselves in the market and they are very good at what they do. There are some good people that work here, who are courteous and knowledgeable. That is about it

Cons

There is a huge disconnect between senior management and lower level employees. Management has no clue what it takes to get stuff done here and the frustrations that employees face on a daily basis. Underwriters have no authority to make decisions and everything must be referred. There is no trust afforded to people. There are also certain managers here who are extremely condescending to lower level/new employees, who are made to feel like children. I think one of the senior underwriting managers has a graduate degree in micromanaging. Work from home privileges are not extended to all employees. The office is straight out of 1987. Some of the filing cabinets here (and the paperwork in them) are older than some of the employees. Seriously outdated and depressing office environment.

GNY Insurance Companies Response

8y

As the author of this review states, GNY is “very good at what they do.” There is a reason for this. Relationships are important to GNY. We believe in developing careers from the ground up and that investment in people requires a lot of coaching and oversight for less experienced staff. To some, that may be micromanaging. To GNY, it is due diligence. We promote from within and several of our supervisory staff members started with GNY as trainees and remain with GNY because they appreciate the mentorship they receive from much more experienced staff members. Trust and authority are given consistent with experience. My recommendation to this author is to speak to their manager or, if you don’t feel comfortable doing so, speak to someone from human resources. Only then can a specific complaint be addressed appropriately.

2.0

Mar 31, 2018

UA

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

I'm trying to think of some but other than some of the people being nice, there aren't any.

Cons

The company micro - manages. The environment is not upbeat and the company is stuck in the 70's. They talk about people and their performance openly as if you can't hear the conversions, and the training program is non-stop existent.

Viewing 67 - 69 of 110 Reviews

Jobs at GNY Insurance Companies

Claims Assistant - NY

Liability Claims Examiner Trainee - NJ

Associate AI Engineer