MEMIC reviews

4.2

74% would recommend to a friend

(99 total reviews)
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Michael Bourque

97% approve of CEO

89% positive business outlook

MEMIC has an employee rating of 4.2 out of 5 stars, based on 99 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The MEMIC 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

99 reviews
5.0
Apr 21, 2017

Director of IT Operations

Recommend
CEO approval
Business Outlook

Pros

I worked for MEMIC for 17 1/2 years most of it in IT Operations. Here are some of the Pros: Advancement Compensation Management to employee collaboration Growth at a steady rate Trust Awesome CEO Great Culture

Cons

Culture is slowly changing John Leonard is retiring and will be missed!

1.0
Nov 6, 2016
Recommend
CEO approval
Business Outlook

Pros

As another reviewer indicated, there are no pros to working for MEMIC. I also agree that they sell themselves very well but once you get past the interview and orientation you quickly realize things are not as they appear. My manager immediately started making comments that quickly made me realize her thoughts were very different from her outward demeanor. Lastly, in concurrence with the other reviewer, do not trust management or believe the company's internal hype.

Cons

Everything, do not accept a position with this company if you are an experienced person seeking a career oriented position. They actually prefer inexperienced employees allowing them to shield themselves from any comparison with another company in the hopes that their internal hype will not be challenged. They also prefer to pay low salaries so they can return the maximum amount of premium to the client owners of this mutual company. Lastly, their systems are very difficult and cumbersome to use. They use an outdated DOS based diary system, a complex and non user friendly document system (Image Right) that does not interface with the diary system, and a vendor supplied bill paying system that is difficult to use and does not allow the adjuster the ability to process bills when necessary. As a result you are at the mercy of the bill vendor for improperly processed bills that are supposed to be paid within 30 days of receipt by Maine statute.

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MEMIC Response
7y
We appreciate constructive feedback and are doing our best to make changes that matter to all of us. There is no getting around that our staffing and employee support need to catch up to our growth – and we’re well on the way to doing so. In the last year, MEMIC has hired 65 new employees, the bulk of which are in our Claims Department. We offer on-the-job training, good benefits and pathways to career growth. We also recently completed an employee engagement survey that indicated we are measurably better as a place to work than the average insurance carrier. But we’re going to be even better. The survey is allowing us to engage all our employees in solutions that address flexibility, communications and career development. The survey results also indicated that we are far ahead of the industry as a place where people have job security and intend to stay long term.
5.0
Nov 1, 2016

Pleasant place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Overall, I enjoy working for MEMIC. The office space in Portland is modern and up to date. People across departments are friendly and welcoming. There seems to be a lot of growth at the different locations across the company. I have had nothing but a positive experience since taking this position. I would recommend this company to my friends and family.

Cons

There are none that I can think of. I enjoy working for MEMIC.

Viewing 88 - 90 of 99 Reviews

Glassdoor has 121 MEMIC reviews submitted anonymously by MEMIC employees. Read employee reviews and ratings on Glassdoor to decide if MEMIC is right for you.