Head Office Underwriting Assistant (Former Employee) – Waterloo, ON – 12 May 2018
Excellent work culture and good prospects to grow in the insurance industry. Good work like balance. Overall good benefits for staff. Good place to join and gain excellent technical insurance knowledge
coporate Service (Former Employee) – Waterloo, ON – 24 June 2017
purchasing team is a high turn over team, 80% people are new hires when I worked there, managers are also new. some have no procurement experience, high turn over on management level. there is no process in place, nor proper training for new hire. extra working hours in office or bring the work home is the expectation. HOWEVER, coworkers are excellent.
do not work for this company, they are closing branches one after the other, it is not worth leaving a steady job to work here, go to aviva, or crawford, managment is horrible you only get promoted if you kiss up, and goof around, you work hard do your job and are over looked. do yourself a favour move along
Job Work/Life Balance
Great pay and Benefits, but stressful work environment
Client Service Claims Representative (Former Employee) – Mississauga, ON – 23 January 2013
Great pay and Benefits, but stressful work environment. Some management members treated employees with disrespect.
Team Leader- Accident Benefits (Former Employee) – Toronto, ONtario – 31 October 2012
Received alot of useful training through my working at Economical Insurance. I had 3 week long trainging courses of Mastering Management which was very useful as a Team Leader with direct reports. Hardest part of the job was to deal with many different personalities on an ongoin basis.
alternative work arrangement days_ work extra hour per day to get one full day off
Former employee (Former Employee) – Waterloo – 10 September 2013
Economical was a good company, such a shame things changed... Yes there were always issues with favoritism when it came to promotions but that happens at many companies. The turning point was "demutualization". Now all that management cares about is cutting expenses, and employees are expensive. It's not about providing the best service, or treating the customers, brokers or employees fairly...... It's about making the company look appealing to invest in once they become a public company. From good work and family balance to corporate greed.... Unless agile lean are your two favorite words, you won't be happy there
Claims Assistant / Assignment Desk (Former Employee) – Mississauga, ON – 11 February 2018
I worked for a long time there. Nice people are to be met, carrying and fun yet professional. They care for your personal well being. It is at the end of the day a business so whatever makes the business more lean will be the decisive point.
Senior Auto Claims Representative (Former Employee) – Calgary, AB – 15 December 2012
assessing auto claims, dealing with insured's, third parties, outside insurance companies, vendors. I learned customer service, dispute resolution, negoiation skills. My co-workers were great and management was good. Hardest part of the job was keeping up with the volume and most enjoyable was supportive co-workers.
The role of a Claims Adjuster with The Economical Insurance Group, enabled me to utilize my existing customer service experience, as well as branch off into a well-rounded individual where I was able to apply multi-tasking abilities and organizational skills. These skills included, but were not limited to, data entry, organization, negotiation, liaison with other internal and external departments where I authoritatively confirmed coverage details, and communicated with third parties. This allowed claims to finalized and handled smoothly from inception to settlement. Also adhering to strict company and industry regulations was a must for success in this role. Prior to this position, as a Claims Assistant at Economical's Head Office, I maintained many departmental files and systems. I was the main point of all external and internal communication for any claims related issues or appointments that entered office. Furthermore, I learned to balance financial claim reserves, and was authorized to submit payments, cheques and US Drafts to our clients.
I was reasponsible for the monitoring of the mainframe operating system and worked on installing and configuring 3rd party products as well as assited with the instalation and verification of Z/OS operating system.
Great social comittee with plenty of events and discounts for employees
Too many process and paper work took more time than getting the work done
Underwriter/ Assistant (Former Employee) – Vancouver, BC – 17 September 2015
Cultural diversity, acceptance and willing to train each new person so he/she would become the best. A lot of work but it was fun to work there and had a lot of rewards for the work done. A good place to get promoted or develop in the direction you desired.
Auto Claims Assistant (Former Employee) – Calgary, AB – 6 August 2014
This is a great place to work at, I have learned a lot about auto claims processing. They have a great benefit package. Great working condition and team lead sometimes brought us lunch. I had to relocate that's why I am no longer at this company.
Great working condition, team lead sometimes brought us lunch.