White Plains, N.Y. — October 31, 2017 — Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has been named one of the 2017 Best Workplaces in Southern California by Fortune and Great Place to Work ®. PURE is one of 25 small to medium companies throughout the region recognized this year.
“We are honored to be recognized by Fortune and Great Place to Work, particularly in this market that is so important to PURE,” said Kevin Daley, President of the Western Zone for the PURE Group of Insurance Companies. “I am proud to be a part of an organization that’s dedicated to fostering a work environment where employees are empowered to be their best and to grow.”
The list of best workplaces was based on over 103,000 surveys from employees in several industries and looked at over 50 factors to gauge employee experience. These surveys assessed relevant culture programs improving business performance, unique workplace practices and other elements in company history, culture and leadership style.
"The 2017 Best Workplaces in Southern California are not only fun and caring places to build a career. Our research shows outstanding employers also enjoy more equitable organizations, high trust in management and faster revenue growth,” said Michael Bush, CEO of Great Place to Work.
An average of 94% of employees surveyed at the winning organizations said they would rate their service as “excellent,” and 95% said they describe their colleagues as friendly and are proud to tell others where they work.
Privilege Underwriters Reciprocal Exchange (PURE) is a policyholder-owned insurer dedicated to creating an exceptional experience for responsible high net worth individuals and families. PURE provides best-in-class, customizable coverage throughout the U.S. for high-value homes, automobiles, jewelry, art, personal liability, watercraft and flood. Today PURE insures more than 70,000 responsible, high net worth families and has earned a world-class NPS of 67.4. Inspired by some of the finest policyholder-owned companies in the world, PURE emphasizes alignment of interests and transparency. PURE's low cost of capital, careful member selection and proactive risk management all contribute to highly competitive rates. In return for a fee, PURE Risk Management, LLC acts as Attorney-in-Fact for PURE. For more information or to find a local broker, visit pureinsurance.com. You can follow PURE on Facebook, Twitter and LinkedIn.
About the Best Workplaces in Southern California
Great Place to Work surveyed more than 103,000 employees from Great Place to Work-Certified companies with locations in the region. The ranking was based on how positively employees rated their organizations on more than 50 metrics that define a great workplace, including management transparency, professional development opportunities, meaningful work, promotion equity and the generosity of benefit programs. Great Place to Work also analyzed demographic patterns to ensure organizations created great workplaces for all employees, regardless of who they are or what they do. All surveys were anonymous. Each organization’s results had at least a 95% confidence level and a 5% margin of error or less. They also were normalized for their size and complexity.
About Great Place to Work
Great Place to Work is the global authority on high-trust, high-performance workplace cultures. Through its certification programs, Great Place to Work recognizes outstanding workplace cultures and produces the annual FORTUNE "100 Best Companies to Work For®" and Great Place to Work Best Workplaces lists for Millennials, women, diversity, industries and, internationally, countries and regions. Through its culture consulting services, Great Place to Work helps its clients create great workplaces that outpace peers on key business metrics like revenue growth, profitability, retention and stock performance.