Does Munich Re pay their employees well?

According to anonymously submitted Glassdoor reviews, Munich Re employees rate their compensation and benefits as 4.0 out of 5. Find out more about salaries and benefits at Munich Re. This rating has been stable over the past 12 months.

How satisfied are employees working at Munich Re?

85% of Munich Re employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Munich Re 4.3 out of 5 for work life balance, 4.1 for culture and values and 3.6 for career opportunities.

What are the top reviewed jobs at Munich Re?

Intern (77) , Underwriter (55) , Actuarial Analyst (28) , Internship (26) , Actuary (25) , Actuarial Intern (19) , Business Analyst (17) , Data Scientist (17) , Analyst (14) , Data Analyst (13) , Praktikant/in (13) , Senior Underwriter (12) , Consultant (11) , Manager (10) , Technical Accountant (10)

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

"Great people to work with" ((in 97 reviews)); "Benefits are good and group look after staff" ((in 96 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 90 reviews)); "Colleagues are friendly" ((in 52 reviews)); "Good work environment and business model" ((in 27 reviews))

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

"Poor Management and corporate environment" ((in 22 reviews)); "Office politics can be overwhelming" ((in 11 reviews)); "bad leadership and working environment" ((in 10 reviews)); "long hours and demanding projects" ((in 8 reviews)); "There is no clear career development." ((in 8 reviews))

What are employees saying about Munich Re layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Munich Re layoffs and their outlook for job security at Munich Re in 2026.

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Munich Re

Munich Re reviews

4.1

85% would recommend to a friend

(886 total reviews)

Christoph Jurecka

100% approve of CEO

84% positive business outlook

Ratings by category

4.3

Work/Life balance

4.1

Culture & values

4.0

Diversity & inclusion

4.0

Compensation and benefits

3.6

Senior management

3.6

Career opportunities

Munich Re has an employee rating of 4.1 out of 5 stars, based on 886 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Munich Re employee rating is in line with the average (within 1 standard deviation) for employers within the Seguros industry (3.6 stars).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

886 reviews

5.0

Aug 13, 2020

Amazing

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Amazing company to work for

Cons

No cons to be reported

4.0

Jul 24, 2020

work environment

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Good work environment and very flexible work time schedule

Cons

currently feel most aspect of working is good

2.0

Jun 20, 2020

Financial Solutions

Financial solution manager

Recommend

CEO approval

Business Outlook

Pros

Munich Re offers the typical benefits of an insurer: + Less competitive coworkers + Respectful, friendly people + Humane working hours On top of that, the upper management is very competent with a clear vision and a game plan.

Cons

If you are somewhere in your 30s and have experience at a larger financial institution, the following will interest you: - Small salary: 50-60% less than at banks or asset managers. While the base may look similar, there is a low cap on the bonus. The whole compensation system is very rigid and you might get a raise every five years, if you are lucky. - No room for promotions, since there is only 'Junior and Senior' (and not VP, ED, MD, etc.) - Image: You will be viewed by other companies (and especially recruiters!) as insurance employee, which might affect you further career development. What bothers me most however, is the fact that the people who recruited and hired me intentionally kept me in the dark on compensation and career development, because they knew that otherwise I would not have joined.

Viewing 661 - 663 of 886 Reviews

Jobs at Munich Re

F&C Property & Engineering Underwriter (m/f/d)* - Munich RE Mexico

Ciudad de México

View job