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?

84% 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?

"Benefits are good and group look after staff" ((in 99 reviews)); "Great people in the industry" ((in 93 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 80 reviews)); "Colleagues are friendly" ((in 49 reviews)); "It was great team to work with" ((in 26 reviews))

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

"Poor Management and corporate environment" ((in 24 reviews)); "Salaries are low and kept frozen for over 5 years." ((in 22 reviews)); "Astonishingly bad leadership , completely absent in a time of crisis with an inability to communicate effectively (month long gaps between comms on staff reduction)." ((in 10 reviews)); "Office politics can be overwhelming" ((in 10 reviews)); "long hours and demanding projects" ((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.

Munich Re reviews

Compare reviews

4.1

84% 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

2.0

May 4, 2025

Low Diversity, Big Egos

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

The perks are great and the office is collaboratively set up helping with a positive work environment

Cons

I was disappointed to find the lack of diversity at the leadership level and amongst peers. I was met with large egos and nonsensical policy. There were even times when leaders would send out emails not realizing I was cc’d negatively discussing the response to give me near my last day when I inquiring about vacation. I wasn’t even acknowledged on my last day by some leaders regarding my departure. Completely disingenuous besides the saving grace of the individual who originally recruited me to the organization.

Munich Re Response

1y

Dear former Colleague, Thank you for taking the time to share your feedback. We regret to hear that your experience with leadership did not meet your expectations. At Munich Re, we are committed to fostering a respectful and supportive work environment, and we take concerns like yours seriously. To better understand your perspective and identify areas where we can improve, we would appreciate the opportunity to engage in a confidential conversation. Please feel free to contact us by email (HR-careers@munichre.com) or reach out to your former designated Senior HR Business Partner at your convenience. Your insights are invaluable in helping us continue to grow as an employer. Kind regards, Munich Re

2.0

Feb 19, 2025

Decent place to work

Actuary

Recommend

CEO approval

Business Outlook

Pros

Good work life balance with some really great managers

Cons

Pay is not that great

Munich Re Response

1y

Dear colleague, Thank you for taking the time to leave your feedback. We are glad to hear that you enjoy the work-life balance at our company and value our leadership. We are constantly trying to improve as an employer and therefore value your statement about your salary. Please know that we take this seriously and understand that fair compensation for all employees is essential. If you want to share further details on this with us, feel free to reach out: HR-careers@munichre.com. Your insights are invaluable in helping to identify potential areas for improvement. Kind regards, Munich Re

2.0

Jan 15, 2025

Workplace with great potential, but pros can't outweigh the everyday cons

Business analyst

Recommend

CEO approval

Business Outlook

Pros

My colleagues are fantastic. Bright, committed, diligent, personable people. Benefits are very good.

Cons

Snr Management/Executive team Very poor communication from leaders Lack of accountability by and MGMT Not enough support with project blockers Environment not conducive to productivity due to continuous changing of strategy

Munich Re Response

1y

Dear Colleague, Thank you for sharing your feedback about your experience with us. We are delighted to hear that you value both your colleagues and the benefits offered. At the same time, we are sorry to hear about your negative experiences regarding important aspects such as management, communication, accountability, and task support. Please know that we value your insights and take your critique very seriously. To better understand and address these concerns, we kindly ask you to share further details with us via email at HR-careers@munichre.com. Thank you for your dedication and contributions to Munich Re. We are committed to fostering a supportive and inclusive environment for all our colleagues. Kind regards, Munich Re

Viewing 67 - 69 of 886 Reviews

Jobs at Munich Re

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Ciudad de México

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Low Diversity, Big Egos

Decent place to work

Workplace with great potential, but pros can't outweigh the everyday cons

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