Munich Re reviews

4.1

84% would recommend to a friend

(886 total reviews)

Christoph Jurecka

100% approve of CEO

84% positive business outlook

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).

Reviews by job title

886 reviews
4.0
Sep 12, 2017

Great company, but not perfect

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

There's potential for growth and opportunities for leadership if you seek it out (although current transitional changes in structure may somewhat limit this for the next few years). There are lots of tools in place for network collaboration, including the potential to tap into expert resources. There are many training resources available, and strong support for studying and passing exams. Very friendly atmosphere, good work-life balance. Close-knit student actuarial group. The company has a good focus on giving back to the community. There are frequent opportunities for service projects, both on a team level and company level. Also, I feel the experience gained in a reinsurance company provides unique and valuable perspective not necessarily found working for a direct insurance company.

Cons

Depending on the department, on-boarding processes for getting new employees up to speed can be somewhat limited. Many of the networking and training resources available are under-utilized. Upper management decisions could be more transparent. There's a current organizational shift, and it seems that there was a decision made to choose a smaller amount work disruption instead of more clarity and transparency about the shift. To be fair, there was at least some attempt to provide answers to questions, though the attempt arguable fell short.

1.0
Sep 10, 2017

Learn your job

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Hours were flexible, but only 7.5 hours

Cons

Office gossip, doesn't train well, loud for a certain group, but when other group is loud, then all of a sudden it's a issue and people can't think. Politics, no growth

5.0
Sep 3, 2017

Organisation

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Professional, competent and collegiate team Work/Life Balance Good people Business run for long term results Great reputation Global Innovation push - global leader in its market

Cons

Like any large global and established organisation that sticks to its knitting and has disciplined approval processes it is difficult to systematically embrace an innovative culture to pivot business models except in pockets.

Viewing 760 - 762 of 886 Reviews

Glassdoor has 1,402 Munich Re reviews submitted anonymously by Munich Re employees. Read employee reviews and ratings on Glassdoor to decide if Munich Re is right for you.