Munich Re reviews

4.1

84% would recommend to a friend

(885 total reviews)

Christoph Jurecka

100% approve of CEO

83% positive business outlook

Munich Re has an employee rating of 4.1 out of 5 stars, based on 885 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

885 reviews
1.0
Aug 1, 2023
Recommend
CEO approval
Business Outlook

Pros

Starbucks at cafe. Cafeteria serves lunch High school style at Princeton prices.

Cons

MR US CEO is arrogant, condescending and egocentric. His direct reports do not bother advising him as he is German and knows everything. They just follow orders. Authorities are words on paper but none in reality. Everyone is micro managed. Different rules for different people. Accelerated career ladders for friends. Interviews are a farce as most often “special people” will get coached for interview by the interviewers. Office politics is overwhelming. Compensation is stagnant and not competitive. Bonus tied to lack of worldwide catastrophes. No bonuses were paid during Covid. Supplies were on the employees dime. pricing tools are antiquated. Layers of work arounds and multiple excel based tools. Blame shifting, managing out vs managing up employees and bullying/ fear tactics best describes management style -driven by CEO. Strategy changes at a whim. Communication is poor. Goals are vague. Careers are capped unless you are German, Risk trainee, or have a friend on BOD mgmt that will send a recommendation.

2.0
Nov 21, 2018
Recommend
CEO approval
Business Outlook

Pros

Most employees are fun to work with but work in the shadows of their managers.

Cons

Management doesn’t get it. HR is old fashioned and generally supports management over the employees. Legacy leaders who Invest in old practices although they pride themselves on being innovative. Outside influences are lacking. Need to get out of a rut that is deep and paralyzing. From year to year its the same ole thing over and over.

1.0
Dec 2, 2022

Racist

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good Salary, Sweet Talk and time space

Cons

They are secretly inefficient to hire people from different nationalities because they would choose to not sponsor visa over a person’s talent, ability and qualifications. Very biased and if this is how a company works then stop sugarcoating and just say we are looking for people from the following nationalities, because that comes first,

Viewing 7 - 9 of 885 Reviews

Glassdoor has 1,401 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.