Does Munich Re pay their employees well?

According to anonymously submitted Glassdoor reviews, Munich Re employees rate their compensation and benefits as 4.1 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?

"Benefits are good and group look after staff" ((in 94 reviews)); "Great people in the industry" ((in 86 reviews)); "Colleagues are friendly" ((in 47 reviews)); "The average salary is good" ((in 32 reviews)); "Good work environment and business model" ((in 23 reviews))

What are the cons of working at Munich Re according to real employee 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 11 reviews)); "Office politics can be overwhelming" ((in 11 reviews)); "long hours and demanding projects" ((in 9 reviews)); "team turnover is extremely high and there is no career development in there." ((in 8 reviews)); "Not enough females in senior management" ((in 6 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

4.1

85% would recommend to a friend

(886 total reviews)

Christoph Jurecka

100% approve of CEO

82% positive business outlook

Ratings by category

4.3

Work/Life balance

4.1

Culture & values

4.1

Compensation and benefits

4.0

Diversity & inclusion

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

1.0

Feb 5, 2025

Not recommended

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Small team thus more responsibility

Cons

High emotional cost, they are looking for only Yes-man

Munich Re Response

1y

Dear Former Employee, Thank you for sharing your experience with us. We appreciate your recognition of the challenges and responsibilities that come with working in a small team. We’re sorry to hear that your time with us didn’t fully meet your expectations. Please know that we take all feedback seriously and are committed to continuously improving as a company. The well-being of our employees is a priority, and we would truly value any further insights you’re willing to share. If you’re open to it, please reach out to us at HR-careers@munichre.com. We sincerely wish you the best in your future endeavors. Kind regards, Munich Re

3.0

Jan 8, 2025

HR dominated environment

Anonymous

Recommend

CEO approval

Business Outlook

Pros

Infectious drive and enthusiasm from senior management and a respected brand performing well.

Cons

Mysterious domination by HR in all areas produces zero income but seems unassailable. Questionable gender pay gap. Lip service only to diversity which is farmed out to employee groups rather than delegated to HR who produced the problem in the first place. Would not trust any anonymous reporting promise.

Munich Re Response

1y

Dear Colleague, Thank you for taking the time to share your feedback with us. We regret to hear about your negative experience with HR at our company. Issues such as the gender pay gap and anonymous reporting are taken very seriously, and we would greatly appreciate hearing more about your perspective. Your input is invaluable and motivates us to continuously improve. If you’re open to it, we encourage you to share more details about your experience with us directly at HR-careers@munichre.com. This will help us work towards creating an even better work environment for everyone. Kind regards, Munich Re

2.0

Nov 20, 2024

Blame culture, limited diversity and old boys network

Finance

Recommend

CEO approval

Business Outlook

Pros

Good people at the coal face doing the work. Big name in the industry.

Cons

Communications around training and opportunities sound great but are very limited once you try to develop unless you are in the favoured group, if not then it was very much stay in your lane. Senior management cover themselves with Group by allocating blame. Diversity and retention appears a challenge as a lot of past leavers were non white, female , experienced and new.

Munich Re Response

1y

Dear former colleague, Thank you for sharing your experience with us. We’re glad you value the dedication of your colleagues and our strong industry reputation. We take your feedback on development opportunities, diversity, and retention seriously. Creating an inclusive environment with equal opportunities for growth is a priority, and your insights help us improve. We would like to kindly encourage you to share further details of your experience with us via the e-mail address below: p0060018221@munichre.com We wish you all the best for your professional future! Kind regards, Munich Re

Viewing 124 - 126 of 886 Reviews

Jobs at Munich Re

Customer Success Manager

Distribution and Sales Analyst

Parametric Structuring Analyst

Munich Re

Munich Re reviews

Ratings by category

Ratings by demographic groups

Reviews by job title

Not recommended

HR dominated environment

Blame culture, limited diversity and old boys network

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