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 (11) , 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)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 90 reviews)); "Great people to work with" ((in 90 reviews)); "Colleagues are friendly" ((in 51 reviews)); "The average salary is good" ((in 27 reviews))

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

"Office politics can be overwhelming" ((in 10 reviews)); "long hours and demanding projects" ((in 9 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 9 reviews)); "Not enough females in senior management" ((in 6 reviews)); "There is no clear career development." ((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

(889 total reviews)

Christoph Jurecka

100% approve of CEO

82% positive business outlook

Company ratings over time

Ratings trend for the last 6 months (889 reviews)

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Munich Re has an employee rating of 4.1 out of 5 stars, based on 889 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 Versicherungswesen industry (3.6 stars).

Reviews by job title

889 reviews

4.0

Feb 7, 2024

Best company to work for

Senior underwriter

Recommend

CEO approval

Business Outlook

Pros

Collaborative Culture, high performance driven

Cons

Flat structure making it challenging to advance to management position.

Munich Re Response

2y

Dear employee, Thank you for taking the time to review your position as a Senior Underwriter in Johannesburg. First of all, we would like to thank you for your work of 10 years at Munich Re. We are glad to hear, that you appreciate our collaborative culture. Our goal is to create a positive work environment that enables respectful and supportive collaboration opportunities. At the same time, we are sorry to hear that you were dissatisfied with the advancement possibilities. We continuously strive to improve the development and growth offerings for all our employees. If you would like to explain your points in more detail or have any recommendations, please let us know. Yours sincerely, The Munich Re HR Team

3.0

Feb 5, 2024

Good

Logistics

Recommend

CEO approval

Business Outlook

Pros

Nice work place with helpful people

Cons

To munch hours on a weekends

Munich Re Response

2y

Dear former employee, Thank you for taking the time to review your position in Logistics in Munich. A positive work environment is essential to us, therefore we are glad that you appreciated your workplace and your colleagues. At the same time, we are sorry to hear that you were dissatisfied with the work-life balance. The well-being of our employees is particularly important to us, this includes a healthy balance between work and leisure time. We are constantly working to improve ourselves. If you would like to explain your points in more detail or have any recommendations, please let us know. Yours sincerely, The Munich Re HR Team

4.0

Jan 29, 2024

Siloed Conglomerate

Underwriter

Recommend

CEO approval

Business Outlook

Pros

Great Financials, flexible schedule, great W/L balance

Cons

Very siloed, different oarts if org moving in different directions.

Munich Re Response

2y

Dear employee, We really appreciate you taking the time to describe your experience with us. We want to show our employees the appreciation they deserve by paying them fairly and ensuring a good work-life balance. We are pleased that you feel that this is an advantage. Thank you for your feedback regarding the development of the various departments, we take your opinion on this very seriously. If you have any specific suggestions or would like to share further details with us, please do not hesitate to contact us. Yours sincerely, The Munich Re HR Team

Viewing 475 - 477 of 889 Reviews

Jobs at Munich Re

Digital Learning Strategist - SuccessFactors Learning Strategy & Technology

Distribution and Sales Analyst

Group Underwriting Consultant

Customer Success Manager

Munich Re

Munich Re reviews

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Siloed Conglomerate

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