Munich Re reviews

4.1

85% would recommend to a friend

(889 total reviews)

Christoph Jurecka

100% approve of CEO

82% positive business outlook

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
3.0
Aug 13, 2021
Recommend
CEO approval
Business Outlook

Pros

- Extremely smart colleagues - People are polite and kind and you might even make a few good friends - Good perks and benefits - Great office location (downtown Toronto) - Lots of fun socials (pre-pandemic)

Cons

- It's a reinsurance company so they focus on growing actuarial talent. If you are joining any of the supporting teams like HR, marketing, accounting, etc. then you will be treated as an inferior part of the company structure. - There is no opportunity to grow in the supporting teams - Company promotes feedback culture to escape accountability for bad management. Continuous conversation program is flawed because it ignores the unequal power structure between manager and team members. Managers are given too much power because continuous culture is so ambiguous. And there is no room for providing feedback upwards. -The small supporting teams operate extremely lean and have a cut throat attitude when it comes to performance -Does not care if employees are overwhelmed or stressed. Will offload projects with unrealistic deadlines. Taking time off is often looked down upon. -During the pandemic employees did not receive bonus but shareholders did receive dividend -HR provides little to no support -Lots of bureaucracy since it's a multinational

5.0
Aug 9, 2021

Review

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Very learnable environment in the place, overall extremely well and good experience

Cons

None as such, no such demirits of the place. good

4.0
Aug 8, 2021
Recommend
CEO approval
Business Outlook

Pros

Reliable, well known, stable, knowledge

Cons

Glass ceiling, bonus structure changed

Viewing 562 - 564 of 889 Reviews

Glassdoor has 1,406 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.