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      Munich Re

      Engaged Employer

      Munich Re reviews

      4.1

      85% would recommend to a friend

      (887 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 887 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).

      Ratings by demographic groups

      Reviews by job title

      887 reviews
      3.0
      Apr 4, 2024

      Great benefits, poor culture

      Head of hr
      Recommend
      CEO approval
      Business Outlook

      Pros

      Pay and benefits, great colleagues, financially successful, flexible work

      Cons

      Poor leadership especially at Board level, not sufficiently international, hierarchical, slow, bureaucratic

      5.0
      Apr 3, 2024

      Last career move

      Associate actuary
      Recommend
      CEO approval
      Business Outlook

      Pros

      Absolutely the last time ever you will want to look for a new job. Once you arrive at Munich Re, you have arrived at the best place and the last place you will be working if you are a career actuary. Munich Re provides a structured onboarding process, from inhouse practices to cross team introductions. They provide numerous opportunities to upskill on the job, and you are never discouraged from reaching out to other teams to collaborate on projects. You will not find yourself yearning for tools that may improve your daily tasks, they even have dedicated teams that streamline market research. The Underwriters are often just as cautious as the actuaries, and they have a fantastic approach to risk appetite, which releases the actuaries from the burden of gaming the numbers. Compensation is in the two 0.1 percentile of the industry, and they have a generous 401k match, a defined contribution style retirement plan, and a full breadth of ancillary benefits. Flexible work environment, with only two days in the office. Though with the discounted cafeteria, and onsite fitness center, you will want to come in more than twice.

      Cons

      The policy management system could use an overhaul, and the associated database it populates is poorly engineered, though it appears with a new chief data officer, this single shortcoming is going to be addressed too!

      avatar
      Munich Re Response
      2y
      Dear colleague, Thank you for taking the time to share your detailed feedback regarding your experience as an Associate Actuary at Princeton. We are very pleased that certain aspects, including our onboarding process, education programs, compensation and home office opportunities, meet your expectations. These are all aspects that we attach great importance to in order to ensure collective growth as an organization. It´s great to hear that you perceive this accordingly. Thank you for also sharing your improvement suggestions with us. Your perspective on our policy management system helps us to continuously improve as an employer as we strive to foster ideal conditions. We always value creative approaches such as holding team meetings outside. Good to have you with us. Warm regards, Munich Re
      4.0
      Apr 2, 2024

      Good

      Software engineer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good working enviroment and lunches

      Cons

      Human Resources can be problematic interacting with

      avatar
      Munich Re Response
      2y
      Dear former employee, Thank you for your feedback regarding your experience as a software engineer at Munich Re. A pleasant working environment with attractive conditions is cruicial to feeling comfortable at work. We attach great importance to ensuring an encouraging corporate atmosphere for all our employees, therefore, we are very pleased that these points meet your expectations. We would also like to address your point about HR. The Human Resources department is not only responsible for managing all personnel-related processes, but also for ensuring there is a contact point for employees' concerns and problems. Therefore, interaction with HR should remain encouraging for all employees. Please do not hesitate to share more details to help us continuously improve as an employer. We wish you all the best for your future. Warm regards, Munich Re
      Viewing 256 - 258 of 887 Reviews
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      ReviewsMunich Re reviews

      Glassdoor has 1,404 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.