Last career move - Associate Actuary Munich Re Employee Review

5.0
Apr 3, 2024
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!

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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

Explore other reviews about Munich Re

5.0
May 19, 2026
Recommend
CEO approval
Business Outlook

Pros

Good People Team Environment Room for Advancement

Cons

Lots of Work at Times Competitive Environment

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Munich Re Response
1w
Dear colleague, Thank you for taking the time to share your feedback. We are pleased to hear that you experienced a supportive team environment and opportunities for professional growth during your internship with Munich Re. We also appreciate your perspective on the workload and the competitive environment as you experienced them during your time with us. Your feedback helps us continuously reflect on how we structure work and support our teams in the best possible way. We wish you all the best for your future career. Kind regards, Munich Re
4.0
Jun 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Great bonus and great health and commuter benefits

Cons

A lot of company politics

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