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 106 reviews)); "Great people in the industry" ((in 87 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 86 reviews)); "Colleagues are friendly" ((in 50 reviews)); "The average salary is good" ((in 30 reviews))

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

"The handful of bad managers can bring down an entire department" ((in 13 reviews)); "bad leadership and working environment" ((in 11 reviews)); "long hours and demanding projects" ((in 10 reviews)); "Office politics can be overwhelming" ((in 10 reviews)); "team turnover is extremely high and there is no career development in there." ((in 7 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

(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 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

887 reviews

3.0

Feb 25, 2025

Need more structure

Underwriting analyst

Recommend

CEO approval

Business Outlook

Pros

Only 2 days in the office, get to wear jeans, free drinks and snacks. 24 PTO, 2 Volunteer Days., Friendly people. Good pay and decent benefits

Cons

Self-service training approach with very few training materials! , No development program for cross-training roles or for a UA to get into Underwriting. Lacking collaboration and communication between departments. Very, very manual processes but working towards building systems.

Munich Re Response

1y

Dear Colleague, Thank you for sharing your feedback and for highlighting the positive aspects of your experience, such as home office flexibility, benefits, and team culture. We understand your concerns regarding training, communication, and reliance on manual processes. Continuous learning and collaboration are essential to us, and we appreciate your input on how we can enhance these areas. We strive to continuously improve and create a more efficient work environment for all employees. If you have further insights or suggestions, we’d love to hear from you at HR-careers@munichre.com. Your feedback is invaluable in helping us grow. Kind regards, Munich Re

4.0

Feb 17, 2025

Solid place to work

Actuary

Recommend

CEO approval

Business Outlook

Pros

- Good renumeration - Free lunch - People nice

Cons

Tech/software is horrendous Difficult to get anything done Not open to new ways of working more efficiently

Munich Re Response

1y

Dear colleague, Thank you for your feedback. We are happy to read that you´re satisfied with the people, your compensation as well as the lunch provided at Munich Re. At the same time, we understand that certain tech and software hurdles can be difficult and frustrating when trying to complete tasks. Please know that we are always looking for areas to improve. That is why we kindly ask you to share more information about this with us via e-mail: HR-careers@munichre.com.Your insights are invaluable to us. Kind regards, Munich Re.

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

Viewing 121 - 123 of 887 Reviews

Jobs at Munich Re

Associate Financial Specialist

RI Accounting & Claims Handling Analyst

TreasurySvcs and AcctsPayable Analyst

Munich Re

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Need more structure

Solid place to work

Not recommended

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