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?

86% 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 (79) , Underwriter (55) , Actuarial Analyst (28) , Internship (27) , Actuary (25) , Actuarial Intern (19) , Business Analyst (17) , Data Scientist (17) , Analyst (14) , Data Analyst (13) , Praktikant/in (13) , Senior Underwriter (13) , 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 100 reviews)); "Great people outside of dept" ((in 94 reviews)); "Great work life balance" ((in 82 reviews)); "Colleagues are friendly" ((in 49 reviews)); "The average salary is good" ((in 26 reviews))

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

"Poor Management and corporate environment" ((in 23 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 11 reviews)); "Office politics can be overwhelming" ((in 11 reviews)); "long hours and demanding projects" ((in 9 reviews)); "To little perspective on individual 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.

What are the top reviewed Munich Re locations?

Princeton , New York , Atlanta , Chicago , Hartford , Philadelphia , Amelia , Cincinnati , Plainsboro , Schaumburg , San Francisco , King of Prussia , Newark , Elon , Raleigh , China , Houston , Seattle , Carlisle , Bradenton , Boston , Alpharetta , Duluth , The Woodlands , Penn Hills , North Princeton , Lordstown

Munich Re reviews

4.2

86% would recommend to a friend

(892 total reviews)

Christoph Jurecka

100% approve of CEO

83% positive business outlook

Ratings by category

4.3

Work/Life balance

4.1

Culture & values

4.1

Diversity & inclusion

4.1

Compensation and benefits

3.7

Senior management

3.6

Career opportunities

Munich Re has an employee rating of 4.2 out of 5 stars, based on 892 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 Insurance industry (3.6 stars).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

892 reviews

3.0

Feb 2, 2013

Good benefits but not good place for cutting edge analytics

Actuarial consultant

Recommend

CEO approval

Business Outlook

Pros

The company offers above avergae benefits, good work place. The work pace can be hectic but generally there is not too much pressure.

Cons

The company does not promote creative thinking. Different departments are held to different standards in terms of work quality. No desire to change the status quo with outdated analytics.

4.0

May 17, 2011

This company has given me the opportunity to get a college education

Senior programmer analyst

Recommend

CEO approval

Business Outlook

Pros

The company has excellent education, medical and 401k benefits

Cons

The company has dismantle the IT division and has sent the jobs to Munich. They have been laying off IT staff over the last year.

3.0

Sep 5, 2025

Grass is Greener at Munich Re

Underwriting operations

Recommend

CEO approval

Business Outlook

Pros

Big company name recognition, learning resources, young employees get lifted up to management.

Cons

Most puppyManagement doesn’t know the trenches therefore overload on work is usual. No actual job reviews. Very clique like culture. Upper management always hires family and friends. You have to have a certain look or be o certain age to be promoted with a title.

Munich Re Response

10mo

Dear colleague, Thank you for taking the time to share your detailed feedback. We’re pleased to hear that you value the learning resources and development opportunities at Munich Re, especially as a long-standing colleague. At the same time, we take your concerns seriously and appreciate your input in helping us improve the work environment. We encourage you to discuss your observations with your HR Business Partner, who can best support you further. We’re grateful for your dedication and glad to have you as part of our team. Kind regards, Munich Re

Viewing 43 - 45 of 892 Reviews

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Good benefits but not good place for cutting edge analytics

This company has given me the opportunity to get a college education

Grass is Greener at Munich Re

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