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 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

3.0

Nov 8, 2024

Strong Policies and Benefits, but Bureaucratic and Germany-Centric

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

- Comprehensive policies and benefits package. - Well-intentioned initiatives on paper.

Cons

- Bureaucratic structure, with most decisions routed through Germany, often delaying progress in other regions. - Lack of accountability for management's adherence to policies.

Munich Re Response

1y

Dear former colleague, Thank you for taking the time to share your experience with us. We’re glad to hear that you valued our comprehensive policies and benefits package, among others. You’ve also shared some interesting insights, and we are dedicated to using this feedback to make continuous improvements that enhance the work experience for everyone. We wish you all the best for your professional career. Kind regards, Munich Re

5.0

Jun 6, 2024

Great Company

It risk technical specialist

Recommend

CEO approval

Business Outlook

Pros

Benefits, salary, culture, global company.

Cons

I've yet to experience any cons.

Munich Re Response

2y

Dear colleague, Thank you for sharing your positive experience as an IT Risk Technical Specialist in Cincinnati. We are delighted to hear that you appreciate the overall benefits of working with us. Thank you for your positive contribution and for being a part of our team. Warm regards, Munich Re

Viewing 46 - 48 of 892 Reviews

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Munich Re

Munich Re reviews

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Need more structure

Strong Policies and Benefits, but Bureaucratic and Germany-Centric

Great Company

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