Does Munich Re pay their employees well?

According to anonymously submitted Glassdoor reviews, Munich Re employees rate their compensation and benefits as 4.0 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?

84% 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 98 reviews)); "Great people in the industry" ((in 97 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 77 reviews)); "Colleagues are friendly" ((in 53 reviews)); "Good work environment." ((in 25 reviews))

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

"Poor Management and corporate environment" ((in 20 reviews)); "Office politics can be overwhelming" ((in 11 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 10 reviews)); "long hours and demanding projects" ((in 9 reviews)); "There is no clear career development." ((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

Compare reviews

4.1

84% would recommend to a friend

(885 total reviews)

Christoph Jurecka

100% approve of CEO

83% positive business outlook

Ratings by category

4.3

Work/Life balance

4.1

Culture & values

4.0

Diversity & inclusion

4.0

Compensation and benefits

3.6

Senior management

3.6

Career opportunities

Munich Re has an employee rating of 4.1 out of 5 stars, based on 885 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

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

885 reviews

3.0

Dec 5, 2025

Well intentioned company

Tax manager

Recommend

CEO approval

Business Outlook

Pros

Good facilities, lunches provided for free, good social policies, flexible working that is flexible. It's enabling to have a finance function based in the UK that you can meet and talk to.

Cons

Uncompetitive bonus scheme - check details before you join. Management talk about the need to push down responsibility but do the opposite. You get shouted at quite a bit, but I guess that's a German thing.

Munich Re Response

5mo

Dear former colleague, Thank you for taking the time to share your feedback. We are pleased to hear that you found our facilities, policies, and overall working conditions satisfactory. We also take note of your concerns regarding our bonus structures and management practices. Providing a respectful, supportive, and growth-oriented work environment is a core priority for us. We are sorry to learn about the negative communication experiences you mentioned. This does not reflect the standards we strive to uphold. Should you wish to share further details, you are welcome to reach out to us at HR-careers@munichre.com . We appreciate your contributions during your time with us and wish you every success in your future career. Kind regards, Munich Re

4.0

Nov 20, 2025

Good

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Flexible working arrangements, hybrid working style

Cons

A lot of politic games

Munich Re Response

6mo

Dear colleague, Thank you for taking the time to share your feedback with us. We’re glad to hear that you value our working arrangements. At the same time, we take your comment regarding internal politics seriously. Insights like yours help us strengthen collaboration and transparency across the company. Please know that we remain committed to fostering an open and cooperative work culture, and your perspective supports our efforts to identify areas for improvement. Thank you for being part of Munich Re. Kind regards, Munich Re

3.0

Nov 19, 2025

Good to learn but lack of growth opportunities

Entry level software engineer

Recommend

CEO approval

Business Outlook

Pros

Friendly colleagues, and great benefits

Cons

Lack of growth opportunities and high recent turnover

Munich Re Response

6mo

Dear former colleague, Thank you for sharing your feedback with us. We’re glad to hear that you had positive experiences with the people in your team and valued the benefits we provide. We also acknowledge your concerns regarding growth opportunities and high turnover. This is valuable input, as we continuously strive to improve our development pathways and overall employee experience. If you’d like to share more, please feel free to reach out to us at HR-careers@munichre.com. Any additional insights can help us better understand your perspective. We appreciate your contributions during your time with us and wish you all the best in your future professional endeavors. Kind regards, Munich Re

Viewing 31 - 33 of 885 Reviews

Jobs at Munich Re

Munich Re Service GmbH - Junior Product Manager - Insurance (m/f/d)*

München

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Praktikum für den Bereich Eventmanagement (m/w/d)*

München

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Consultant Corporate Learning (m/f/d)*

München

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Intern Climate Advisory and Analytics (m/f/d)*

München

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Consultant Sustainability (m/f/d)* in full- or part time (80%) - limited until 06/2027

München

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Good

Good to learn but lack of growth opportunities

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