Munich Re reviews

4.1

85% would recommend to a friend

(888 total reviews)

Christoph Jurecka

100% approve of CEO

82% positive business outlook

Munich Re has an employee rating of 4.1 out of 5 stars, based on 888 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).

Reviews by job title

888 reviews
1.0
Aug 1, 2023
Recommend
CEO approval
Business Outlook

Pros

Starbucks at cafe. Cafeteria serves lunch High school style at Princeton prices.

Cons

MR US CEO is arrogant, condescending and egocentric. His direct reports do not bother advising him as he is German and knows everything. They just follow orders. Authorities are words on paper but none in reality. Everyone is micro managed. Different rules for different people. Accelerated career ladders for friends. Interviews are a farce as most often “special people” will get coached for interview by the interviewers. Office politics is overwhelming. Compensation is stagnant and not competitive. Bonus tied to lack of worldwide catastrophes. No bonuses were paid during Covid. Supplies were on the employees dime. pricing tools are antiquated. Layers of work arounds and multiple excel based tools. Blame shifting, managing out vs managing up employees and bullying/ fear tactics best describes management style -driven by CEO. Strategy changes at a whim. Communication is poor. Goals are vague. Careers are capped unless you are German, Risk trainee, or have a friend on BOD mgmt that will send a recommendation.

3.0
Jul 30, 2023
Recommend
CEO approval
Business Outlook

Pros

good company with above average benefits and good colleagues

Cons

management team is so bad, very hierarchical and low efficient and standards. manage style is old school

5.0
Jul 28, 2023

Best Employer

Recommend
CEO approval
Business Outlook

Pros

Management is very accommodating Amazing work life balance Loads of opportunities to learn and grow Good benefits Strong Leadership and vision

Cons

No Cons, Its a dream to work with Munich Re

Viewing 349 - 351 of 888 Reviews

Glassdoor has 1,405 Munich Re reviews submitted anonymously by Munich Re employees. Read employee reviews and ratings on Glassdoor to decide if Munich Re is right for you.