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 102 reviews)); "Great people to work with" ((in 86 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 84 reviews)); "Colleagues are friendly" ((in 43 reviews)); "The average salary is good" ((in 23 reviews))

What are the cons of working at Munich Re according to real employee 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)); "There is no clear career development." ((in 7 reviews)); "Not enough females in senior management" ((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.

Munich Re 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

5.0

Mar 5, 2025

Exceptional company benefits and culture

Underwriter

Recommend

CEO approval

Business Outlook

Pros

Strong work life balance and very good opportunities to learn from market leaders. Friendly and open culture.

Cons

Career development challenged by limited number of roles, and very much 'self lead' development rather than structured.

Munich Re Response

1y

Dear Colleague, Thank you for your positive feedback and for being part of Munich Re. We’re delighted that you appreciate the work-life balance, the learning opportunities, and the culture. We understand that structured career development is important, and we acknowledge the challenges that come with limited roles. Continuous improvement is a priority for us, and we value insights like yours to help drive us forward as a company. If you have any further suggestions, please feel free to share them with us at HR-careers@munichre.com. Your insights are valuable in shaping our future. Kind regards, Munich Re

3.0

Feb 14, 2025

Declining company

Marketing

Recommend

CEO approval

Business Outlook

Pros

Big institution with good people

Cons

Crazy cost cutting and no transparency in people appointment and development, promotion chances very limited and industry declining

Munich Re Response

1y

Dear Colleague, Thank you for taking the time to share your feedback. We understand that transparency in career development and the efficient use of resources are important aspects of your experience, and we recognize there is always room to improve. Please know that we are continuously working to enhance these areas and welcome further insights from you. If you’d like to discuss your experience in more detail, we encourage you to reach out to us at HR-careers@munichre.com. Your feedback helps us create a better workplace for everyone, and we value your perspective. Thank you for being a part of Munich Re. Kind regards, Munich Re

5.0

Jan 27, 2025

Good place

Data engineer

Recommend

CEO approval

Business Outlook

Pros

Paid lunch, good environment and friendly people.

Cons

Your experience depends strongly on your team.

Munich Re Response

1y

Dear former colleague, Thank you for sharing your feedback about your experience with us. We’re happy to hear that you value the people as well as the overall environment at our company. We understand that experiences can differ depending on the team structure. Please know that we value your insights regarding this as they help us identify potential areas for improvement. Kind regards, Munich Re

Viewing 37 - 39 of 885 Reviews

Jobs at Munich Re

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

München

View job

Consultant Corporate Learning (m/f/d)*

München

View job

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

Deutschland

View job

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

München

View job

Global Specialist Employee and Travel Security (m/f/d)*

München

View job

Munich Re

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