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 103 reviews)); "Great people in the industry" ((in 95 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 86 reviews)); "Colleagues are friendly" ((in 47 reviews)); "Good pay and work" ((in 27 reviews))

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

"Poor Management and corporate environment" ((in 21 reviews)); "The handful of bad managers can bring down an entire department" ((in 13 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 10 reviews)); "long hours and demanding projects" ((in 9 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

5.0

Aug 11, 2024

Excellent Workplace with Outstanding Benefits

Consultant

Recommend

CEO approval

Business Outlook

Pros

The atmosphere at Munich Re is collaborative and encouraging. Colleagues are professional, and management is approachable and supportive. There is a strong focus on work-life balance, which is highly appreciated. -The company offers free lunch & excellent childcare benefits. The facilities are top and the company is committed to employee well-being.

Cons

No major cons to mention. Like any large company, there can be occasional bureaucracy,

Munich Re Response

1y

Dear colleague, Thank you for sharing your experience as a consultant at Munich Re. We’re delighted to hear that you value our collaborative environment and our commitment to maintaining a healthy work-life balance. We wish you all the best in your future endeavors. Kind regards, Munich Re

5.0

Jul 22, 2024

Fantastic place to work

Senior hr consultant

Recommend

CEO approval

Business Outlook

Pros

Great corporate culture, open and kind colleagues, deep expertise, great benefits

Cons

Can be complex and slow moving at times

Munich Re Response

1y

Dear colleague, Thank you for sharing your feedback regarding your experience as a Senior HR Consultant in Munich. We are very happy to hear that you appreciate certain aspects such as our work culture, your colleagues and our benefits. We also take your feedback regarding the complexity and pace of processes seriously. In global companies like Munich Re, some processes may be more complex and therefore take longer. However, we aim to continuously improve in this regard e.g., by implementing agile working methods. Thank you for your commitment. Good to have you with us. Kind regards, Munich Re

4.0

Jul 21, 2024

Interesting Internship

Internship

Recommend

CEO approval

Business Outlook

Pros

Received some interesting work tasks

Cons

occasionally high stress work environments

Munich Re Response

1y

Dear colleague, Thank you for your feedback regarding your internship. We are glad to hear that you found the tasks assigned during your internship valuable. The well-being of all our employees is our priority, particularly during demanding work phases. To better understand and enhance your experience, we kindly ask you to provide further details via email at p0060018221@munichre.com. Kind regards, Munich Re

Viewing 49 - 51 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)*

Germany

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

München

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Consultant Corporate Learning (m/f/d)*

München

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

München

View job

Munich Re

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