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

Jul 20, 2024

Fun place to work

Underwriter

Recommend

CEO approval

Business Outlook

Pros

Interesting industry to be in

Cons

Somewhat slow pace of life

Munich Re Response

1y

Dear former colleague, Thank you for your feedback regarding your experience as an Underwriter in Munich. We are delighted to hear that you feel at ease in the industry. Due to our company’s global structure, processes can sometimes take longer. However, we are continuously striving to improve our pace by introducing agile processes and working structures. We value your feedback and wish you all the best in your professional future. Warm regards, Munich Re

4.0

Jul 7, 2024

Solid company where you can easily retire

Underwriter

Recommend

CEO approval

Business Outlook

Pros

Very good secondary benefits. Great work/life benefits. Strict processes/organisation, solid employer to work for.

Cons

Base pay and bonus not the best. Extremely hierarchical setup which does not encourage entrepreneurial behaviour.

Munich Re Response

1y

Dear former employee, Thank you for your feedback regarding your experience as an underwriter in Munich. We are happy to hear that you enjoyed our benefits and work-life balance. We strive to ensure all our employees feel good about working with us. In addition to appreciation through a fair compensation, this also includes the reduction of hierarchical structures. Therefore, we thank you for your feedback on these points, it will help us to continuously improve as an employer. We wish you all the best for your professional future. Warm regards, Munich Re

4.0

Apr 21, 2024

Good Company with Caveats

Learning and development manager

Recommend

CEO approval

Business Outlook

Pros

Global company with many opportunities for both insurance industry professionals and other business disciplines. Good overall leadership in all regions and a wealth of development opportunities.

Cons

Global leadership is often too bureaucratic leading to a lack of innovation at a global level. Local area entities often outpace the global hub in areas of business innovation and employee development.

Munich Re Response

2y

Dear colleague, Thank you for your feedback regarding your experience as a Learning and Development Manager in Munich. We are pleased that you are satisfied with the leadership and development opportunities we offer. In large global companies like Munich Re, processes can take longer. We are aware of this and are constantly striving to improve. Good to have you with us. Warm regards, Munich Re

Viewing 52 - 54 of 885 Reviews

Jobs at Munich Re

Consultant Corporate Learning (m/f/d)*

München

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

München

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

München

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Munich Re

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Fun place to work

Solid company where you can easily retire

Good Company with Caveats

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