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?

"Great people outside of dept" ((in 101 reviews)); "Benefits are good and group look after staff" ((in 95 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 85 reviews)); "Colleagues are friendly" ((in 46 reviews)); "The average salary is good" ((in 30 reviews))

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

"Office politics can be overwhelming" ((in 10 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 9 reviews)); "long hours and demanding projects" ((in 8 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

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4.1

84% would recommend to a friend

(884 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 884 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

884 reviews

3.0

May 13, 2026

Generous pay and benefits, but rigid systems exist

Senior software engineer

Recommend

CEO approval

Business Outlook

Pros

Generous pay. Good benefits. Friendly people.

Cons

Depends on the team, the system can be quite rigid. It is an old, established company after all.

Munich Re Response

2w

Dear colleague, thank you for taking the time to share your feedback. We are pleased to hear that you value the compensation and collaborative working environment at Munich Re. We also appreciate your perspective on our systems and structures. As an established global organisation, we operate within a complex environment, which can naturally bring a certain level of rigidity depending on the team and context. At the same time, we are continuously evolving and working to further develop more agile and dynamic ways of working, ensuring we remain efficient, and future-oriented. Thank you for being part of our community. Kind regards, Munich Re

4.0

May 6, 2026

Great work-life balance but pay needs improvement

Analyst

Recommend

CEO approval

Business Outlook

Pros

Great work life balance Good team environments

Cons

Pay, especially in the claims dept

Munich Re Response

3w

Dear colleague, Thank you for taking the time to share your feedback. We are pleased to hear that you value the work-life balance and the supportive team environment at Munich Re. We also acknowledge your comment regarding compensation in the claims department. Feedback like this is important to us, as it helps us reflect on employee perspectives and continuously review how we can further develop as an employer. Thank you for being part of our team. Kind regards, Munich Re

4.0

May 4, 2026

Great company with good benefits and pay

Manager

Recommend

CEO approval

Business Outlook

Pros

Great company good benefits and pay

Cons

None come to mind easily

Munich Re Response

4w

Dear colleague, Thank you for your positive feedback! We are very pleased to hear that you experience Munich Re as a great company and value the benefits and compensation we offer. We truly appreciate your contributions and dedication, and look forward to your continued success at Munich Re. Kind regards, Munich Re

Viewing 4 - 6 of 884 Reviews

Jobs at Munich Re

Praktikant im Bereich HR Learning & Talent Development (w/m/d)*

München

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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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Munich Re

Munich Re reviews

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Generous pay and benefits, but rigid systems exist

Great work-life balance but pay needs improvement

Great company with good benefits and pay

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