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 91 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 85 reviews)); "Colleagues are friendly" ((in 52 reviews)); "The average salary is good" ((in 27 reviews))

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

"bad leadership and working environment" ((in 10 reviews)); "Office politics can be overwhelming" ((in 10 reviews)); "long hours and demanding projects" ((in 9 reviews)); "Not enough females in senior management" ((in 6 reviews)); "To little perspective on individual career development" ((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

(886 total reviews)

Christoph Jurecka

100% approve of CEO

84% 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 886 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

886 reviews

2.0

Apr 10, 2025

Take it or leave it.

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Good place if you are unambitious and seek a stable, safe career. Excellent work life balance accordingly.

Cons

As an employer they dictate terms. Nothing is on the table. Take it or leave it. Old perks and benefits rapidly eroding, but the company continues to view itself magnanimously.

Munich Re Response

1y

Dear former colleague, Thank you for taking the time to share your thoughts. We're pleased to hear that you valued the stability that Munich Re strives to offer. At the same time, we’re sorry to learn that other aspects of your experience fell short of your expectations. We regularly review our policies and benefits to ensure they are both competitive and supportive of our employees' needs. Your feedback is valuable and will be shared with the relevant teams for further reflection. We would appreciate hearing more about your experience. Please feel free to contact us at HR-careers@munichre.com. Kind regards, Munich Re

5.0

Apr 4, 2025

Overall a good place to work

Actuarial analyst

Recommend

CEO approval

Business Outlook

Pros

Good benefit. They value human touch and networking. Many knowledgeable guys working with you

Cons

hard to get a promotion but you can easily change jobs internally

Munich Re Response

1y

Dear colleague, Thank you for your thoughtful feedback! We're pleased to hear you've had a positive experience overall. We also appreciate your input regarding internal career development. Encouraging occupational mobility and growth remains a focus for us, and feedback like yours helps us continue to improve. Thank you for being part of our team! Kind regards, Munich Re

3.0

Apr 4, 2025

Good company

Anonymous

Recommend

CEO approval

Business Outlook

Pros

Stable, nice people and good environment

Cons

Little career progression and culture can be hard

Munich Re Response

1y

Dear former colleague, Thank you for taking the time to share your feedback. We're glad to hear you experienced a stable environment with great colleagues during your time at Munich Re. We also appreciate your perspective on career development and cultural aspects. These are important areas, and input like yours helps us continue to improve. If you have any specific suggestions, please don’t hesitate to reach out to us at HR-careers@munichre.com. Kind regards, Munich Re

Viewing 112 - 114 of 886 Reviews

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IT Transformation Analyst Intern

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