Does Munich Re pay their employees well?

According to anonymously submitted Glassdoor reviews, Munich Re employees rate their compensation and benefits as 4.1 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?

85% 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 109 reviews)); "Great people in the industry" ((in 91 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 89 reviews)); "Colleagues are friendly" ((in 45 reviews)); "The average salary is good" ((in 30 reviews))

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

"Poor Management and corporate environment" ((in 22 reviews)); "bad leadership and working environment" ((in 12 reviews)); "long hours and demanding projects" ((in 10 reviews)); "Office politics can be overwhelming" ((in 10 reviews)); "Limited working hours" ((in 8 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.

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Munich Re

Munich Re reviews

4.1

85% would recommend to a friend

(886 total reviews)

Christoph Jurecka

100% approve of CEO

82% positive business outlook

Ratings by category

4.3

Work/Life balance

4.1

Culture & values

4.1

Compensation and benefits

4.0

Diversity & inclusion

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

1.0

Nov 23, 2020

not fair

Compliance analyst

Recommend

CEO approval

Business Outlook

Pros

it paid a salary and was close to home

Cons

fake people, no recognition for hard work, rewards only for "popular" people

2.0

Sep 27, 2017

product development

Product development

Recommend

CEO approval

Business Outlook

Pros

Stable company. Good compensation.

Cons

Silos, Stay in your lane..no advancement opportunities

4.0

Apr 22, 2015

Actuarial Associate at MARC

Actuarial associate

Recommend

CEO approval

Business Outlook

Pros

Good company. Very relaxed company in general if you avoid certain crazy people, but there aren't too many of those. The CEO has a good heart and you can see it at the quarterly meetings. There doesn't seem to be too much pressure to work overtime for most people. There is an actuarial rotation program that's very good (you have a rotation every 2 years for ALL pre-FSA's).

Cons

Can get to be a little too relaxed at times, and I feel that it could be detrimental to industry knowledge if you want to move to another company. IT is pretty much worthless, and they want to restrict access to pretty much everything even though they don't know anything about the day-to-day processes. It also seems that the actuaries are left to do all these workarounds because upper management doesn't want to force upstream users (Admin, Claims, etc.) to learn how to use Excel or computers in general.

Viewing 136 - 138 of 886 Reviews

Jobs at Munich Re

Intern Artificial Intelligence (m/f/d)*

München

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Project Manager - Business Strategy & Operations (m/f/d)*

München

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Intern Consultant Data Science and AI (m/f/d)*

München

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

München

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Munich Re Service GmbH - Risk Analytics Consultant (m/f/d)*

München

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