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?

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 99 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 85 reviews)); "Great people in the industry" ((in 85 reviews)); "Colleagues are friendly" ((in 50 reviews)); "The average salary is good" ((in 29 reviews))

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

"Poor Management and corporate environment" ((in 22 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)); "team turnover is extremely high and there is no career development in there." ((in 7 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

85% 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

Jul 5, 2024

Application developer

Applications developer

Recommend

CEO approval

Business Outlook

Pros

hybrid work, nice office, good benefits

Cons

disorganized, the IT department is run by a bunch of offshore externals as a consequence no one knows anything. The pay is laughable.

Munich Re Response

1y

Dear colleague, Thank you for your feedback regarding your experience as Applications Developer in Toronto. We strive to foster a positive working environment for every employee, and we are pleased to hear that you appreciated the benefits we offer. We deeply regret that you had concerns about the organization, the IT department, and the compensation. We understand the importance of having a well-structured team and fair pay. We kindly encourage you to provide us with more detailed information about your situation via the following email address: p0060018221@munichre.com This will help us understand the circumstances in more detail and work towards enhancing them. Warm regards, Munich Re

5.0

Jul 5, 2024

Positive Workplace

Claims consultant

Recommend

CEO approval

Business Outlook

Pros

Good management, development, and knowledge transfer

Cons

Systems and technology can be inefficient

Munich Re Response

1y

Dear colleague, Thank you for sharing your feedback about your time as a Claims Consultant in Princeton. We are glad to hear you had a positive experience overall. We understand your concerns regarding the inefficiencies in our systems and technology. It would be great if you could provide us with more specifics about the issues you encountered. Your feedback is invaluable to us, and we are committed to making improvements based on your insights. Good to have you with us Kind regards, Munich Re

4.0

Jul 3, 2024

Review

Coordinator

Recommend

CEO approval

Business Outlook

Pros

Great campus. Good benefits. Development opportunities.

Cons

Management alignment of development is not across the whole company.

Munich Re Response

1y

Dear colleague, Thank you for your feedback regarding your experience as a Coordinator in Princeton. We are happy to hear you enjoy our campus, benefits and development opportunities. Thank you for your perspective regarding management alignment. As we strive to ensure our development is embraced by the entire management and communicated transparently, we highly appreciate your feedback. Please do not hesitate to share further information with us. Good to have you with us. Warm regards, Munich Re

Viewing 220 - 222 of 886 Reviews

Jobs at Munich Re

Strategic HR Business Partner (m/f/d)*

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

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Physical Security Technology Manager (m/f/d)*

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

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Munich Re

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