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 94 reviews)); "Great people in the industry" ((in 86 reviews)); "Colleagues are friendly" ((in 47 reviews)); "The average salary is good" ((in 32 reviews)); "Good work environment and business model" ((in 23 reviews))

What are the cons of working at Munich Re according to real employee 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 11 reviews)); "long hours and demanding projects" ((in 9 reviews)); "team turnover is extremely high and there is no career development in there." ((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

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

5.0

Jan 13, 2024

work atmosphere

Engineer

Recommend

CEO approval

Business Outlook

Pros

good company to work and learn

Cons

poor decision taking from hr

Munich Re Response

2y

Dear employee, We appreciate you taking the time to review your current position as an engineer at Munich Re. We are pleased to hear that you perceive our company as a place where you can learn and develop professionally. Appreciative behaviour and understandable decisions from an HR perspective are also very important to us. As we aim for continuous improvement, we take feedback very seriously. Thank you for being part of our organisation and contributing to Munich Re´s success. Yours sincerely, The Munich Re HR Team

5.0

Jan 4, 2024

Great organisation

Claims

Recommend

CEO approval

Business Outlook

Pros

Friendly place, good benefits, good colleagues

Cons

Large organisation so can be hard to navigate

Munich Re Response

2y

Dear employee, Thank you for taking your time to evaluate your position in claims at Munich Re. We are glad to hear that you are pleased with our benefits as well as your colleagues. Your recognition validates our efforts to create a positive work environment. We are grateful for your commitment, and should you have any further suggestions or ideas on how we can improve even further, please do not hesitate to let us know. Thank you for being part of our team. Yours sincerely, The Munich Re HR Team

1.0

Jan 2, 2024

terrible training and overloaded with word

Accounting and claims handling analyst

Recommend

CEO approval

Business Outlook

Pros

The dept I worked at had the nicest people I have ever met. Everyone was super genuine especially my manager Chris

Cons

Everyone assured me I was keeping up with my work however with the poor training and lack of support I was falling behind. They constantly reassured me that I was keeping up while trying to learn but I couldn't help but feel like I wasn't. Everyone was behind, no one could keep up with the workload, the person training me was just brought onto another position. This created so many problems and when I reached out for help he tried his best but it was absolutely a bother. i can not express enough HOW TERRIBLE THE ONBOARDING EXPIERENCE WAS. all this falling behind got me fired at the end of 8 months after I had finally taught myself how to use the system and manage my accounts.

Munich Re Response

2y

Thank you for taking your time to evaluate your position as an accounting and claims handling analyst. We are very sorry to hear that you were not happy with the training you received and the workload. Our goal is to train our employees the best we can and assure them a workload that is manageable. If you have any suggestions on how we can improve, please do not hesitate to contact us here https://www.munichre.com/en/general/contact.html. Yours sincerely, The Munich Re HR Team

Viewing 295 - 297 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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Munich Re

Munich Re reviews

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Reviews by job title

work atmosphere

Great organisation

terrible training and overloaded with word

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