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 100 reviews)); "Great people outside of dept" ((in 96 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 80 reviews)); "Colleagues are friendly" ((in 46 reviews)); "Good pay and work" ((in 28 reviews))

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

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

(885 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 885 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 Insurance industry (3.6 stars).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

885 reviews

5.0

Jul 12, 2025

Great exposure to global underwriting practices and technical learning

Property facultative underwriter

Recommend

CEO approval

Business Outlook

Pros

Excellent learning platform for technical underwriting, especially in engineering and property lines Exposure to complex facultative risks including renewable energy, infrastructure, and industrial projects Collaborative culture within the India team; knowledge-sharing is encouraged Access to global clause libraries, reinsurance tools, and international treaty frameworks Strong brand reputation opens doors for cross-functional and international movement

Cons

As part of a global organization, certain processes and decisions are centrally driven, which may limit agility at the regional level

Munich Re Response

10mo

Dear colleague, Thank you for your detailed and positive review. We are pleased to hear that you value the global exposure, technical learning opportunities, and collaborative culture within the team. Also, we appreciate your feedback about the centrally driven processes. As a global organization, we continuously aim to balance structure with agility, and your insights help us identify where we can improve regional responsiveness. We truly value your contribution and are glad to have you with us. Kind regards, Munich Re

5.0

Jan 24, 2024

Best place to work

Underwriter

Recommend

CEO approval

Business Outlook

Pros

Employee friendly, good work environment, friendly seniors

Cons

Reaching BKC, high pressure business

Munich Re Response

2y

Dear colleague, Thank you for taking the time to leave a review. While we truly appreciate you listing some great benefits of working for us Munich Re, we would also like to address the concerns you mentioned. The well-being of our employees is our highest priority, this includes not only their physical but also their mental health. For this reason, we take your opinion feedback regarding our working atmosphere very seriously. If you would like to elaborate on your points or have any recommendations, please let us know. Yours sincerely, The Munich Re HR Team

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

Viewing 1 - 3 of 885 Reviews

Jobs at Munich Re

Technical Accountant & Claims Handler NL

Munich Re

Munich Re reviews

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Reviews by job title

Great exposure to global underwriting practices and technical learning

Best place to work

work atmosphere

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