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      Munich Re

      Engaged Employer

      Munich Re reviews

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      4.1

      84% would recommend to a friend

      (885 total reviews)

      Christoph Jurecka

      100% approve of CEO

      83% 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 Seguros industry (3.6 stars).

      Ratings by demographic groups

      Reviews by job title

      885 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.

      avatar
      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
      Apr 3, 2024

      Last career move

      Associate actuary
      Recommend
      CEO approval
      Business Outlook

      Pros

      Absolutely the last time ever you will want to look for a new job. Once you arrive at Munich Re, you have arrived at the best place and the last place you will be working if you are a career actuary. Munich Re provides a structured onboarding process, from inhouse practices to cross team introductions. They provide numerous opportunities to upskill on the job, and you are never discouraged from reaching out to other teams to collaborate on projects. You will not find yourself yearning for tools that may improve your daily tasks, they even have dedicated teams that streamline market research. The Underwriters are often just as cautious as the actuaries, and they have a fantastic approach to risk appetite, which releases the actuaries from the burden of gaming the numbers. Compensation is in the two 0.1 percentile of the industry, and they have a generous 401k match, a defined contribution style retirement plan, and a full breadth of ancillary benefits. Flexible work environment, with only two days in the office. Though with the discounted cafeteria, and onsite fitness center, you will want to come in more than twice.

      Cons

      The policy management system could use an overhaul, and the associated database it populates is poorly engineered, though it appears with a new chief data officer, this single shortcoming is going to be addressed too!

      avatar
      Munich Re Response
      2y
      Dear colleague, Thank you for taking the time to share your detailed feedback regarding your experience as an Associate Actuary at Princeton. We are very pleased that certain aspects, including our onboarding process, education programs, compensation and home office opportunities, meet your expectations. These are all aspects that we attach great importance to in order to ensure collective growth as an organization. It´s great to hear that you perceive this accordingly. Thank you for also sharing your improvement suggestions with us. Your perspective on our policy management system helps us to continuously improve as an employer as we strive to foster ideal conditions. We always value creative approaches such as holding team meetings outside. Good to have you with us. Warm regards, Munich Re
      1.0
      Oct 10, 2023

      Highest employee turnover I've ever seen

      Project manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      Getting paid at the end of each month maybe? The only pro I could think of really...

      Cons

      This review is for Dublin office. Headline is self explanatory, which gives you all the information you need if you intend to work for this company. I saw people join and then leave within two months and go back to their previous employers (which is extremely uncommon in any other organization). Another phrase that would define MunichRe would be "incompetence" as I've never seen so much hatred from the clients towards a vendor in my whole life. Literally on my first week, I was asked to introduce myself to a client, but I got yelled at nonstop for one hour because of the mistakes that was done by the company before me. After seeing similar reaction from other clients, it didn't take me too long to understand the root cause and leave. What I never understood and will never understand is, going to a design workshop to collect customer requirements, but seeing "technical architects" and "business analysts" never take a single note, and then the sales team and project directors prioritizing night time activities with the customers and then blaming the new guy (me!) for not smiling or contributing to a meaningless conversation at 1 AM after an exhausting 5 day workshop... Not to mention nobody even acknowledging the productivity of those sessions (which ultimately ends in loud complaints, but you get the idea)... Do not let the old review date distract you, these people who ruined my experience are still there in senior management.

      Viewing 34 - 36 of 885 Reviews
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      Glassdoor has 1,401 Munich Re reviews submitted anonymously by Munich Re employees. Read employee reviews and ratings on Glassdoor to decide if Munich Re is right for you.