Munich Re reviews

MRSI- the specialty insurance arm, is to be avoided at all costs. This is NOT the Munich Re you were hoping to join. Management is cold and uncaring of their employees. You are absolutely replaceable and they'll remind you repeatedly. MRSI is hyper focused on growth over underwriting results. Don't come here hoping to underwrite...grow grow grow In all of MunichRe - promotions are reserved for Risk Analysts (the internal training program where drones are made and fast tracked over experienced hires). Do not bother coming here as an experienced hire...you won't be appreciated compared to the drones they produce- even with years more experience. The most political company you'll ever work. "yes" men and women throughout- individual thought is NOT rewarded. Complete lip service to diversity and inclusion. Good luck looking for diversity in management ranks....

- It's a reinsurance company so they focus on growing actuarial talent. If you are joining any of the supporting teams like HR, marketing, accounting, etc. then you will be treated as an inferior part of the company structure. - There is no opportunity to grow in the supporting teams - Company promotes feedback culture to escape accountability for bad management. Continuous conversation program is flawed because it ignores the unequal power structure between manager and team members. Managers are given too much power because continuous culture is so ambiguous. And there is no room for providing feedback upwards. -The small supporting teams operate extremely lean and have a cut throat attitude when it comes to performance -Does not care if employees are overwhelmed or stressed. Will offload projects with unrealistic deadlines. Taking time off is often looked down upon. -During the pandemic employees did not receive bonus but shareholders did receive dividend -HR provides little to no support -Lots of bureaucracy since it's a multinational