Munich Re Reviews

Updated July 26, 2015
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3.7
Rating Trends
Recommend to a friend
Approve of CEO
Munich Re Chairman, Board of Management Nikolaus von Bomhard
Nikolaus von Bomhard
13 Ratings

55 Employee Reviews

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  1. Great company to work for!!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Munich Re

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great place and opportunity to learn and grow

    Cons

    No cons, opportunities for growth are provided to all.


  2. Once a great company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Munich Re full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    This was once a wonderful company with great benefits, happy staff and endless opportunities. Benefits are now OK, not great.

    Cons

    There are few opportunities here. They have flattened the organization so much, it is very difficult to move ahead. The tendency is to give you more responsibility with no promotion and no increase.

    Advice to Management

    Dump the salary bands and give people titles and roles that speak to the outside world. Even if you'd like to see employees leave, the mindless titles you've given people make it difficult for them to find other employment because the job titles are nonsensical. Make them American, NOT German


  3. Inhouse

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Munich Re full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great benefits, great office location. The company also has a decent variety of companies within it's group, so if you get bored there is potential to jump around.

    Cons

    All major decisions seem to have to be confirmed by the European masters, which can stifle flexibility. Fairly strict on the pay scales as well...


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  5. Excellent Compay

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Service Desk Support in Hartford, CT
    Former Employee - Service Desk Support in Hartford, CT

    I worked at Munich Re

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Workers are fairly compensated for their time, friendly, professional environment. Some positions offer flexible hours.

    Cons

    Parking is expensive in the Hartford area.

    Advice to Management

    Love the company.


  6. Great work environment but limited career options for non-underwrite ring positions.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Munich Re

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great work life balance. Good bonus. Training opportunities are available to those who want them. Free onsite gym with tons of equipment and classes.

    Cons

    Raises are minimal and promotions are rare. Management has a clear bias toward underwriters, so actuaries, claims staff, and operations personnel are treated as second class citizens. Which means, Less money and fewer advancement opportunities.

    Advice to Management

    Get rid of the salary bands. Rotate staff more frequently so that underwriters and technical staff have the chance to learn outside their current roles.


  7. Intern at Munich Re

    Former Employee - Intern
    Former Employee - Intern

    I worked at Munich Re

    Pros

    Great people, in a overall amazing environment. Every employee was kind, I really enjoyed interning for Munich Re. The pay was a bonus.

    Cons

    Not many things to dislike about the company. The cubicles were very ugly and in weird locations but that seems to be it from a negative standpoint.


  8. Good place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Munich Re

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good people and work envrironemnt

    Cons

    Location offices are choppy, delays due to global management


  9. good environment to work, friendly coworkers who offered instructions

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Munich Re

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    flexible structure and friendly people to work with, truly high-efficient

    Cons

    not so intensive I guess


  10. Munich RE

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Munich Re

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Very good work life balance, supportive of flexible working hours and working from home. Supportive of educational advancement

    Cons

    Communication between departments poor.


  11. bureaucratic place with stable paychecks

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous in Princeton, NJ
    Current Employee - Anonymous in Princeton, NJ

    I have been working at Munich Re full-time (More than 5 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    stable and friendly environment plenty of training opportunities generally work and life balance (flexible working hours is promoted in some areas in recent years)

    Cons

    bureaucratic management team slow to adapt to market changes networking is overrated...personal growth depends on who you know not how much you know about the job

    Advice to Management

    senior management team should build more effective channel to hear more from the bottom, not just from your managers.



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