Lean team structure; beware of burnout - Communications Munich Re Employee Review

3.0
Aug 13, 2021
Recommend
CEO approval
Business Outlook

Pros

- Extremely smart colleagues - People are polite and kind and you might even make a few good friends - Good perks and benefits - Great office location (downtown Toronto) - Lots of fun socials (pre-pandemic)

Cons

- 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

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5.0
Jun 8, 2026
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CEO approval
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Pros

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Cons

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4.0
Jun 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Great bonus and great health and commuter benefits

Cons

A lot of company politics

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Munich Re Response
2d
Dear colleague, Thank you for sharing your feedback. We’re pleased to hear that you value our benefits, in particular the bonus structure as well as our health and commuter offerings at Munich Re. We also appreciate your perspective regarding the company politics. We understand this is a broad term that can reflect very different individual experiences. If you would like to share more specific insights or examples, we would welcome you to reach out directly via e-mail to HRcareers@munichre.com. Thank you for your contribution during your time with us. Kind regards,
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