Munich Re Reviews | Glassdoor

Munich Re Reviews

Updated April 13, 2017
59 reviews

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4.0
Star Star Star Star Star
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Recommend to a friend
Approve of CEO
Munich Re Chairman, Board of Management Nikolaus von Bomhard
Nikolaus von Bomhard
21 Ratings

59 Employee Reviews

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Pros
Cons
  • Decision making can be a very tedious and long-winded process (in 4 reviews)

  • No cons, opportunities for growth are provided to all (in 4 reviews)

More Pros and Cons

  1. "A"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - SAP Lead in Princeton, NJ
    Current Employee - SAP Lead in Princeton, NJ
    Recommends
    Positive Outlook

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

    Pros

    Good benefits and nice people all around

    Cons

    none none none none none


  2. "Actuarial Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Actuarial Intern in Amelia, OH
    Former Employee - Actuarial Intern in Amelia, OH
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Supportive management team and clear guidance

    Cons

    Location is not metropolitan area. A little be distant.


  3. "Great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Penn Hills, PA
    Former Employee - Associate in Penn Hills, PA
    Recommends

    I worked at Munich Re (More than a year)

    Pros

    great benefits, good work atmosphere, intelligent people

    Cons

    You are require to work long hours.


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  5. "Munich Re America"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Multimedia Specialist in Princeton, NJ
    Former Contractor - Multimedia Specialist in Princeton, NJ
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Munich Re as a contractor (Less than a year)

    Pros

    Extremely polite and competent employee force. Culturally modern and stress-free environment. Contemporary campus and fitness facilities.

    Cons

    Frugal with expenses to the level of avoiding necessary upgrades with software and hardware.
    Non-descriptive in reasons for decision made at the upper managerial levels.

    Advice to Management

    Uphold you company motto: "Do The Right Thing". If a decision to act is needed, reveal the true reasons for such an decision.


  6. Helpful (1)

    "Employee"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Princeton, NJ
    Current Employee - Anonymous Employee in Princeton, NJ
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Good Benefits, comfortable work environment with low stress, mostly good people, solid parent in Munich Re. overall a great company

    Cons

    Very easy to get too comfortable and coast through life. Most people have been here over 20 years because no one gets fired and the work is easy. After a while you have no where to go and stop learning.

    Advice to Management

    Everyone complains about how busy they are but the reality is they are not. look at the people who leave and beg to get back in. Do not allow employees to get so comfortabel and hang around for 20 plus years. they are not brinign anything to the table.


  7. Helpful (1)

    "Positive experience, time at MR provided excellent foundation for future."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriting in Princeton, NJ
    Former Employee - Underwriting in Princeton, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Munich Re full-time

    Pros

    Great people, industry leader, job security, commitment to learning and career development, attractive suburban location, attractive compensation.

    Cons

    Bureaucratic. Internally focused. Ability to play internal politics is essential for promotion. Relationship with parent Company has heavy influence and can be difficult to manage depending on job role.

    Advice to Management

    More external focus.


  8. "Nice place for a 40 hour week"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Intern in Princeton, NJ
    Current Intern - Intern in Princeton, NJ
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Munich Re as an intern (Less than a year)

    Pros

    Friendly environment and promote lifestyle

    Cons

    Very corporate, lots of levels and very old demographic.


  9. "Great benefits and enjoyable coworkers."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Field Service Supervisor in Seattle, WA
    Current Employee - Field Service Supervisor in Seattle, WA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Large organization with many growth opportunities.

    Cons

    Very strict corporate guidelines and little creativity.


  10. Helpful (1)

    "This company has given me the opportunity to get a college education"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Programmer Analyst in Princeton, NJ
    Former Employee - Senior Programmer Analyst in Princeton, NJ
    Recommends
    Approves of CEO

    Pros

    The company has excellent education, medical and 401k benefits

    Cons

    The company has dismantle the IT division and has sent the jobs to Munich. They have been laying off IT staff over the last year.

    Advice to Management

    Never forget the people who helped to build the company over the years. The company was attractive to Munich because as American Reinsurance we were one of the most successful reinsurance company in the United States. We gained that reputation due the the work of your IT staff providing timely and accurate information to management so that they could make the best decisions.


  11. "Overall: Grade B"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriting Support in Princeton, NJ
    Current Employee - Underwriting Support in Princeton, NJ
    Recommends
    Approves of CEO

    Pros

    Tremendous respect for personal growth, family balance, personal health. Promotes this mentality.

    Cons

    Corporate bottlenecking. Too concerned with political correctness and maintaining friendships that the ultimate goal is sometimes lost.

    Advice to Management

    As long as you communicate your goals effectively and honestly nobody in the organization will be surprised with any changes that are executed.



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