Munich Re Reviews

Updated 15 Sep 2020

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3.8
65%
Recommend to a Friend
82%
Approve of CEO
Munich Re CEO Joachim Wenning
Joachim Wenning
53 Ratings
Pros
Cons
More Pros and Cons
  1. "Munich Re"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Claims in Sydney
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Munich Re full-time for more than 10 years

    Pros

    Great People Great Business Ethics Customer Focused

    Cons

    The building is small old but refurbished and spread over many floors but great views

  2. "Contractor"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Actuarial Analyst in Sydney
    Negative Outlook

    I worked at Munich Re full-time for more than a year

    Pros

    Not often overtime and we can work flexibly

    Cons

    Lots of contractors and very few junior positions.


  3. Helpful (2)

    "Limited opportunities"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sydney
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I worked at Munich Re full-time for more than 8 years

    Pros

    Some highly-experienced colleagues with depth of knowledge

    Cons

    Limited strategic focus No growth and/or differentiation initiatives

  4. "Great learning opportunity"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Actuary in Sydney
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I have been working at Munich Re full-time for more than 3 years

    Pros

    Great learning opportunity given the broad market exposure

    Cons

    Work is too focused on technical side, less on business

  5. Helpful (1)

    "Analyst"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook

    I worked at Munich Re full-time

    Pros

    - Good knowledgeable people - Opportunities to get to know everyone by sport and monthly events. Relatively small number of staff is a welcome addition.

    Cons

    - Confused management with no planning. Constantly fire-fighting. - Unrealistic working conditions and pressures reducing staff morale with little additional productivity - Hiring and firing people damaging working culture with no real purpose other than to stay below budget - No real interest in development of staff - No interest

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  6. Helpful (1)

    "Good prospect"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Positive Outlook
    No Opinion of CEO

    I have been working at Munich Re full-time

    Pros

    Well reputed and big brand name Multi national presence and a lot of opportunities to move around There are a lot of learning opportunities

    Cons

    Still operating as a bureaucratic organisation and the culture is weak compared to modern organisations. Restructurings has caused a lot of distress and insecurity among employees

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  7. "Organisation"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Sydney
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Munich Re full-time for more than 5 years

    Pros

    Professional, competent and collegiate team Work/Life Balance Good people Business run for long term results Great reputation Global Innovation push - global leader in its market

    Cons

    Like any large global and established organisation that sticks to its knitting and has disciplined approval processes it is difficult to systematically embrace an innovative culture to pivot business models except in pockets.

  8. Helpful (1)

    "Manager"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at Munich Re full-time

    Pros

    Global offices located throughout the world. Cultural diversity.

    Cons

    Management based in Germany do not really understand the 'deep dive' country market in which they operate.

    Continue reading
  9. "Claims Admin Officer"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     

    I worked at Munich Re

    Pros

    - Good culture - flat structure - free food - experience managers

    Cons

    - too much politic in the office - not a lot of opportunities for young stuff

  10. Helpful (1)

    "Contractor"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    New South Wales in Sydney
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Munich Re for more than a year

    Pros

    Really supportive team environment, managers are open to your opinion and support you to execute your ideas.

    Cons

    frequency of office politics about minor issues

Found 226 reviews