Provider of insurance services. The company offers life and health reinsurance, property and casualty insurance like marine and aviation, credit and bonding services. read more
Munich Re Company Culture
Munich Re Culture
This score is derived from employee ratings & reviewsChoice Employer
A+
4.6/5
Top Rated Culture Dimensions
CEO Rating
A+Environment
A+Leadership
A+Outlook
A+Work Culture
A+Munich Re CEO
Top 5%Top 5% of Similar Size Companies
Marc Giguere
86 /100
See More
Diversity at Munich Re
N/A
Share Your Opinion
Anonymously Rate Your Experience & Make Work BetterWomen at Munich Re
N/A
Share Your Opinion
Anonymously Rate Your Experience & Make Work BetterMunich Re eNPS
Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"Top 10%Top 10% of Similar Size Companies
Recommend to a Friend?
38
Munich Re employees are 38% more likely to recommend Munich Re as a great place to work
| 64% | Promoters |
|---|---|
| 10% | Passives |
| 26% | Detractors |
Working at Munich Re
Working at Munich Re is rated highly by 68 employees, across various culture dimensions. Munich Re employees are most satisfied about CEO Rating, Environment, and Leadership categories, putting Munich Re’s culture in the Top 5% compared to similar sized companies on Comparably. See below in detail how working at Munich Re was rated by employees.
Overall Company Culture at Munich Re
A+
Overall Company Culture at Munich Re is rated A+
Last updated a month ago
Top
5%
Munich Re ranks in the Top 5% of other companies on Comparably with 10,000+ Employees for Overall Company Culture Score
Share Your Opinion
Anonymously Rate Your Experience & Make Work BetterMunich Re Employee Reviews
Out of 23 Munich Re employee reviews, 84% were positive. The remaining 16% were constructive reviews with the goal of helping Munich Re improve their work culture.
| Positive Reviews | 84% |
|---|---|
| Constructive Feedback | 16% |
Positive Reviews From Munich Re Employees
- What is most positive about the culture and environment at your company?The people and teamwork in getting the job done
- What do you like best about the leadership team?Very open to new ideas and personal development
- What do you like best about the leadership team?Very engaged, intelligent team, who know the markets in regards to all the Munich Re Business Groups
Constructive Feedback From Munich Re Employees
- Why do you feel undervalued and what would make you feel better about your compensation?Provide US employees with a pension. German employee pensions are required to be funded by the company.
- Why do you feel undervalued and what would make you feel better about your compensation?less equal treatment for all, more individual incentivisation
- What does the leadership team need to get better at?Products are disappointing and no culture of innovation
Munich Re Company Information
Munich Re Company Overview
Provider of insurance services. The company offers life and health reinsurance, property and casualty insurance like marine and aviation, credit and bonding services.
Munich Re was founded in 1880 and its current CEO is Marc Giguere. Since its inception 146 years ago, Munich Re has grown to 43198 employees.
Munich Re Mission, Vision & Values
Munich Re Mission Statement
The combination of primary insurance and reinsurance under one roof realises synergies and economies of scope along the whole value chain. As a result, we build lasting value for our clients, shareholders and staff.
Munich Re Vision Statement
Our aim is sustained profitable growth
Munich Re Values
- Innovation
- Solidity
- Client focus
| Headquarter | , Munich 80802 |
|---|---|
| Website | www.munichre.com |
| Founding Date | 1880 |
| Tel | 7 |
| Company Status | Private |
Munich Re Competitors
Munich Re competitors include Allianz, Reinsurance Group of America, Hannover Re, and Swiss Re. Munich Re ranks 2nd in Overall Culture Score on Comparably vs its competitors. See below how Munich Re compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
Munich Re Employees
Munich Re has 43198 employees. 68 employees at Munich Re have reviewed Munich Re across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was a month ago.
Overall, the 68 Munich Re employees give their leadership a grade of A+, or Top 5% of similar size companies. This includes specific ratings of their executive team, CEO, and manager.
Employees at Munich Re are generally satisfied with their total compensation at Munich Re, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at Munich Re are pleased with their team. 68 Participants grade the quality of their coworkers a B. The majority believe the meetings at Munich Re are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at Munich Re believe the environment at Munich Re is positive. Most Participants believe the pace of work at Munich Re is comfortably fast. About 82% of the employees at Munich Re work 8 hours or less.
Overall, the employees at Munich Re are happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
Joining Munich Re - Employee Onboarding
The prevailing opinion from employees about joining Munich Re is that the company was very prepared on their first day. Munich Re employees concluded that their overall onboarding experience was positive. 100% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
Munich Re KPIs and OKRs
At this moment no Munich Re employees have provided insight into whether or not they clearly understand Munich Re's KPIs and OKRs.
Are your company's goals clear, and are you invested in them?
Are the KPIs/OKRs for your department clear?
Munich Re CEO & Leadership
Munich Re CEO - Marc Giguere
86 /100
Marc’s approval rate is in the Top 5% of all CEOs of similar-sized companies on Comparably. Munich Re’s CEO is highly regarded especially by employees with Over 10 Years experience, Caucasian employees, and Male employees. Compared to Munich Re’s competitors, Marc Giguere ranks right above Reinsurance Group of America CEO Anna Manning. Under Giguere’s leadership, Munich Re employee respondents are most happy about their Environment and the company’s Leadership. Perks And Benefits and Compensation are two areas, according to respondents, where Munich Re could stand to see real improvement.
Munich Re Leadership
The Munich Re Executive Team is rated an “A” and led by CEO Marc Giguere, Executive Innovation Strategy Silicon Valley Philipp Schulenburg, and Executive Innovation Strategy Munich Re Silicon Valley Robert Mozeika
Marc Giguere CEO / President
Marc Giguere serves as the CEO / President of Munich Re.
Philipp Schulenburg Executive Innovation Strategy Silicon Valley
Philipp Schulenburg serves as the Executive Innovation Strategy Silicon Valley of Munich Re (Group). Philipp started at... read more
Robert Mozeika Executive Innovation Strategy Munich Re Silicon Valley
Robert Mozeika serves as the Executive Innovation Strategy Munich Re Silicon Valley of Munich Re (Group). Robert started... read more
Gary Jackson Vice President
Gary Jackson serves as the Vice President of Munich Re.
Johnny Quidd EVP
Johnny Quidd serves as the EVP of Munich Re.
Ayse Sumners Regional Vice President, Business Development
Ayse Sumners serves as the Regional Vice President, Business Development of Munich Re (Group). Ayse started at Munich Re... read more
Charles Kroh Senior Vice President
Charles Kroh serves as the Senior Vice President of Munich Re (Group). Charles started at Munich Re (Group) in April of... read more
Robert Humienny Senior Vice President
Robert Humienny serves as the Senior Vice President of Munich Re.
Munich Re Salaries
How much does Munich Re pay?
How much do people at Munich Re get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at Munich Re is $131,599, or $63 per hour, while the estimated median salary is $131,146, or $63 per hour.
At Munich Re, the highest paid job is a Director of Sales at $234,210 annually and the lowest is a Receptionist at $37,447 annually. Average Munich Re salaries by department include: Business Development at $156,943, Marketing at $109,316, Legal at $193,725, and Communications at $101,113. Half of Munich Re salaries are above $131,146.
17 employees at Munich Re rank their Compensation in the Top 30% of similar sized companies (based on 50 ratings) while 16 employees at Munich Re rank their Perks And Benefits in the Top 50% of similar sized companies (based on 16 ratings).
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $67k | $67k | 1st Percentile |
17th Percentile $100k | $100k | 17th Percentile |
33rd Percentile $130k | $130k | 33rd Percentile |
50th Percentile $184k | $184k | 50th Percentile |
67th Percentile $237k | $237k | 67th Percentile |
83rd Percentile $279k | $279k | 83rd Percentile |
100th Percentile $298k | $298k | 100th Percentile |
$131,599*
Average Compensation
$131,146*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
Munich Re Salaries by Department
Diversity & Inclusion at Munich Re
The Diversity score provides insights into how diverse employees feel and rate their work experience at Munich Re across various culture dimensions.
Ranked Culture the Highest
Ranked Culture the Lowest
Munich Re Perks & Benefits
Health & Wellness
- Dental Insurance
- Health Insurance
Munich Re PTO
Munich Re PTO policy is a critical component of the benefits package offered to employees.
Other than healthcare, which of the following benefits is most important to you?
Does your boss expect you to work when you're on vacation?
What do you estimate the cash value of your benefits to be? Healthcare, PTO, etc?
Munich Re Careers
Munich Re Jobs
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H1B Visa
In 2019, Munich Re applied for 6 H1B visas. Of the work permits applied for, 83% were approved.
Work Permit Application Outcome
Munich Re has a total of 43198 employees
6
Total Applied
H1B Applications Outcome
- 83% Granted (5 out of 6)
- 0% Denied ( out of 6)
- 0% Withdrawn Application was withdrawn by the employer before approval/rejection ( out of 6)
- 17% Certified-Withdrawn Application was approved but later withdrawn by employer (1 out of 6)
This data was calculated using publicly sourced data from OFLC Performance Data
Let Munich Re Know You Want To Work There
Frequently Asked Questions regarding Munich Re
What is Munich Re address?
Munich Re location is at , Munich
Who is the CEO of Munich Re?
Munich Re CEO is Marc Giguere, their score by employees is 86
What is Munich Re eNPS?
The eNPS for Munich Re is 38
What is the salary for Senior Product Manager in Munich Re?
Senior Product Manager average salary in the US is 170k
What are the salaries in the Communications in Munich Re?
The average salaries for Communications in Munich Re is 101k
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