Munich Re Reviews | Glassdoor.ca

Munich Re Reviews

Updated 14 November, 2018
186 reviews

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3.8
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Munich Re CEO Joachim Wenning
Joachim Wenning
24 Ratings

186 Employee Reviews

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Pros
  • "Very good and fair employer - excellent work-life balance, fair salaries, lots of investments into employees" (in 23 reviews)

  • "Nice work environment, good location, kind people" (in 14 reviews)

Cons
  • "Sometimes slow and undynamic decision making" (in 6 reviews)

  • "Business model is being challenged" (in 5 reviews)

More Pros and Cons

  1. "Assistant"

    StarStarStarStarStar
    • 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 a year)

    Pros

    - Great benefits
    - Great environment

    Cons

    Would prefer more one on one with senior managers to talk about growth


  2. "Working"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Munich Re full-time

    Pros

    A large multinational company financially stable

    Cons

    Unreliable management and commitment to the Canadian marketplace

  3. Helpful (1)

    "Competitive and creative working atmosphere"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Innovation Manager in Toronto, ON
    Current Employee - Innovation Manager in Toronto, ON
    Recommends
    Positive Outlook

    I have been working at Munich Re full-time (More than 3 years)

    Pros

    - Innovative company
    - Great work ethics and culture
    - International business

    Cons

    - Limited Growth Expertise in traditional business area


  4. "Excellent company with great opportunities."

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

    I have been working at Munich Re full-time

    Pros

    Opportunities, good work environment and strong technical training.

    Cons

    Very large organization and there can be silo thinking.


  5. "all good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Munich Re full-time

    Pros

    everything is good, good environment

    Cons

    can not think of anything


  6. "Great company"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Munich Re full-time

    Pros

    professional development, salary, work/life balance

    Cons

    career path is undetermined, often reorganizations


  7. "Actuarial"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Actuarial in Toronto, ON
    Current Employee - Actuarial in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Munich Re full-time (More than 3 years)

    Pros

    Great work environment, great employee benefits

    Cons

    Decision process is not very transparent, hard to make career advancement

  8. "Careful about standardization"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Small staff size; great benefits; very smart actuaries.

    Cons

    Restructuring and Standardization globally can smother morale.

    Advice to Management

    The Toronto office (Life) was unique and very efficiently run. Standardization is a morale killer.


  9. "N/A"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Data Management Analyst in Toronto, ON
    Former Employee - Data Management Analyst in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good Compensation with amazing location in DT

    Cons

    It is a contract position: less than one year

    Advice to Management

    I do not have any advice to management


  10. "Good Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Top in reinsurance sector,very respected,good team,progressive approach. The staff mostly stick with the company for long run and all the top positions are mostly held by them.

    Cons

    I think that the pressure is sometimes too much to handle.Also, if you want to climb up the ladder you need to know few people at the top.


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