Highly qualified, efficient managers and employees are the foundation of our corporate success. As a global financial services provider, we depend on their expertise, dedication and commitment to innovation. Continuous training and talent development play a key role in this context. At the same time, we promote diversity and equal opportunities as strategic factors for the success of Munich Re (Group).
For our more than 39,600 employees, we create attractive working conditions that offer personal development opportunities, strengthen independence and reward individual performance. We attach particular importance to a corporate culture based on responsible and respectful interaction with each other. Promoting the well-being of the employees and a healthy balance between family and work is a substantial component of all our activities as an employer.
Our targets in the employees area of action
Promoting diversity and equal opportunities
The different mindsets, cultures and values of our staff are key to the success of Munich Re and the achievement of our strategic corporate goals. For this reason, we want to continue promoting diversity and equal opportunities in the Group.
Our Group-wide Diversity Policy sets down the most important principles in this action field and forms the basis for overarching and comprehensive diversity management. The criteria of gender, age and internationality are decisive for our activities.
As part of its Ambition 2025, Munich Re’s Board of Management decided on a new self-commitment to raise the number of female managers affecting all management positions globally to at least 40% by 2025. In 2020, we achieved 35% globally and 26% in Germany. Overall, 52.9 % of our 39,642 employees in 2020 were women.
For the diversity criterion “Age”, the focus is on our health promotion and lifelong learning provision, which is accompanied by a flexible working-hours model and an employee assistance programme.
We aim to achieve “internationality” with well-balanced teams and assignments to key functions. At the same time, we promote the development of international expertise by transferring employees to temporary positions all around the world, and through development programmes. As a result, 82% of the participants in the 2020 “Hydrogen” reinsurance talent programme hailed from international backgrounds.
ERGO designed a global initiative on the occasion of the “World Day for Cultural Diversity” in 2020. At the event, a digital diversity map was implemented, which offers insights into a wide range of local diversity activities – and this included 53 videos from our companies globally. 23 companies from 17 countries participated in this exciting initiative.
Improving work-life balance
Healthcare promotion for our employees
To promote the mental well-being of our employees, we also offer expert counselling at several locations in Germany to help employee deal with difficulties at work or at home. In addition, the reinsurance group in Munich cooperates with the Fürstenberg Institute to offer an Employee Assistance Programme (EAP).
Munich Re attaches particular importance to the improvement of the working conditions for disabled persons. The most important measures include short distances from the garage to the workplace, special-needs-friendly and requirement-based workplace design and equipment, not to mention safe and comfortable lifts. DKV Seguros and ERGO Hestia specifically focus on recruiting disabled employees for suitable positions to promote their long-term integration into the labour market.