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 39,200 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 2021, we achieved 37.8% globally and 27% in Germany. Overall, 52.6 % of our 39,281 employees in 2021 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, in 2021 we have participants with 34 different nationalities representing a high proportion of total participants working outside our headquarters in our talent programmes.
ERGO organised a Diversity Week in Germany in May 2021. Representatives from the LGBTIQ+ network, the women’s and father’s network, the inclusion network and the newly established people-of-colour network provided an overview of their respective concerns and of diversity in the ERGO workforce. The programme included 42 hours of lectures, workshops and discussion rounds with more than 1,000 participants in total.
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).