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Our benefits programs are designed to address a wide range of employee health and wellness needs, security, long term savings goals and much more.

Medical Plan

Our health care benefits program plays an integral role in helping you and your family maintain a healthy lifestyle. Our medical, dental, and wellness programs are designed to provide you with the essential coverage you need should a health issue arise. Many of our options cover the same type of medically necessary services and supplies, including prescription drug, and employee assistance and behavioral health care benefits.

Employees have their choice of a High Deductible Health Plan or a Consumer Driven Healthcare Plan (CDHP).

Dental Plan

Our Dental Plan also covers a broad range of dental services including preventative, diagnostic, restorative, prosthodontic, periodontic and orthodontic care with no network restrictions. We offer both a Basic and Advanced Dental Plan

Health Resources

CIGNA Employee Assistance Program

In addition, we offer CIGNA’s Employee Assistance Program as a confidential resource to help you and your family members with personal and work/life balance issues such as parenting, legal consultation, senior care, child care and much more. Telephone assessments are available from professional counselors, 24 hours each day, seven days a week. This program offers Cignassurance for beneficiaries, Cigna Secure Travel, Cigna Identity Theft, and Cigna Will Preparation.
Included in the Employee Value Program:


  • Wellness Center (Home Office)
    • Annual flu and pneumonia vaccines
    • Lab services
    • Prescription delivery
    • Lunch & learn seminars
  • Fitness Center (Home Office)
  • Health Club Reimbursement (Regional offices)


Out-of-pocket Health Care

Out-of-pocket health care can help reduce your taxable income while saving for the expenses you anticipate each year. Employees may elect to set aside pre-tax contributions and direct those contributions into a Health Care Spending Account, Health Savings Account, and/or Dependent Care Spending Account. Contributions to a Health Care Spending Account can be used for out-of-pocket health care expenses while contributions to a Dependent Care Spending Account can be used for dependent day care expenses.

Life and Group Insurance

Munich Reinsurance America, Inc. offers you a number of insurance benefits to ease the burden of a life-altering illness, accident or injury. In addition, we provide you with income protection through both salary continuation (and short-term disability, where applicable) and long-term disability.

Our comprehensive insurance program includes:
 

  • Life Insurance for employees, spouses, and dependent children
  • Accidental Death and Dismemberment Insurance
  • Business travel accident insurance
  • Short-term Disability
  • Long-term Disability

Financial Security

We make a commitment to helping eligible employees achieve long-term financial security. We do this by encouraging employees to save for their retirement by making savings convenient and attractive. Our Savings Plan features a variety of investment options and a generous company contribution, including a match component. Overall the retirement benefits are attractive for employees at every stage of their career.

  • Our Retirement Savings Plan consists of a company contribution into a company-created 401(k) account on the employee's behalf. The amount of the contribution is based on a percentage of an employee's base pay and eligible bonus.
  • Our 401(k) Savings Plan consists of (a) the employee's contribution; and (b) a company match on the first 5 percent of the employee's voluntary contributions.

Paid Time Off and Holidays

Eligible employees can earn anywhere from three to five weeks of paid time off each year depending on the employee's length of service. In addition, eligible employees also enjoy 10 standard holidays, 6 early closings, and 2 volunteer days each year.

Achieving Work/Life Balance

Employee Value Programs

We offer a variety of valuable on-site services and discounts such as the Wellness Center, discounted movie tickets and theater tickets, and much more that help to enrich the lives of our employees and bridge the gap between work and home.

Some of our employee value programs include:

  • Tuition Assistance Program (see Professional Development)
  • Full Service Company Store (Home office)
    • Dry cleaning services
    • Take home dining
    • Discounted theater and event tickets
    • Discounted movie tickets
    • Personal mail services
    • Starbucks coffee bar
    • Vehicle detailing services
    • Weekly on-site vendors
  • Employee Referral Bonuses
  • Adoption Assistance
  • Dollars for Doers
  • Service and Retirement Awards
  • Subsidized cafeteria
  • Wage Works
  • Matching Gift Program
  • Professional Designations

Personal Insurance

Employees can purchase personal lines of insurance from MetLife® Auto & Home through convenient payroll deductions. In addition to auto and homeowners coverage, employees can take advantage of group discounted rates for Renters, Condominium, Boat owners, Mobile Home, Recreational Vehicle, Embrace Pet Insurance, Lifelock Identity Theft, and Personal Excess Liability insurance.

Flex Forward

We believe a flexible workplace is a key foundation of a culture where employees are engaged, motivated and contribute to the mission, vision and values of Munich Re. As such, we strive to foster an environment where our workforce is able to meet changing business and personal needs in and around the work day. We offer Flex time as well as a Dress For Your Day policy. We also offer Alternative Work Arrangements, Telecommuting, Mobile Work Technology, Summer Fridays and many onsite services.

Organizational Involvement

We offer a variety of opportunities to help our employees round out their professional skills and development. Networking groups include Toastmasters, Women’s Network Committee, Diversity & Inclusion Committee, the Green Team, Young Professionals Committee, Charitable Giving Committee, and many more.

Community Involvement

Munich Re encourages employees to be active in our community. Our employees contribute to many local and national organizations, such as, Eden Autism, March of Dimes, Susan G. Komen, and many more. In addition, we hold a volunteer Day of Service annually.

Rewards and Recognition

As a valued member of our organization, you will be rewarded by receiving a total compensation package designed to respond to your need for value, peace of mind, and financial stability.

Our total compensation program includes:

  • Cash Compensation
  • Bonus Programs
  • Benefits
  • Employee Value Programs
  • Development Programs


Our total compensation program is recognized as one of the most competitive within the industry and represents the value of rewards that you earn and can achieve through the choices you make about your career and performance, and the responsibility demonstrated in managing those choices.

Related topics

Corporate Responsibility

As enablers of progress, we have the opportunity to significantly and positively impact the world we live in.


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This publication is available exclusively to Munich Re clients. Please contact your Client Manager.