Diversity, Equity and Inclusion
"Diversity, Equity and Inclusion (DEI) foster innovation and resilience and enable us to act braver and better."
Embracing the power of DEI is at the core of who we are.
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We believe in the power of being different
Our understanding of diversity encompasses the full range of individual differences. This includes not only classic aspects such as gender, nationality and cultural background, age, physical and mental disabilities, sexual orientation, gender identity and expression, and religion, but also inherent characteristics such as experience, education, personality or views.
We foster an inclusive working climate in which the differences and commonalities among our staff are both valued and appreciated.
We have set ourselves the goal of creating ideal parameters for enhancing the potential of all our staff around the world, for being an attractive employer for all generations of employees.
We celebrate the diverse voices of our people across the world. We design development programmes, build our teams and cultivate leaders in the spirit of an inclusive culture where every person can grow, feel safe and be the best they can be.
Diversity fuels innovation. When different perspectives, experiences and ways of thinking come together they spark ideas. This creative force brings forth solutions that drive progress in our industry and help us answer the questions society and the world are facing today and tomorrow.
At Munich Re we see DEI as a business imperative which promotes the acceptance and value of differences between our employees. Together, we benefit from those differences in achieving Munich Re’s strategic goals and objectives and serving our clients, investors, communities and stakeholders.
Diversity, Equity and Inclusion as a business strategy
Diversity, equity and inclusion are core values at Munich Re Group. They are a critical part of our business strategy, woven deeply into the fibre of our culture and business operations. Our employees are our most valuable asset, and their diversity, equity and inclusion is the key to our success as a company.
Our understanding of diversity not only includes classic aspects such as gender, religion, age, disability, nationality or cultural differences as well as sexual orientation, but also inherent characteristics such as experience, education, personality or opinions. As a globally operating company, we benefit from these differences when it comes to achieving Munich Re's strategic goals.
What we do for an inclusive work atmosphere
Our Diversity, Equity and Inclusion Vision Statement
"Diversity, Equity & Inclusion foster innovation and resilience and enable us to act braver and better."
Embracing the power of DEI is at the core of who we are.
Governance
Diversity, Equity and Inclusion at Munich Re is aimed at promoting and embracing diversity in an increasingly complex work environment. In a world of globalisation, social change and markets in flux, a targeted approach within the company is key to success.
In 2023, we rolled out a new Group-wide governance structure to support diversity, equity and inclusion across Munich Re (including ERGO and MEAG). This consists of the DEI Management Team, the DEI Council, the Strategy Committee and the Board of Management. Together, these represent the voice of management and the voice of the global workforce in developing our DEI strategy, sharing knowledge and best practices, and creating a culture of continuous learning and growth.
DEI is a driver of our success
DEI goes far beyond anti-discrimination
Our commitment to DEI is about ensuring every employee has an equal chance to thrive and contribute. Our dedication to diversity extends beyond antidiscrimination efforts. It's a strategic approach, rooted in providing equal opportunities and actively promoting a working environment free from exclusion.
Equity is the foundation of our principles, actively championing the dignity, rights and unique needs of every individual.
DEI is more than just the visible
Diversity surpasses visible criteria such as age, gender or origin and many others; it encompasses the unseen aspects of abilities, skills, experiences, and personalities.
Equity ensures that these qualities are valued, irrespective of identity. Inclusion means individuals being valued for their uniqueness and enables us to be our authentic selves.
DEI creates benefits from differences
DEI supports an environment where everyone can thrive
(as of 31 Dec. 2023)
(as of 31 Dec. 2023)
Creating equal opportunities
Munich Re is actively working to increase the number of female managers. As a globally operating company, it is of great importance to us that more talented women take on responsibility in our management teams. Therefore, it was decided to increase the proportion of women in all management positions to 40% globally and Group-wide by the end of 2025 with a new voluntary commitment. In addition, our internal development programmes in reinsurance have a 50% gender quota to support the growing proportion of women in management positions.
Continuous development is extremely important to us. That is why we invest in targeted and needs oriented learning for all of our employees in all specialist areas. Learn more about our career development opportunities.
We take responsibility
At Munich Re, we´re not anchored to a desk – we can add value, no matter where we´re sitting. Many companies have a global footprint. At Munich Re, the very culture is global.
Global Diversity, Equity & Inclusion Awards and Recognitions
Munich Re (Group)
Beyond Gender Agenda's German Diversity Index 2023
Munich Re, Singapore
Employee Experience Awards 2023 for Best Diversity & Inclusion Strategy
Munich Re Australia
Australian HR Awards 2024: “Employer of Choice (100-999 employees)”
Munich Re UK & Ireland
Insurance Business UK’s 5-Star Diversity, Equity and Inclusion 2023
Munich Re US
American Property Casualty Insurance Association - Diversity and Inclusion Award Corporate Winner
Seramount’s 2023 Top Companies for Executive Women list
I challenge bias and divisive ideas. I believe we are all born equal in dignity and rights; with hopes, aspirations and unique talents. Every individual must be given equal opportunities to bring the best version of themselves to the table.
