Munich Re is the number one choice for all matters relating to risk. A world-leading provider of reinsurance, primary insurance and insurance-related risk solutions.

With insurance revenues from insurance contracts issued of €40.0bn from reinsurance alone, Munich Re is one of the world’s leading reinsurers and operates in life, health and property-casualty business. Munich Re does business with over 4,000 corporate clients in 160+ countries.

Munich Re’s employees bring extensive underwriting experience, global and local market insight and cross-segment expertise to the customers they serve – a strength that has repeatedly earned Munich Re top rankings in client surveys.

We believe in the power of being different – Our understanding of diversity encompasses the full range of individual differences. 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.

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.

Our DEI vision
Diversity, Equity and Inclusion (DEI) are foundational to Munich Re Group. They are an essential part of our business strategy, woven deep into the fibre of our culture and business operations. In alignment with the Business Strategy and Code of Conduct, the Munich Re Global Diversity, Equity and Inclusion Commitment sets out our steadfastness in embedding DEI in our daily business. It encompasses our employees, clients, business partners and communities.

A targeted and actively managed approach to diversity, equity and inclusion sets the standards and needs of today’s diverse society and prepares us for the future. We meet DEI challenges and opportunities at their root, while creating a global umbrella in order to benefit from synergies within the Group and accelerate our progress.

The purpose of the Global Diversity, Equity, and Inclusion Commitment is to establish a global standard for DEI across all organizations within the Group. This commitment serves as a guiding anchor, underscoring the commitment to excellence in fostering diversity, promoting inclusivity, and ensuring equitable practices. The Commitment is supported by global and local DEI strategies for all parts of the Group.

Our DEI definitions
Munich Re defines ‘diversity’ as the presence of varying visible and non-visible identities within a given setting. Our employees are our most valuable asset, and we see the diversity of our employees as key to the Group’s success.

We see ‘equity’ as the process of identifying, addressing, and eliminating systemic barriers to ensure fairness in outcomes for all individuals.

‘Inclusion’ is regarded as the collective actions taken to understand and embrace the unique identities of all individuals so that they feel welcomed, valued, and supported.

Our DEI principles
DEI is a key driver for our success
An increasingly complex and fast changing world requires diverse ways of thinking and decision making in achieving Munich Re’s strategic goals and objectives and serving our clients, investors, communities and stakeholders. Diversity, equity and inclusion are catalysts for our problem-solving skills. Teams that embrace diverse perspectives become more creative and innovative, offering solutions that reflect a spectrum of viewpoints, reflective of our world today.

DEI goes 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 anti-discrimination efforts. It’s a strategic approach, rooted in providing equitable opportunities and actively promoting a working environment free from exclusion where people feel like they belong and can bring their full talents to work.

Our DEI commitment
We embrace our dedication to be open and fair, to honour the principles above, and to act in that spirit internally and externally. The commitment to actively live diversity, equity and inclusion involves everyone at the Munich Re Group, from the highest management levels to every individual person. We actively promote this approach and demand it from our organisation.