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ICICI Lombard General Insurance Company Underwriter Interview Questions and Answers for Freshers

Updated 24 May 2024

ICICI Lombard General Insurance Company Underwriter Interview Experiences for Freshers

1 interview found

Underwriter Interview Questions & Answers

user image Anonymous

posted on 18 Nov 2022

I applied via Campus Placement and was interviewed in Oct 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Group Discussion 

Topic of GD were general, overall communication skills and content was being judged. Make sure to not go political unnecessarily this can work against you.

Round 3 - One-on-one 

(5 Questions)

  • Q1. Tell me about yourself
  • Q2. Where you used your strategic thinking skills
  • Q3. What is the role of Underwriter
  • Q4. What are the types of risk
  • Ans. 

    Types of risk include market risk, credit risk, operational risk, liquidity risk, and legal risk.

    • Market risk: the risk of financial loss due to changes in market conditions

    • Credit risk: the risk of loss due to a borrower's failure to repay a loan or meet contractual obligations

    • Operational risk: the risk of loss due to inadequate or failed internal processes, people, and systems

    • Liquidity risk: the risk of loss due to the...

  • Answered by AI
  • Q5. What is general insurance and are life insurance part of general insurance
  • Ans. 

    General insurance covers non-life assets and liabilities. Life insurance is not a part of general insurance.

    • General insurance provides coverage for assets and liabilities that are not related to life, such as property, vehicles, and liability insurance.

    • Life insurance, on the other hand, provides coverage for the life of the insured and pays out a death benefit to the beneficiaries upon the insured's death.

    • Examples of g...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Stay calm and give answers positively.
Read each and every details of your resume mostly interview was resume based. Keep examples for justifying your skills mentioned in resume.

Interview questions from similar companies

I applied via Recruitment Consultant and was interviewed in Oct 2019. There was 1 interview round.

Interview Questionnaire 

5 Questions

  • Q1. Understanding on Insurance
  • Q2. Understanding on Data churning skills
  • Ans. 

    Data churning skills refer to the ability to analyze and manipulate large amounts of data to extract insights and make informed decisions.

    • Data churning involves cleaning, organizing, and processing data to make it usable

    • Skills required include proficiency in data analysis tools such as Excel, SQL, and Python

    • Ability to identify patterns and trends in data and use them to make informed decisions

    • Examples include analyzing...

  • Answered by AI
  • Q3. MIS & Data warehousing with inference of data.. & impact on overall if we put more effort on performance
  • Q4. What initiatives we have taking on past to enhance productivity
  • Ans. 

    We have implemented various initiatives to enhance productivity in the past.

    • We introduced a new project management tool to streamline workflows.

    • We provided training and development opportunities to employees to improve their skills.

    • We implemented a flexible work schedule to improve work-life balance.

    • We conducted regular performance evaluations to identify areas for improvement.

    • We encouraged open communication and feedb

  • Answered by AI
  • Q5. How to get the work done from stakeholders not on your direct or indirect control
  • Ans. 

    Build trust, communicate clearly, set expectations, provide incentives, and follow up regularly.

    • Establish trust and rapport with stakeholders

    • Communicate clearly and regularly

    • Set clear expectations and goals

    • Provide incentives and rewards for cooperation

    • Follow up regularly to ensure progress and address any issues

    • Use collaboration tools and technology to facilitate communication and coordination

    • Lead by example and demons...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Talk only what interviewer wants to hear out or looking for
Have proper command and understanding on your subject or profile for which you are being interviewed
Talk with Facts
highlight your positive points during interview

And the most important CV should be tailored nicely.. because before you only CV decides whether you can be called for interview or not

I appeared for an interview in Sep 2017.

Interview Preparation Tips

Round: Test
Experience: asking my career and job details.
Tips: NA
Duration: 1 hour
Total Questions: 5

Skills: Managerial, Managerial

I applied via Campus Placement and was interviewed in Sep 2020. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. There were 3 rounds of interviews: 1) online test 2) one to one interview wherein share market, taxation related questions were asked 3) questions related to market, insurance

Interview Preparation Tips

Interview preparation tips for other job seekers - It’s bit tough but so worth it to be a part of kotak life

I applied via Recruitment Consultant and was interviewed in Jul 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. About your experience and strengths

Interview Preparation Tips

Interview preparation tips for other job seekers - Please speak more about your knowledge area.
Always give example and scenario for success stories or problem you resolved.
Give correct figures about business prepare well.

Make sure you study about current company profile, ranking business revenues if possible.

Be confident take time while answering questions...

I applied via Naukri.com and was interviewed before Dec 2020. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Basic questions
  • Q2. Conceptual answers

Interview Preparation Tips

Interview preparation tips for other job seekers - It was very formal interview. About general personal and professional discussion.
Any one crack it.

Interview Questionnaire 

1 Question

  • Q1. Tell me about yourself

I applied via Recruitment Consultant and was interviewed in Oct 2020. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Process in my earlier organisation
  • Q2. System used in earlier organisation
  • Ans. 

    The system used in my earlier organization was a customized ERP software.

    • The ERP software was developed in-house to cater to the specific needs of the organization.

    • It had modules for finance, HR, inventory management, and production planning.

    • The software was integrated with the company's website to enable online sales and order tracking.

    • Regular updates and maintenance were done to ensure smooth functioning of the syste...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Know your existing processes well.

I applied via Job Portal and was interviewed before May 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(1 Question)

  • Q1. Tell me about yourself

Interview Preparation Tips

Interview preparation tips for other job seekers - Keep it straight and simple. Be honest and try to justify how you can add value to organisation

I applied via Referral and was interviewed before Aug 2021. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Technical 

(1 Question)

  • Q1. Post resume shortlist, I had to complete technical assignment to prove my skills. You must have expert knowledge in your domain. And the company expects hard work & dedication from you.
Round 3 - HR 

(1 Question)

  • Q1. Had discussions with HR for Salary, Notice period & other benefits. And then I received offer letter.

Interview Preparation Tips

Interview preparation tips for other job seekers - Positive attitude, Hard worker, Dedicated, Skills enabled.

ICICI Lombard General Insurance Company Interview FAQs

How many rounds are there in ICICI Lombard General Insurance Company Underwriter interview for freshers?
ICICI Lombard General Insurance Company interview process for freshers usually has 3 rounds. The most common rounds in the ICICI Lombard General Insurance Company interview process for freshers are Resume Shortlist, Group Discussion and One-on-one Round.
How to prepare for ICICI Lombard General Insurance Company Underwriter interview for freshers?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at ICICI Lombard General Insurance Company. The most common topics and skills that interviewers at ICICI Lombard General Insurance Company expect are Underwriting, Insurance Underwriting, Ayurveda, Bams and Bhms.
What are the top questions asked in ICICI Lombard General Insurance Company Underwriter interview for freshers?

Some of the top questions asked at the ICICI Lombard General Insurance Company Underwriter interview for freshers -

  1. What is general insurance and are life insurance part of general insura...read more
  2. What are the types of r...read more
  3. Technical questi...read more

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ICICI Lombard General Insurance Company Underwriter Salary
based on 45 salaries
₹3.7 L/yr - ₹10 L/yr
32% more than the average Underwriter Salary in India
View more details

ICICI Lombard General Insurance Company Underwriter Reviews and Ratings

based on 6 reviews

3.7/5

Rating in categories

3.5

Skill development

3.4

Work-life balance

3.1

Salary

3.4

Job security

3.7

Company culture

3.4

Promotions

3.2

Work satisfaction

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