ICICI Lombard General Insurance Company Underwriting Officer Interview Questions and Answers

Behavioural test, easy math and english question

Q1. Basics about Insurance like principle of insurance (Fresher)
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Q2. Why insurance industry ?
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Insurance industry offers stability, growth opportunities, and the chance to help individuals and businesses protect their assets.
• Opportunity for career growth and advancement

• Stability in a constantly changing economy

• Ability to help individuals and businesses manage risk and protect assets

• Variety of roles and specialties within the industry
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Q3. Attitude test question (Can you sit for long hour)
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Q4. What is underwriting ?
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Underwriting is the process of evaluating the risk of insuring a person or asset and determining the premium to be charged.
• Underwriting involves assessing the risk associated with insuring a particular individual or asset.

• Factors such as age, health, occupation, and lifestyle are considered during underwriting.

• Underwriters use statistical models and historical data to predict the likelihood of a claim being made.

• The pr...read more
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Q1. Tell me about your self
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I am a seasoned underwriting executive with over 10 years of experience in the insurance industry.
• I have a strong background in risk assessment and analysis.

• I have a proven track record of successfully managing underwriting teams.

• I am skilled in developing underwriting guidelines and policies.

• I have experience in working with various insurance products such as property, casualty, and life insurance.
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Q2. Tell me about your job experience
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I have over 10 years of experience in underwriting, including managing a team and developing risk assessment strategies.
• Managed a team of underwriters to ensure accurate and timely risk assessments

• Developed and implemented risk assessment strategies to improve underwriting efficiency

• Collaborated with sales and marketing teams to assess potential clients and determine appropriate coverage

• Utilized underwriting software a...read more
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Q1. How many family members in your house
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Q2. How many have you studied?
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Time management,Before answering the question, read and listen carefully,Negative marking

Group discussion is when a group of people comes together to discuss a certain topic. Many Recruiters use group discussion to test a candidate’s communication skills, leadership skills, test topic knowledge

Types of Group discussions are:

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A job interview assignment is a task or project related to the position you're applying for. Many hiring managers use these assignments in addition to a traditional interview to learn more about your skills and work ethic and evaluate how your abilities align with the job requirements