ICICI Lombard General Insurance Company Interview Questions, Process, and Tips

Q1. Business development regarding
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Q2. Sales and agent requirement
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Q1. About past experiences
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Q2. Knowledge about industry
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Q1. Knowledge about industry
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Q2. Past experience
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Q1. Sales marketing
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Q2. Insurance agent knowledge
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Q3. Agent peaching hard
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Q4. Working hard work agent riqrment
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Q5. Policy tenure customer
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Q1. How do u analyse risk, what is LR
Ans. 
Risk analysis involves assessing potential risks and determining the likelihood of them occurring. LR stands for Loss Ratio, which is a key metric in insurance underwriting.
• Identify potential risks associated with the insured property or individual

• Evaluate the likelihood of these risks occurring based on historical data and industry trends

• Calculate the Loss Ratio (LR) by dividing the total incurred losses by the total ...read more
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Q2. What is profit pool and loss pool
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Profit pool and loss pool are terms used in insurance underwriting to refer to the total profits and losses incurred by a group of policies or clients.
• Profit pool refers to the total profits generated by a group of policies or clients within a specific time period.

• Loss pool refers to the total losses incurred by a group of policies or clients within a specific time period.

• Insurance companies use profit and loss pools t...read more
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Q3. How you analyse the loss making segment and profit making segment ?
Ans. 
To analyze the loss making and profit making segments, I would review financial statements, conduct market research, and assess operational efficiency.
• Review financial statements to identify revenue and expenses for each segment

• Conduct market research to understand customer demand and competition in each segment

• Assess operational efficiency by analyzing costs, production processes, and resource allocation

• Compare profit...read more
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Q4. Why do accident occur in a Mahindra Bolero is much severe than that in A Tata Ace ,?
Ans. 
The severity of accidents in a Mahindra Bolero is much higher than in a Tata Ace due to differences in size, weight, and safety features.
• Mahindra Bolero is larger and heavier than Tata Ace, resulting in more impact during accidents.

• Mahindra Bolero may have less advanced safety features compared to Tata Ace, leading to more severe injuries.

• The structural design of Mahindra Bolero may not be as crash-resistant as Tata Ac
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Q1. Risk analysis claim settlement process and Loss Ratio.
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Q2. HR salary negotiation
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Electric vehicle is better for our future or not.

Q1. What you know about the company
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Q2. Give me the name of product
Ans. 
iPhone
• Smartphone manufactured by Apple Inc.

• Known for its sleek design and user-friendly interface

• Popular for its high-quality camera and app ecosystem
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Q1. How do u handle pressure
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Q2. How to tackle sales
Ans. 
To tackle sales, focus on building relationships, understanding customer needs, offering solutions, and following up consistently.
• Build strong relationships with customers to gain trust and loyalty

• Understand the needs and pain points of customers to offer tailored solutions

• Consistently follow up with leads and clients to maintain engagement

• Utilize effective communication and negotiation skills to close deals

• Stay update...read more
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Q1. What is your aim
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Q2. How to handle pressure
Ans. 
Handling pressure involves staying organized, prioritizing tasks, taking breaks, seeking support, and maintaining a positive attitude.
• Stay organized by creating to-do lists and setting realistic goals

• Prioritize tasks based on deadlines and importance

• Take breaks to recharge and avoid burnout

• Seek support from colleagues or mentors when feeling overwhelmed

• Maintain a positive attitude by focusing on solutions rather than p
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