Universal Sompo General Insurance
Universal Sompo General Insurance | Group H&A Underwriting
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Job Highlights
Responsibilities
- This role collaborates with sales, actuarial, and operations teams to deliver profitable and compliant health insurance solutions.
- Evaluate incoming health insurance proposals and determine underwriting eligibility.
- Conduct comprehensive risk analysis and technical assessments for each submission.
- Develop and maintain pricing models aligned with market trends and company profitability goals.
- Prepare underwriting recommendations and secure necessary approvals from senior management.
- Oversee policy booking, issuance, and related documentation to ensure accuracy and compliance.
- Collaborate with actuarial and product teams to refine underwriting guidelines.
- Monitor portfolio performance and recommend adjustments to mitigate emerging risks.
- Provide underwriting expertise and support to sales and broker partners.
- Maintain up‑to‑date knowledge of regulatory changes affecting health insurance underwriting.
- Participate in continuous improvement initiatives to enhance underwriting efficiency.
Qualifications
- Strong analytical skills with proficiency in statistical and pricing tools.
- Excellent understanding of health insurance products, regulations, and market dynamics.
- Proven ability to evaluate complex proposals and make sound underwriting decisions.
- Effective communication and negotiation skills with internal and external stakeholders.
- Experience using underwriting software and data analytics platforms.
- Professional certifications (e.g., CPCU, ARM) preferred.
- Ability to work independently and as part of a cross‑functional team.
About the company
Universal Sompo General Insurance Company Limited
Universal Sompo General Insurance Company Limited was formed under a shareholders' agreement signed in November 2006 by Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investment Corporation and Sompo Japan Insurance Inc. of Japan. It received its certificate of registration from the Insurance Regulatory and Development Authority of India in November 2007. Allahabad Bank has since been merged into Indian Bank, and at 31 March 2026 the shareholders were Sompo Japan Insurance (34.61 per cent), Indian Bank (28.52 per cent), Indian Overseas Bank (18.06 per cent), Dabur Investment Corporation (12.81 per cent) and Karnataka Bank (6 per cent). The company is not listed on a stock exchange. It sells general insurance in India, including motor, health, personal accident, fire, marine, engineering, liability and crop insurance. Its registered and corporate office is at Commerz, International Business Park, Oberoi Garden City, Goregaon East, Mumbai, and its annual report for 2025-26 lists 141 offices in 90 cities.
Its finance-related openings are at its Mumbai head office: a lead internal auditor, for which a CA, CPA or ACCA is mandatory and the CIA is preferred, and a group health underwriting role that asks for five or more years in health insurance underwriting or risk analysis.
