Evidence of actuarial hiring: IRDAI-registered insurer (Appointed Actuary required) (source). Checked 10 Nov 2026.
About Universal Sompo
Universal Sompo General Insurance began operations in 2007. Its shareholders are three public-sector and private banks (Indian Bank, Indian Overseas Bank and Karnataka Bank), Dabur Investment Corporation and Japan's Sompo group. Exact current stakes are not covered here. It is not listed.
The company is headquartered in Mumbai, where the actuarial team sits. Its partner banks provide a large bancassurance channel, and its book includes crop, health, motor, personal accident and commercial lines, with crop schemes forming a significant part in several years.
For an actuary, Universal Sompo offers a mid-sized team covering crop, health and motor, giving exposure to both scheme-based crop pricing and retail lines. The Japanese partner adds group reporting requirements and access to Sompo's technical methods.
What the actuarial team does
- Crop scheme pricing and bid support
- Health and personal accident pricing for bank customers
- Motor pricing
- IBNR reserving and the Appointed Actuary's statutory reports
- IRDAI product filings
- Solvency, reinsurance analysis and reporting to Sompo
How students get in
Universal Sompo posts vacancies on its careers page (universalsompo.com/careers) and on job portals. Actuarial analyst roles in Mumbai appear occasionally; the exact papers required are not published, but core-paper passes are the usual baseline. A named trainee scheme, internship programme or exam-support policy is not published. Students should apply through the careers page and watch the Institute of Actuaries of India job board.
Roles this employer has advertised:
Questions students ask
Which papers does Universal Sompo ask for?
Not published; CS1, CS2 and CM1 are a sensible baseline.
Where is the actuarial team?
At the Mumbai head office.
Are internships offered?
Not published.
