Top Insurance interview questions and answers before you Buy one
What Is Insurance?
Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured. If you have any doubt or you are planning to buy a Insurance , below Insurance Interview Questions and Answers can definitely help you out.
Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.
Top 58 Insurance interview questions and answers
I. General Insurance interview questions
You can refer them by links below:
- Tell me about yourself?
- Why did you leave your last job?
- What is your greatest weakness?
- What experience do you have in Insurance field?
- What have you done to improve your Insurance knowledge in the last year?
- What have you learned from mistakes on the Insurance job?
- What are the best tactics and strategies to reach to an insurance settlement? How we can convince a client who is willing to file a legal suit against the company?
- What are the basic information resources, when you start investigating a new insurance case?
- Tell us about some of your successful cases, where you resolved some complicated claims and avail a best deal to the company and the claimant as well?
- What are major property legislation regarding property insurance cover? Explain their features regarding disputes and settlements?
- What computer programs or tools do you use for the rating of application? Are they useful to make assessment of risk as well?
- What would be your probable action if you find an application with substandard risk?
- How you will minimize the effect of risk, any modulation or dividing it into various groups?
- What is reinsurance? Describe its various types and with which you have worked before?
- Define the term “Insurance”? What do you think is insurance?
- What are the different types of insurance?
- What do you think about the growth prospects of insurance sector?
- What do you like/ dislike the most about being an insurance sales representative?
- Have you had any training in insurance? If so, what consisted in the training program?
- How did you go about promoting a policy that you were handling?
- On the scale of 1 to 10, how would you rate yourself as an insurance sale professional?
- How are you at achieving sales targets? Can you walk us through how you were successful at reaching your targets?
- What are the regular methods and investigation strategies to analyze the tangibility of a claim?
- What actions, legal and administrative both the insurance company can take, if a fraud has been found out?
- What kind of strategy you will make for different types of claim to collect firm evidences? How they would be helpful to make a final decision regarding the claim?
- What kind of different questionnaires, you will prepare to interrogate the claimant and other related people? Do you use any scientific or psychological methods as well?
II. Property Insurance Interview Questions
- Tell us about your experience in insurance broking, since how long you are working as an insurance broker?
- Which branch or branches of insurance do you handle most?
- Describe the types of personal insurance covers and claims?
- Describe some popular business insurance claims?
- While suggesting a particular cover for a corporate, what key factors do you often consider?
- What legal matters or issues usually arise in a dispute like condition? How do you handle such things?
- What is your way to evaluate the needs of client for a suitable insurance claim for them?
- Can you explain the various kind of life and Medicare claims?
- Explain the terms and conditions of pension and health insurance claims? What type of covers in this sector, people usually like to prefer?
- Explain the categories in business and corporate insurance? What makes them different from other claims?
- What are the major state regulations and legislations regarding insurance covers?
- How you will handle an irate client, who has some issues with our services or products?
- How we can make our products more customer friendly, any suggestions?
- What are methods that are used to manage Insurance?
- How to maintain Insurance activities?
- What are common risks for Insurance? And how to face?
- Describe steps to manage Insurance?
- How to measure performance of Insurance activities?
- What are monitoring methods for Insurance activities?
- Describe ISO 9001 for Insurance?
- What made you choose to apply to Insurance…position?
- Tell me about your last position and what you did?
- What do you know about the Insurance…position?
- What are key tasks for Insurance…position?
- What are top 3 knowledge/top 3 skills for Insurance…position?
- What are KRAs/output of Insurance…position?
- How to measure/appraise your Insurance…position?
- What do you know about this company?
- Describe two or three major trends in your Insurance field?
- Did you choose this profession/field?
- What tertiary qualifications have you attained that related to Insurance…position?
- What is the most recent skill you have learned that related to Insurance…position?
The above Insurance interview questions can be used for Insurance positions such as: Insurance administrator, Insurance analyst, Insurance assistant, Insurance associate, Insurance consultant, Insurance controller, Insurance clerk, Insurance coordinator. Also These Insurance Interview Questions can also help you if you are going to buy a Insurance.
III. Personal Insurance interview questions answer tips
- Identify key goals, tasks, job specs and attributes for Insurance positions then ask question: How to do, how to become that will definitely help in Insurance Interview Questions
- Listen job interview questions carefully, then ask by your-self: what are things related to Insurance field before answering.
- Always ask by yourself: What are proofs that are required for this position?
- Make a full list of Insurance interview questions for Insurance field: specialized interview questions, common interview questions, interview tips, interview thank you letters, types of job interview questions…
Top insurance Interview questions for experience, Top insurance Interview questions for fresher’s, Top 58 insurance Interview questions for experience.
If you are looking for any Insurance in Auto Insurance, Personal Insurance, Property Insurance and have Insurance Interview Questions, Below are the set of Top 100 Insurance Companies in USA you can look Forward. We do not recommend any companies or group, you can check more details on their Websites and select a best one for you.
| Ranking | P/C insurance company name | 2018 Net premiums written (US $ 000) | % change from previous year |
| 1 | State Farm Group | 65,468,992 | 1.3 |
| 2 | Berkshire Hathaway Ins | 50,249,255 | 8.3 |
| 3 | Progressive Ins Group | 32,611,691 | 20.2 |
| 4 | Allstate Ins Group | 32,289,792 | 5.7 |
| 5 | Liberty Mutual Ins Cos | 31,830,969 | 11.2 |
| 6 | Travelers Group | 25,790,403 | 5.4 |
| 7 | USAA Group | 21,491,132 | 9.6 |
| 8 | Chubb INA Group | 19,565,309 | 77.8 |
| 9 | Nationwide Group | 18,133,400 | -3.9 |
| 10 | American Intl Group (AIG) | 14,608,733 | 1.3 |
| 11 | Farmers Ins Group | 14,031,427 | -1.6 |
| 12 | Hartford Ins Group | 11,503,644 | 0.3 |
| 13 | Amer Family/Main Street America Grp | 10,290,013 | 7.5 |
| 14 | Auto-Owners Ins Group | 7,991,177 | 10.6 |
| 15 | Swiss Reinsurance Group | 7,281,820 | 225.3 |
| 16 | Erie Ins Group | 7,091,499 | 7 |
| 17 | Fairfax Financial (USA) Group | 6,951,053 | 27.1 |
| 18 | Munich-American Hldg Corp Cos | 6,807,450 | 24.3 |
| 19 | CNA Ins Cos | 6,568,262 | 2.8 |
| 20 | Tokio Marine US PC Group | 6,435,578 | 5.4 |
| 21 | W. R. Berkley Ins Group | 5,722,538 | 2.3 |
| 22 | Everest Re US Group | 5,052,259 | 190.2 |
| 23 | Cincinnati Ins Cos | 5,033,904 | 3.9 |
| 24 | Alleghany Ins Holdings Group | 4,669,302 | 4.2 |
| 25 | The Hanover Ins Grp Prop & Cas Cos | 4,395,814 | 6.9 |
| 26 | Great Amer P & C Ins Grp | 4,346,751 | 2.8 |
| 27 | Auto Club Enterprises Ins Group | 4,316,167 | 13.1 |
| 28 | CSAA Ins Group | 3,969,996 | 5.5 |
| 29 | Zurich Finl Svcs NA Group | 3,921,553 | -15.3 |
| 30 | Kemper PC Companies | 3,725,813 | 14.6 |
| 31 | MetLife Auto & Home Group | 3,723,280 | 2.9 |
| 32 | FM Global Group | 3,628,584 | 6 |
| 33 | AXA U.S. Group | 3,504,868 | 51.1 |
| 34 | Mercury Gen Group | 3,459,956 | 8.8 |
| 35 | Assurant P&C Group | 3,215,670 | 31.6 |
| 36 | Markel Corp Group | 3,132,390 | 8.5 |
| 37 | Arch Ins Group | 2,915,369 | 877.4 |
| 38 | QBE Americas Group | 2,894,042 | 16.7 |
| 39 | Old Republic Ins Group | 2,697,240 | 1.8 |
| 40 | Allianz of America Companies | 2,663,530 | 45.1 |
| 41 | Selective Ins Group | 2,514,286 | 6.1 |
| 42 | AmTrust Group | 2,497,007 | -0.5 |
| 43 | Auto Club Group | 2,402,122 | 1.9 |
| 44 | COUNTRY Financial PC Group | 2,399,601 | 3.7 |
| 45 | Amica Mutual Group | 2,374,259 | 4.4 |
| 46 | Sompo Hldgs US Group | 2,306,946 | 77.8 |
| 47 | Sentry Ins Group | 2,287,982 | 8.5 |
| 48 | AXIS US Operations | 2,268,247 | 127.4 |
| 49 | State Ins Fund WC Fund | 2,256,138 | -1 |
| 50 | MAPFRE North America Group | 2,224,429 | 7.1 |
| 51 | Natl Gen Companies | 2,170,519 | 65.9 |
| 52 | NJM Ins Group | 1,975,809 | 4.3 |
| 53 | EMC Ins Cos | 1,881,985 | 6 |
| 54 | State Auto Ins Cos | 1,862,026 | -4.7 |
| 55 | Westfield Group | 1,833,948 | -1.3 |
| 56 | Shelter Ins Cos | 1,832,474 | 6 |
| 57 | PartnerRe US Group | 1,579,718 | 63.2 |
| 58 | AF Group | 1,495,815 | 12.1 |
| 59 | Federated Mutual Group | 1,479,663 | -14.7 |
| 60 | Acuity, A Mutual Ins Co | 1,467,713 | 6.8 |
| 61 | Southern Farm Bureau Cas Group | 1,464,397 | 5.1 |
| 62 | Scor US Group | 1,434,161 | 15.2 |
| 63 | Farm Bureau P&C Group | 1,385,839 | 2.9 |
| 64 | TN Farmers Ins Cos | 1,369,857 | 7 |
| 65 | Amer Natl Prop & Cas Companies | 1,365,404 | 8.8 |
| 66 | Alfa Ins Group | 1,359,278 | 2.2 |
| 67 | Starr Intl Group | 1,328,967 | 18.5 |
| 68 | State Compensation Ins Fund | 1,324,765 | -1.5 |
| 69 | Texas Farm Bureau Group | 1,207,874 | 7.6 |
| 70 | Grange Ins Pool | 1,202,658 | 2.1 |
| 71 | West Bend Mutual Ins Co | 1,169,043 | 7.1 |
| 72 | TX Mutual Ins Co | 1,146,827 | 10.8 |
| 73 | Motorists Ins Pool | 1,078,722 | -1.9 |
| 74 | IAT Ins Group | 1,067,416 | 29.7 |
| 75 | OneBeacon Ins Group | 1,062,657 | 91.2 |
| 76 | United Fire & Cas Group | 1,061,664 | 4.2 |
| 77 | Ameriprise P&C Companies | 1,058,063 | 10.5 |
| 78 | KY Farm Bureau Group | 1,057,415 | 5.8 |
| 79 | Utica Natl Ins Group | 1,039,266 | 7 |
| 80 | Mortgage Guar Group | 995,530 | -0.2 |
| 81 | ICW Pool | 993,916 | 2.8 |
| 82 | Radian Group | 991,021 | 21.1 |
| 83 | CUMIS Ins Society Group | 927,575 | 1.7 |
| 84 | Argo Group | 903,348 | 38.9 |
| 85 | Donegal Ins Group | 902,363 | 2.1 |
| 86 | NC Farm Bureau Ins Group | 883,439 | 6 |
| 87 | Enstar Ins Group | 853,723 | 61.8 |
| 88 | ProSight Specialty Group | 845,421 | 39.9 |
| 89 | Universal Ins Hldgs Group | 827,674 | 12.3 |
| 90 | RLI Group | 823,175 | 9.8 |
| 91 | Amerisure Cos | 819,398 | 0.5 |
| 92 | FCCI Ins Group | 806,829 | 0.9 |
| 93 | Safety Group | 786,911 | 0.8 |
| 94 | Arbella Ins Group | 784,042 | 0.9 |
| 95 | Church Mutual Ins Group | 772,117 | 5.7 |
| 96 | Palisades Group | 768,668 | 5.5 |
| 97 | Genworth PC Group | 763,955 | 0.8 |
| 98 | MI Farm Bureau Group | 753,226 | 7.1 |
| 99 | Employers Ins Group | 742,842 | 2.6 |
| 100 | RenaissanceRe US Group | 740,924 | -18.4 |
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