AXA Business Services Insurance Claims Processor Interview Questions and Answers

I have a strong knowledge in insurance.

• I have a deep understanding of insurance policies and coverage.

• I am familiar with different types of insurance such as life, health, auto, and property.

• I have experience in analyzing insurance claims and determining coverage eligibility.

• I am knowledgeable about insurance regulations and compliance.

• I have worked with insurance companies and clients to provide accurate and timely in...read more

The core principles of Information Security are confidentiality, integrity, and availability.

• Confidentiality: ensuring that information is only accessible to authorized individuals

• Integrity: maintaining the accuracy and completeness of information

• Availability: ensuring that information is accessible to authorized individuals when needed

• Examples: encryption, access controls, backups, disaster recovery plans

Virus and malware are malicious software designed to harm computer systems and steal data.

• Virus is a self-replicating program that attaches itself to clean files and spreads throughout the system.

• Malware is a broader term that includes viruses, spyware, adware, and other malicious software.

• Malware can be used to steal sensitive information, damage files, or take control of a computer.

• Examples of malware include Trojan ...read more

I will immediately disconnect from the internet and run a virus scan to remove the virus.

• Disconnect from the internet to prevent further spread of the virus

• Run a virus scan using an updated antivirus software

• If the virus cannot be removed, seek help from IT support

• Regularly backup important files to prevent data loss

Motor add-on covers are additional insurance options that provide extra protection for vehicles.

• Motor add-on covers are optional insurance policies that can be added to a basic motor insurance policy.

• These covers provide additional protection and benefits beyond the standard coverage.

• Examples of motor add-on covers include zero depreciation cover, engine protection cover, roadside assistance cover, etc.

• Zero depreciatio...read more

Insurance companies work by providing financial protection to individuals or organizations against potential risks or losses.

• Insurance companies collect premiums from policyholders in exchange for coverage.

• They assess risks and determine the appropriate premiums to charge based on factors such as age, health, and occupation.

• Insurance companies invest the collected premiums to generate income and ensure they have suffic...read more

An actuary is a professional who assesses and manages financial risks using mathematics, statistics, and business knowledge.

• Analyzing data to calculate probabilities of events such as death, sickness, injury, and property loss

• Designing insurance policies and pension plans based on risk assessments

• Helping companies make informed decisions on managing risks and setting premiums

• Advising on investment strategies to ensure ...read more

India's GDP is $2.7 trillion with a growth rate of 4.2%.

• India's GDP is one of the largest in the world.

• As of 2020, India's GDP was $2.7 trillion.

• The growth rate of India's GDP in 2020 was 4.2%.

• India's GDP growth rate has been fluctuating over the years.

• The COVID-19 pandemic had a significant impact on India's GDP growth.

Demonetization has pros and cons that impact various aspects of the economy and society.

• Pros: Curbing black money, reducing corruption, promoting digital transactions

• Cons: Initial economic disruption, inconvenience to the public, impact on informal sector

• Example of a pro: Demonetization helped uncover undisclosed income and led to an increase in tax compliance.

• Example of a con: Small businesses and daily wage workers f...read more

The validity of the second data set can be verified by comparing it with the first data set.

• Compare the variables in both data sets to ensure they are the same.

• Check if the number of policies in the second data set matches the number stated.

• Perform statistical analysis on both data sets to identify any discrepancies or inconsistencies.

• Validate the accuracy of the second data set by cross-referencing it with external so...read more

I am passionate about analyzing data and deriving insights to drive informed decision-making.

• I enjoy problem-solving and critical thinking, which are essential skills for an analyst.

• I have a strong attention to detail and excel at organizing and interpreting complex information.

• I am interested in utilizing data to identify trends, patterns, and opportunities for improvement.

• I believe that my analytical skills can contr...read more