Aditya Birla Health Insurance Co Senior Executive Interview Questions and Answers

Cat modeling is a statistical method used to estimate the probability of loss due to a catastrophic event.

• It involves analyzing historical data to identify patterns and trends in losses caused by natural disasters such as hurricanes, earthquakes, and floods.

• The model then uses this data to predict the likelihood and severity of future losses, which helps insurance companies to price their policies accurately and manage...read more

Geocoding is the process of converting addresses into geographic coordinates (latitude and longitude).

• Geocoding helps in mapping and analyzing data based on location.

• It is used in various applications like navigation, logistics, and marketing.

• Examples of geocoding services include Google Maps API, Bing Maps API, and OpenStreetMap Nominatim API.

Types of insurance include health, auto, life, home, and travel insurance.

• Health insurance covers medical expenses

• Auto insurance provides coverage for vehicles

• Life insurance pays out a sum of money upon the insured's death

• Home insurance protects against damage to the home and belongings

• Travel insurance covers trip cancellations, medical emergencies, and lost luggage