AXA Business Services Claims Analyst Interview Questions and Answers

Q1. Explian insurance Explain meaning of analysis
Ans. 
Insurance is a contract between an individual and an insurance company to protect against financial loss.
• Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.

• Premiums are paid to the insurance company in exchange for coverage.

• Analysis involves examining and evaluating data to make informed decisions.

• Claims analysts use analysis to determine the validity o...read more
Answered by AI
Add your answer
Q2. Explian meaning of analysis
Ans. 
Analysis is the process of examining data or information to draw conclusions or make decisions.
• Analysis involves breaking down complex information into smaller parts.

• It requires identifying patterns, relationships, and trends in the data.

• The results of analysis can be used to make informed decisions or recommendations.

• Examples of analysis include financial analysis, market analysis, and risk analysis.
Answered by AI
Add your answer

Q1. How do you process cliam
Ans. 
I process claims by reviewing documentation, verifying information, determining coverage, and issuing payments.
• Reviewing claim documentation for accuracy and completeness

• Verifying claimant information and policy coverage

• Determining claim eligibility and payment amounts

• Issuing payments to claimants or healthcare providers

• Maintaining accurate records of all processed claims
Answered by AI
Add your answer
Q2. How do you verify the documents
Ans. 
I verify documents by cross-referencing information, checking for authenticity, and ensuring all required details are present.
• Cross-reference information provided in the documents with internal databases or external sources

• Check for authenticity of documents through verification processes such as contacting issuing authorities or using fraud detection tools

• Ensure all required details are present and accurate, such as d...read more
Answered by AI
Add your answer
Q3. How do you check the medical reports
Add your answer

Q1. How does the truck's radiator work?
Ans. 
The truck's radiator works by cooling the engine coolant through a series of tubes and fins, dissipating heat generated by the engine.
• The radiator is filled with coolant, usually a mixture of water and antifreeze, which absorbs heat from the engine.

• As the hot coolant flows through the radiator, air passing over the fins helps to cool it down.

• The cooled coolant then circulates back to the engine to absorb more heat, mai...read more
Answered by AI
Add your answer

Discussion on general topic

Q1. It was 1 hr 30 mins round consisting of Aptitude check, role play and questions regarding my previous experiences.
Add your answer

Q1. Salary and other benefits negotiation round
Add your answer

Q1. Yourself and last experience
Add your answer

Q1. Last experience and related to insurance and reinsurance
Add your answer

Q1. Critical thinking round
Add your answer