AXA Business Services Interview Questions, Process, and Tips

Q1. Tell about IFRS 9
Ans. 
IFRS 9 is an international financial reporting standard that sets out guidelines for accounting for financial instruments.
• IFRS 9 replaces IAS 39 and introduces new classification and measurement requirements for financial assets

• It also includes guidelines for impairment of financial assets and hedge accounting

• IFRS 9 aims to improve the financial reporting of financial instruments and provide more relevant information t
Answered by AI
Add your answer

Q1. Introduction yourself
Add your answer

Q1. Salary discussion
Add your answer

Having technical skills

Q1. Pannel Interview with Operation Manager, Senior Manager & AVP
Add your answer

Q1. What do you understand by the term life insurance?
Ans. 
Life insurance is a contract between an individual and an insurance company, where the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.
• Life insurance provides financial protection to the family of the insured in case of their untimely death

• The insured pays a premium to the insurance company in exchange for the death benefit

• There are different types of life insurance po...read more
Answered by AI
Add your answer
Q2. What does the “claims” dept do?
Ans. 
The claims department handles the process of investigating, evaluating, and settling insurance claims.
• Receive and review claims submitted by policyholders

• Investigate the validity of the claim

• Evaluate the extent of the damage or loss

• Determine coverage and liability

• Negotiate settlements with policyholders or third-party claimants

• Process payments to policyholders or vendors

• Maintain records and documentation of claims

• Provi
Answered by AI
Add your answer

Q1. What is your 5 year plan?
Ans. 
My 5 year plan is to advance my skills and knowledge in insurance claims analysis, take on more responsibilities, and contribute to the growth of the company.
• Complete relevant certifications and training programs

• Take on more complex claims and lead a team

• Identify and implement process improvements to increase efficiency

• Collaborate with other departments to improve customer satisfaction

• Contribute to the company's growth
Answered by AI
Add your answer
Q2. German Language conversations
Add your answer

Q1. Why do you want to join AXA?
Add your answer
Q2. Why this job after Engg?
Add your answer