ZS Interview Questions and Answers

Reinsurance is a process where an insurance company transfers a portion of its risk to another insurance company.

• Reinsurance helps insurance companies manage their risk exposure

• It allows insurance companies to take on more policies without taking on too much risk

• Reinsurance can be either proportional or non-proportional

• Proportional reinsurance involves sharing both premiums and losses with the reinsurer

• Non-proportional reinsurance involves transferring only losses to the rein...read more

Insurance provides financial security and peace of mind in case of unexpected events.

• Insurance helps mitigate financial risks and uncertainties

• It provides protection against loss or damage to property

• It covers medical expenses and provides health care benefits

• It offers life insurance and disability coverage

• It is a legal requirement for certain activities such as driving a car

• It promotes economic growth by encouraging investment and entrepreneurship

Insurance is a contract between an individual and an insurance company to protect against financial loss. Reconciliation is the process of comparing financial records to ensure accuracy.

• Insurance is a means of protection against financial loss due to unforeseen events such as accidents, illnesses, or natural disasters.

• Reconciliation involves comparing financial records to ensure that they are accurate and in agreement with each other.

• Insurance reconciliation involves verifyin...read more

Insurance is a financial product that provides protection against specific risks in exchange for payment of a premium.

• Insurance is a contract between the insurer (insurance company) and the insured (policyholder).

• The insured pays a premium to the insurer in exchange for coverage against specified risks.

• Types of insurance include health, life, auto, home, and property insurance.

• Insurance helps individuals and businesses manage risk by transferring it to the insurer.

• Insurance c...read more

AXA XL is a division of AXA Group that offers property, casualty, and specialty insurance and reinsurance products.

• AXA XL was formed in 2018 through the merger of XL Group Ltd and AXA's property and casualty business.

• It provides insurance and reinsurance coverage for a wide range of industries including construction, marine, and aviation.

• AXA XL operates globally with offices in North America, Europe, Asia-Pacific, and Latin America.

Insurance is a form of risk management used to protect against financial loss. Reinsurance is when an insurance company transfers some of its risk to another company.

• Insurance involves individuals or organizations paying premiums to an insurance company in exchange for protection against potential financial losses.

• Reinsurance is when an insurance company passes on some of its risk to another company, known as a reinsurer.

• Reinsurance helps insurance companies manage their risk...read more

I am a detail-oriented and analytical individual with a passion for finance and credit control.

• I have a degree in finance and have completed several courses in credit control.

• I have experience working in credit control for a reputable company.

• I am proficient in using financial software and have excellent analytical skills.

• I am a team player and have excellent communication skills.

• I am always looking for ways to improve processes and increase efficiency.