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Pappoo Store Interview Questions and Answers
Q1. What is Pure Premium, Average Annual Loss, Probable Maximum Loss, Ground Up Loss, Net Loss
Pure Premium is the expected claim cost per unit exposure, Average Annual Loss is the average loss per year, Probable Maximum Loss is the maximum loss expected, Ground Up Loss is the total loss before any deductions, Net Loss is the final loss after deductions.
Pure Premium is the expected claim cost per unit exposure
Average Annual Loss is the average loss per year
Probable Maximum Loss is the maximum loss expected
Ground Up Loss is the total loss before any deductions
Net Loss i...read more
Q2. What is Catastrophe Modeling. What is Geocoding. How geocoding helps.
Q3. Why didn't you use some X tech stack.
Q4. Different types of Re-Insurance.
Re-insurance is a way for insurance companies to protect themselves against large losses by transferring some of their risk to another company.
Reinsurance can be categorized into two main types: facultative and treaty.
Facultative reinsurance is negotiated separately for each policy and is typically used for high-risk or unusual situations.
Treaty reinsurance is a more standardized agreement that covers a specific type of risk or a portfolio of policies.
Other types of reinsuran...read more
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