Chubb Interview Questions, Process, and Tips

To sync a db instance, use a replication process to copy data from the primary instance to secondary instances.

• Set up a primary instance and one or more secondary instances

• Configure replication settings on the primary instance

• Monitor replication status to ensure data consistency

• Perform regular backups to prevent data loss

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 o...read more

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...read more

Career goals, reasons for switching to Chubb, and salary expectations discussed in interview.

• Career goals include advancing in catastrophe modeling field and gaining more experience

• Switched to Chubb for opportunities for growth, better work environment, and more challenging projects

• Left previous company due to lack of growth opportunities or seeking new challenges

• Salary expectations based on industry standards, experie