20+ Universal Sompo General Insurance Interview Questions and Answers

Indian pharma companies are expected to grow significantly in the next decade with expansion plans in domestic and international markets.

• Indian pharma companies are investing heavily in research and development to develop new drugs and expand their product portfolio.

• Many companies are also focusing on expanding their presence in international markets through acquisitions and partnerships.

• The Indian government's push for affordable healthcare is expected to drive growth in the...read more

Generic manufacturers have lower costs but face more competition, while non-generic manufacturers have higher costs but can charge higher prices.

• Pros of being a generic manufacturer: lower costs, larger market share, ability to enter the market faster

• Cons of being a generic manufacturer: more competition, lower profit margins, difficulty in establishing brand recognition

• Pros of being a non-generic manufacturer: ability to charge higher prices, higher profit margins, establish...read more

Profit percentages vary depending on various factors such as competition, market demand, and production costs.

• Competition can drive down profit margins for both generic and non-generic drugs.

• Market demand can affect the price and profit margins of both types of drugs.

• Production costs can be lower for generic drugs, leading to higher profit margins.

• Non-generic drugs may have higher research and development costs, leading to lower profit margins.

• Profit percentages can also vary...read more

Yes, I have created a BRD.

• I have created a Business Requirements Document (BRD) for a software development project.

• The BRD included detailed information on the project scope, objectives, stakeholders, and functional requirements.

• I also included non-functional requirements such as performance, security, and usability.

• The BRD served as a blueprint for the development team and helped ensure that the final product met the client's needs and expectations.

OTC derivatives are privately negotiated contracts while exchange traded derivatives are standardized contracts traded on exchanges.

• OTC derivatives are customized to meet the specific needs of the parties involved while exchange traded derivatives are standardized contracts with fixed terms and conditions.

• OTC derivatives are not traded on exchanges and are subject to counterparty risk while exchange traded derivatives are traded on exchanges and are guaranteed by a clearingho...read more

Options are financial contracts that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a predetermined price.

• Options can be used for hedging or speculation.

• There are two types of options: call options and put options.

• Call options give the buyer the right to buy an underlying asset at a predetermined price, while put options give the buyer the right to sell an underlying asset at a predetermined price.

• Options have expiration dates and stri...read more

Components of capital markets include stocks, bonds, derivatives, and commodities.

• Stocks represent ownership in a company and can be bought and sold on stock exchanges.

• Bonds are debt securities issued by companies or governments to raise capital.

• Derivatives are financial contracts that derive their value from an underlying asset, such as stocks or commodities.

• Commodities are raw materials or primary agricultural products that can be traded, such as gold, oil, or wheat.

Credit risk is the risk of default by a borrower, while counter-party risk is the risk of default by a trading partner.

• Credit risk is specific to lending and borrowing, while counter-party risk is specific to trading and financial transactions.

• Credit risk is the risk of non-payment of a loan or debt, while counter-party risk is the risk of non-performance by a trading partner.

• Credit risk is typically assessed by credit rating agencies, while counter-party risk is typically as...read more

Requirements are gathered through various techniques and tools.

• Conducting interviews with stakeholders

• Holding focus groups

• Creating surveys and questionnaires

• Analyzing existing documentation

• Observing current processes

• Prototyping and testing

• Using agile methodologies

• Documenting and prioritizing requirements

Pharma companies generate revenue through the sale of prescription drugs, over-the-counter medications, and medical devices.

• Pharma companies invest heavily in research and development to create new drugs and treatments.

• They then obtain patents for these drugs, allowing them to be the sole provider for a certain period of time.

• Pharma companies also generate revenue through the sale of generic drugs, which are cheaper versions of brand-name drugs.

• They may also engage in partner...read more

Design patterns in Java, class loader, Spring dependency injection, and collections.

• Design patterns in Java are reusable solutions to common problems in software design.

• Class loader is responsible for loading classes into the Java Virtual Machine.

• Spring dependency injection is a design pattern that allows objects to be loosely coupled and easily managed.

• Collections in Java provide a way to store, retrieve, and manipulate groups of objects.

Derivatives are financial instruments that derive their value from an underlying asset or security.

• Derivatives can be used for hedging or speculation.

• Examples of derivatives include futures, options, and swaps.

• Derivatives can be traded on exchanges or over-the-counter.

• Derivatives can be complex and carry significant risk.

• Derivatives played a role in the 2008 financial crisis.

OS platforms for Telecom require robust technology to handle high traffic and ensure reliability.

• Telecom OS platforms need to handle high traffic and ensure reliability

• They require robust technology to support real-time communication and data transfer

• Examples include Linux-based systems like CentOS and Ubuntu, as well as proprietary systems like Cisco IOS

• Virtualization and cloud computing are also becoming increasingly important in telecom OS platforms

Yes, I have written white papers on various topics related to consulting services.

• I have written white papers on topics such as market research, strategic planning, and organizational development.

• White papers are important in the consulting industry as they showcase expertise, thought leadership, and provide valuable insights to clients.

• I have written white papers to educate clients on industry trends, best practices, and innovative solutions.

• White papers help establish credi...read more

Yes, I know how to write user stories.

• User stories should be written from the perspective of the end user

• They should be concise and focused on a specific feature or functionality

• Include acceptance criteria to define when the story is complete

Design a database for Pas

• Identify the entities involved in the Pas system (e.g. patients, appointments, doctors)

• Create tables for each entity with relevant attributes (e.g. patient table with name, age, contact info)

• Establish relationships between tables using foreign keys (e.g. appointment table linked to patient and doctor tables)

• Consider normalization to reduce redundancy and improve data integrity

• Include indexes for efficient querying and performance optimization

The modern data warehouse is a cloud-based platform that combines data storage, processing, and analytics in one solution.

• Utilizes cloud computing for scalability and flexibility

• Integrates data from various sources for a unified view

• Supports real-time data processing and analytics

• Offers advanced analytics capabilities like machine learning and AI

• Examples: Amazon Redshift, Google BigQuery, Snowflake

Hot folders are directories that automatically process files placed in them.

• Hot folders are also known as watch folders or input folders.

• They are commonly used in automation workflows to trigger actions such as file conversion or printing.

• Hot folders can be set up to monitor specific file types or file names.

• Examples of hot folder software include FolderMill and FileWatch.

• Hot folders can save time and reduce errors in manual file processing tasks.

Oil and Gas Domain BPM involves optimizing business processes in the oil and gas industry to improve efficiency and reduce costs.

• Oil and gas companies use BPM to streamline operations such as drilling, production, and distribution.

• BPM helps in managing regulatory compliance and safety standards in the industry.

• Automation of processes like inventory management and maintenance scheduling can be achieved through BPM in oil and gas domain.

Components of PBI include Power Query, Data Model, and Report Layout.

• Power Query is used to import and transform data from various sources.

• Data Model allows users to create relationships between tables and define calculations.

• Report Layout involves designing the visual representation of data using charts, graphs, and tables.

I can add value by leveraging my expertise and experience to provide innovative solutions and drive business growth.

• I have a proven track record of delivering successful projects and exceeding client expectations.

• I am skilled in identifying and analyzing business problems and developing effective strategies to address them.

• I have a deep understanding of industry trends and best practices, which allows me to provide valuable insights and recommendations.

• I am a strong communica...read more