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Gallagher Risk Analyst Interview Questions and Answers

Updated 15 May 2021

Gallagher Risk Analyst Interview Experiences

1 interview found

Risk Analyst Interview Questions & Answers

user image Anonymous

posted on 15 May 2021

I applied via Company Website and was interviewed in Nov 2020. There were 7 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. What made you to change your streem from commerce to insurance?
  • Ans. 

    I changed my stream from commerce to insurance due to my interest in risk analysis and the potential for growth in the insurance industry.

    • I developed a keen interest in risk analysis during my commerce studies and realized that insurance is a field where I can apply my skills and knowledge effectively.

    • I recognized the potential for growth and career advancement in the insurance industry, especially in the role of a ris...

  • Answered by AI
  • Q2. Why should we hire you?
  • Q3. How do you manage family people?
  • Q4. What is your strength and weekness?

Interview Preparation Tips

Interview preparation tips for other job seekers - Guys... Never ever lose confidence.. Confidence is the key.. Even if you dont know say that don't know and I'll find the answer some how like that.. Try to show ready for everything attitude

Interview questions from similar companies

I appeared for an interview in Dec 2016.

Interview Questionnaire 

7 Questions

  • Q1. Tell me about yourself
  • Ans. 

    I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.

    • I have a Bachelor's degree in Statistics and experience in analyzing large datasets

    • I am proficient in using statistical software such as R and Python

    • I have a proven track record of identifying trends and providing actionable insights to drive business decisions

  • Answered by AI
  • Q2. How does Insurance companies work ?
  • Ans. 

    Insurance companies work by providing financial protection to individuals or organizations against potential risks or losses.

    • Insurance companies collect premiums from policyholders in exchange for coverage.

    • They assess risks and determine the appropriate premiums to charge based on factors such as age, health, and occupation.

    • Insurance companies invest the collected premiums to generate income and ensure they have suffic...

  • Answered by AI
  • Q3. Who is an actuary and what are his roles ?
  • Ans. 

    An actuary is a professional who assesses and manages financial risks using mathematics, statistics, and business knowledge.

    • Analyzing data to calculate probabilities of events such as death, sickness, injury, and property loss

    • Designing insurance policies and pension plans based on risk assessments

    • Helping companies make informed decisions on managing risks and setting premiums

    • Advising on investment strategies to ensure ...

  • Answered by AI
  • Q4. What is India's GDP and its growth rate ?
  • Ans. 

    India's GDP is $2.7 trillion with a growth rate of 4.2%.

    • India's GDP is one of the largest in the world.

    • As of 2020, India's GDP was $2.7 trillion.

    • The growth rate of India's GDP in 2020 was 4.2%.

    • India's GDP growth rate has been fluctuating over the years.

    • The COVID-19 pandemic had a significant impact on India's GDP growth.

  • Answered by AI
  • Q5. What are the Pros and Cons of Demonetization ?
  • Ans. 

    Demonetization has pros and cons that impact various aspects of the economy and society.

    • Pros: Curbing black money, reducing corruption, promoting digital transactions

    • Cons: Initial economic disruption, inconvenience to the public, impact on informal sector

    • Example of a pro: Demonetization helped uncover undisclosed income and led to an increase in tax compliance.

    • Example of a con: Small businesses and daily wage workers f

  • Answered by AI
  • Q6. If there are two data sets each with 100 variables and having 10000 and 12000 policies verify the validity of the second data set assuming the first one is accurate.
  • Ans. 

    The validity of the second data set can be verified by comparing it with the first data set.

    • Compare the variables in both data sets to ensure they are the same.

    • Check if the number of policies in the second data set matches the number stated.

    • Perform statistical analysis on both data sets to identify any discrepancies or inconsistencies.

    • Validate the accuracy of the second data set by cross-referencing it with external so

  • Answered by AI
  • Q7. Why do you want to work as an analyst ?
  • Ans. 

    I am passionate about analyzing data and deriving insights to drive informed decision-making.

    • I enjoy problem-solving and critical thinking, which are essential skills for an analyst.

    • I have a strong attention to detail and excel at organizing and interpreting complex information.

    • I am interested in utilizing data to identify trends, patterns, and opportunities for improvement.

    • I believe that my analytical skills can contr...

  • Answered by AI

Interview Preparation Tips

College Name: IIT Madras

I applied via Referral and was interviewed before Jul 2021. There was 1 interview round.

Round 1 - HR 

(1 Question)

  • Q1. Self introduction, what's your qualification, how many years of experience.
  • Ans. 

    I am a highly qualified professional with several years of experience in the field.

    • I have a Bachelor's degree in Business Administration.

    • I have 5 years of experience working in the finance industry.

    • I am skilled in financial analysis, budgeting, and forecasting.

    • I have successfully managed large-scale projects and teams.

    • I am proficient in various financial software and tools.

    • I have a proven track record of achieving targ

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I am currently working in Exide company, we have expectation for salary some past 2 years no increment no bonus etc.

Interview Questionnaire 

1 Question

  • Q1. Why you want to come is insurance sector
  • Ans. 

    I am passionate about helping people protect their assets and loved ones through insurance.

    • I have a strong desire to help individuals and families plan for the unexpected.

    • I believe in the importance of financial security and peace of mind that insurance provides.

    • I am interested in the dynamic and evolving nature of the insurance industry.

    • I enjoy analyzing risks and finding solutions to mitigate them.

    • I have a background...

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: Aptitude & Reasoning

I applied via Referral and was interviewed before Mar 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. How are heard about HDFC Life?

Interview Preparation Tips

Interview preparation tips for other job seekers - HDFC life is good for interns .

I applied via Campus Placement and was interviewed before Sep 2021. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Basic details about you, how you convince customer to buy new policy, what will you do if customer not respond you and also dis respect you, etc

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and stay clam while appearing for interview because they also check your patience
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Tele me something about yourself
  • Q2. What is insurance
  • Ans. 

    Insurance is a financial protection against potential losses or risks.

    • Insurance is a contract between an individual or entity and an insurance company.

    • The individual or entity pays a premium in exchange for coverage against specific risks.

    • In case of a covered loss, the insurance company compensates the policyholder.

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

    • Insurance helps individuals a...

  • Answered by AI
Round 1 - One-on-one 

(1 Question)

  • Q1. Last company experiance

Interview Preparation Tips

Interview preparation tips for other job seekers - Good job
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Feb 2023. There were 2 interview rounds.

Round 1 - One-on-one 

(1 Question)

  • Q1. What do you know about insurance
  • Ans. 

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

    • Insurance is a contract between an individual or entity and an insurance company.

    • The individual or entity pays a premium to the insurance company in exchange for coverage against specific risks.

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

    • Insurance ...

  • Answered by AI
Round 2 - HR 

(1 Question)

  • Q1. What do you like about HDFCergo

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared before going for interview
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

All the questions are based on the MCQ , and the syllabus is covered python SQL Power BI

Round 2 - Coding Test 

Some questions from the Pandas Data Frame scenario based

Round 3 - One-on-one 

(1 Question)

  • Q1. Ask about work and coding

Interview Preparation Tips

Interview preparation tips for other job seekers - It's Good to start the carrier

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