Marsh Management Trainee Interview Questions and Answers

The topic was abstract and we were given 1 minute to prepare for it and then GD itself was around 12 mins

Q1. Why do you want to work in Insurance Industry
Ans. 
I am passionate about helping individuals and businesses protect themselves from financial risks and uncertainties.
• Interest in risk management and financial planning

• Opportunity to educate clients on the importance of insurance

• Desire to work in a stable and growing industry

• Potential for career advancement and professional development
Answered by AI
Add your answer
Q2. What do you know about General Insurance
Ans. 
General insurance provides financial protection for assets such as home, car, and business against unforeseen events.
• General insurance covers a wide range of assets and liabilities, excluding life insurance.

• It includes insurance for property, vehicles, travel, health, and business.

• General insurance policies typically have a fixed term and premium amount.

• Claims can be made for damages or losses covered under the policy,...read more
Answered by AI
Add your answer

Work from home or work from office

Q1. Sales pitch on my internship
Add your answer
Q2. Situational based questions as the area is new so how you will grow the market size assuming you are alone.
Add your answer

About motor insurance and how to sale

Reasoning, English, mathematics, Gk

Q1. Insurance related
Add your answer
Q2. What is insurance
Ans. 
Insurance is a contract between an individual or organization and an insurance company, where the insurer provides financial protection against potential losses.
• Insurance is a risk management tool that helps individuals and organizations protect themselves against financial losses.

• It involves paying a premium to an insurance company in exchange for coverage against specific risks.

• Insurance policies can cover various ar...read more
Answered by AI
Add your answer
Q3. Who is regulate of insurance
Ans. 
The regulatory authority for insurance varies by country.
• In the United States, insurance is regulated at the state level by individual state insurance departments.

• In the United Kingdom, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) regulate insurance.

• In India, the Insurance Regulatory and Development Authority of India (IRDAI) is the regulatory body for insurance.

• Other countries ma...read more
Answered by AI
Add your answer
Q4. Life insurance and types
Add your answer
Q5. What is premium
Ans. 
Premium is the additional amount paid for a higher quality or more desirable product or service.
• Premium refers to the extra cost paid for a product or service that is considered superior or of higher value.

• It is often associated with luxury or high-end items.

• Premium can also refer to the amount paid for an insurance policy, which is based on the level of coverage and risk.

• For example, a premium car brand like Mercedes-...read more
Answered by AI
Add your answer