PolicyBazaar Insurance Executive Interview Questions and Answers

Being a Vendor manager, how to ensure your business is not dependent on few vendors

Q1. Being vendor manager, how will you work on issues at hand.
Ans. 
As a vendor manager, I will address issues by establishing clear communication channels, setting expectations, monitoring performance, and resolving conflicts promptly.
• Establish clear communication channels with vendors to address issues effectively

• Set clear expectations and performance metrics to ensure vendors meet requirements

• Monitor vendor performance regularly to identify and address any issues promptly

• Resolve con...read more
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Q2. How will you negotiate to improve your commissions on sales
Ans. 
I will negotiate by highlighting my track record of successful sales, demonstrating the value I bring to the company, and proposing a mutually beneficial commission structure.
• Highlighting past sales successes and achievements

• Demonstrating the value I bring to the company through my skills and experience

• Proposing a commission structure that is fair and mutually beneficial

• Showing willingness to go above and beyond to inc
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