SBI General Insurance Assistant Manager Internal Audit Interview Questions, Process, and Tips

Internal Audit is a process that evaluates and improves the effectiveness of an organization's risk management, control, and governance processes.

• Internal Audit is an independent and objective assurance activity.

• It helps organizations accomplish their objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

• Internal audi...read more

Insurance is a contract between an individual or entity and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events such as accidents, illness, or damage to property.

• The insured pays a premium to the insurance company in exchange for coverage.

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

• Insurance policies have terms and cond...read more

General Insurance offers a dynamic and challenging work environment with opportunities for growth and learning.

• General Insurance is a constantly evolving industry that requires adaptability and problem-solving skills.

• The diverse range of products and services offered by General Insurance provides exposure to various business functions.

• The role of an Assistant Manager Internal Audit in General Insurance involves identif...read more

My future goals include gaining more experience in internal audit, obtaining relevant certifications, and eventually becoming a senior manager.

• Gain more experience in internal audit

• Obtain relevant certifications such as CIA or CISA

• Develop leadership and management skills

• Work towards becoming a senior manager

• Stay up-to-date with industry trends and best practices