Successive Technologies Lead Business Analyst Interview Questions and Answers

Q1. Scenario based questions
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Q1. Client interview
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Q1. Salary Negotiation
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Q1. Insurance life cycle
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Q2. What is loss ratio and what is the formula
Ans. 
Loss ratio is a key performance indicator used in insurance to measure the profitability of underwriting. The formula is (Incurred Losses + Loss Adjustment Expenses) / Earned Premiums.
• Loss ratio is a ratio used in insurance to assess the profitability of underwriting.

• The formula for loss ratio is (Incurred Losses + Loss Adjustment Expenses) / Earned Premiums.

• A lower loss ratio indicates better underwriting performance,...read more
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Q1. Tell me about your self
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Q2. What is the difference between qs and surplus
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QS is the quantity supplied in the market while surplus is the excess of quantity supplied over quantity demanded.
• QS refers to the amount of a good or service that producers are willing to sell at a given price

• Surplus occurs when the quantity supplied exceeds the quantity demanded at a given price

• Surplus can lead to lower prices as producers try to sell off excess inventory

• QS is a key factor in determining market equil
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Q1. Tell me about yourself, explain your project journey, how many projects you have led what was your previous experience what is scrum how do you identify requirements gathering what is sprint
Ans. 
I am an experienced business analyst with a track record of leading successful projects using Scrum methodology.
• I have led 10+ projects in my career, ranging from small-scale to enterprise-level

• My previous experience includes working as a business analyst for a Fortune 500 company

• Scrum is an agile framework used for project management and product development

• I identify requirements gathering by conducting stakeholder in...read more
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Q2. All scrum question
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Q3. Client profile awareness
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Q1. Explain Claims Lifecycle
Ans. 
Claims Lifecycle is the process of handling insurance claims from start to finish.
• The process starts with the submission of a claim by the policyholder.

• The claim is then reviewed by the insurance company to determine coverage and validity.

• If approved, the claim is processed and payment is made to the policyholder.

• If denied, the policyholder may appeal the decision or take other actions.

• The process ends when the claim i...read more
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Q2. What are the important attributes that should flow from policy to claims system
Ans. 
Attributes that should flow from policy to claims system
• Accurate policy information

• Clear coverage details

• Validated policy limits

• Proper claim adjudication

• Timely claim processing

• Effective communication with policyholders
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Q3. What according to you are the important considerations for a user story
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Important considerations for a user story
• Clear and concise description of the user's goal or need

• Specific acceptance criteria to define success

• Proper prioritization based on business value

• Inclusion of relevant stakeholders

• Testability and measurability of the user story
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Q4. Claims concepts like Subrogation, Salvage etc.
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Q1. 1. Agile ceremonies 2. Scenario based questions eg how to handle change requests etc 3. Questions on documents such as PRD, FRD etc
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English grammer test, Case study etc

Q1. Ovarall past experiance and collection process
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Q2. Tell about yourself in brief
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Q3. Why you went out from your last organization
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Q4. What are you achivements
Ans. 
I have achieved significant improvements in business processes and successfully led cross-functional teams.
• Implemented a new project management system that increased efficiency by 30%

• Led a team of analysts to identify cost-saving opportunities resulting in $1 million in annual savings

• Developed and implemented a data-driven strategy that improved customer retention by 15%

• Successfully managed the implementation of a new
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Q1. Last project briefings
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Q1. Salary negotiation
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