Vco Consultants Interview Questions and Answers for Experienced

Rewrite and reinstatement are two different methods of policy modification.

• Rewrite involves creating a new policy from scratch, while reinstatement involves restoring a lapsed policy.

• Rewrite may result in changes to coverage, premiums, and terms, while reinstatement typically restores the policy to its original state.

• Examples of when to use rewrite include major life changes or significant changes in risk, while reinst...read more

No, the company will not process the claim.

• The policy was cancelled in June due to non-payment.

• The policyholder reinstated the policy in September.

• The claim arises in August, which is before the policy was reinstated.

• Since the policy was not active in August, the company will not process the claim.

Yes

• I have extensive experience in stakeholder management throughout my career.

• I am comfortable in pushing back stakeholders when necessary and standing my ground.

• I prioritize open and effective communication with stakeholders to ensure their needs are met.

• I have successfully managed stakeholders in various projects, including one where conflicting interests needed to be resolved.

• I believe in building strong relationshi...read more

I perform and manage under pressure by staying calm, prioritizing tasks, seeking support, and maintaining focus.

• Stay calm and composed to think clearly and make rational decisions

• Prioritize tasks based on urgency and importance

• Seek support from colleagues or supervisors when needed

• Maintain focus by setting goals and breaking them down into manageable steps

• Example: In my previous role, during a high-pressure project dea...read more

Successfully managed campaigns and negotiated between stakeholders for various projects.

• Developed and executed a social media campaign for a non-profit organization, resulting in a 30% increase in donations.

• Negotiated with vendors to reduce costs by 15% for a company's annual conference.

• Managed a political campaign, coordinating with volunteers and stakeholders to ensure a successful election.

• Collaborated with cross-fu...read more

I am looking for a challenging role where I can contribute my expertise and continue to grow professionally.

• Opportunity to work on complex projects

• Ability to lead and mentor junior team members

• Continued learning and professional development

• Opportunities for advancement and career growth

• Collaborative and supportive work environment