Xceedance Interview Questions, Process, and Tips

Q1. Excel Question like vlookup
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Q2. Reconciliation process
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Q1. How will you determine the factor can be considered as a risk while insurance?
Ans. 
Factors that can be considered as risks in insurance are determined based on their likelihood of occurrence and potential impact on the insured party.
• Evaluate the probability of the risk occurring

• Assess the potential impact of the risk on the insured party

• Consider the financial implications of the risk for the insurance company

• Analyze historical data and trends to identify common risks in a particular industry or regio...read more
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Q2. What is stop loss treaty?
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Stop loss treaty is a reinsurance agreement where the reinsurer agrees to cover losses above a certain threshold for the ceding company.
• Stop loss treaty is a type of reinsurance agreement.

• It sets a specific threshold for losses that the ceding company will cover on its own.

• The reinsurer agrees to cover losses above this threshold.

• It helps the ceding company limit its exposure to large losses.

• Example: If a ceding compan...read more
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Q3. What do you know about claims?
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Claims are requests made by individuals or companies to an insurance company for payment of benefits or services covered under an insurance policy.
• Claims are typically submitted after a covered event or service has occurred.

• Insurance companies review claims to determine if they are valid and covered under the policy.

• Claims can be related to various types of insurance such as health, auto, property, or liability.

• Example...read more
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Q4. What is credit control?
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Credit control is the process of managing the credit extended to customers and ensuring timely payment.
• Credit control involves setting credit limits for customers based on their creditworthiness.

• It also includes monitoring customer payments and following up on overdue invoices.

• Credit control aims to minimize the risk of bad debts and improve cash flow for the company.

• Examples of credit control measures include sending ...read more
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Q5. What is an insurance?
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Insurance is a financial protection plan that provides coverage against potential losses or damages.
• Insurance involves a contract between the insurer and the insured party.

• The insured pays a premium to the insurer in exchange for coverage against specified risks.

• Common types of insurance include health, life, auto, home, and travel insurance.

• Insurance helps individuals and businesses manage risks and protect themselves...read more
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Q1. Duck creek policy and Billing
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Q2. Team leading process
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Q1. Testing processes
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Q2. Billing testing functionalities
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Billing testing functionalities involve verifying the accuracy and reliability of billing processes.
• Verify billing calculations are accurate

• Test different billing scenarios (e.g. discounts, promotions)

• Ensure invoices are generated correctly

• Validate payment processing functionality
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Q1. Reason for change
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Q1. About your self
Ans. Explain your self and your goals
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Q2. Previous year experience
Ans. Tell them about the previous year experience and about your role
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Q1. About the role in your team
Ans. Tell the interview about your role and the things you did in the team
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Q2. The things you handled
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Q1. Basic questions
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Q1. About previous work exp
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