30+ Xceedance Interview Questions and Answers

Factors affecting bike insurance risk assessment

• Assess the age and condition of the bike

• Consider the location and crime rate of the area where the bike will be used

• Evaluate the driving history and experience of the bike owner

• Check for any modifications made to the bike

• Assess the frequency of use and distance traveled

• Consider the type of coverage and deductibles chosen by the bike owner

Burn one wire from both ends and the other wire from one end only.

• Light both ends of one wire and one end of the other wire at the same time.

• When the first wire is completely burnt, 30 minutes have passed.

• Then light the other end of the second wire.

• When the second wire is completely burnt, 15 more minutes have passed.

• Total time elapsed is 45 minutes.

CAT Modelling Domain offers a challenging and dynamic work environment that aligns with my career goals.

• I have a keen interest in risk management and modelling

• CAT Modelling Domain offers opportunities to work on complex and diverse projects

• Higher studies can be pursued alongside work

• CAT Modelling Domain offers a chance to apply theoretical knowledge in a practical setting

• CAT Modelling Domain offers a chance to work with cutting-edge technology and software

• CAT Modelling Domain...read more

CAT-Modelling is a process of estimating potential losses from natural disasters such as hurricanes, earthquakes, etc.

• CAT stands for 'Catastrophe'

• It helps in assessing the risk and potential losses from natural disasters

• It uses statistical models and historical data to estimate the impact of a catastrophe

• Insurance companies use CAT-Modelling to determine premiums and manage risk

• Examples of natural disasters include hurricanes, earthquakes, floods, etc.

CAT modelling refers to the process of estimating potential losses from catastrophic events such as natural disasters.

• CAT stands for 'catastrophe'

• It involves using statistical models to estimate the likelihood and potential impact of catastrophic events

• This information is used by insurance companies to determine their risk exposure and set premiums

• Examples of catastrophes include hurricanes, earthquakes, and terrorist attacks

Principles of Insurance are the basic guidelines that govern the functioning of the insurance industry.

• Utmost good faith - both parties should disclose all relevant information

• Indemnity - compensation should be given only for actual loss

• Contribution - multiple policies covering the same risk should share the loss

• Subrogation - insurer can take legal action against third party responsible for loss

• Proximate cause - loss should be caused by insured peril

• Insurable interest - polic...read more

Cat modeling modules include hazard module, vulnerability module, and financial module.

• Hazard module assesses the likelihood and severity of natural disasters such as hurricanes, earthquakes, and floods.

• Vulnerability module evaluates the susceptibility of properties and assets to damage from these disasters.

• Financial module calculates the potential losses and impacts on insurance portfolios based on the hazard and vulnerability assessments.

Catastrophes can be natural or man-made. Natural catastrophes include earthquakes, hurricanes, floods, and wildfires. Man-made catastrophes include terrorism, cyber attacks, and nuclear accidents.

• Natural catastrophes: earthquakes, hurricanes, floods, wildfires

• Man-made catastrophes: terrorism, cyber attacks, nuclear accidents

Cat modeling is a method used by risk analysts to assess the potential losses from natural disasters such as hurricanes, earthquakes, and floods.

• Cat modeling uses computer simulations to estimate the financial impact of catastrophic events on insurance portfolios.

• It takes into account factors such as location, building materials, and historical data to predict the likelihood and severity of future disasters.

• Insurance companies use cat modeling to determine appropriate premium...read more

Excel formula is a set of instructions used to perform calculations, manipulate data, and automate tasks in Excel.

• Excel formulas start with an equal sign (=)

• Formulas can include functions, operators, and cell references

• Examples of functions include SUM, AVERAGE, IF, and VLOOKUP

• Operators include +, -, *, /, and ^

• Cell references can be absolute ($A$1), relative (A1), or mixed ($A1 or A$1)

Comparison of two tables with id attribute and null values.

• Both tables have the same id attribute.

• Table a has null values for the third and fourth rows.

• Table b has a null value for the third row and a different value for the fifth row.

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 region

• Consult with experts or actuaries to quantify and assess ...read more

I am not from healthcare background.

• I do not have experience in healthcare operations or processes.

• However, I have expertise in process improvement and team leadership.

• I am confident in my ability to learn and adapt quickly to new industries and domains.

Inner join query is used to retrieve records that have matching values in both tables.

• Use SELECT statement to specify the columns you want to retrieve

• Use INNER JOIN keyword to combine the tables based on a related column

• Specify the ON clause to define the relationship between the tables

In Angular, input parameters are used to pass data into a component, while output parameters are used to emit events from a component.

• Input parameters are defined using the @Input decorator in Angular.

• Output parameters are defined using the @Output decorator in Angular.

• Input parameters allow parent components to pass data into child components.

• Output parameters allow child components to emit events to parent components.

• Example: @Input() data: string; @Output() eventEmitter = ...read more

Encapsulation is the concept of bundling data and methods that operate on the data into a single unit.

• Encapsulation helps in data hiding and abstraction, allowing for better control over access to data.

• In object-oriented programming, classes are used to implement encapsulation by combining data attributes and methods.

• An example of encapsulation is a class in Java that has private data members and public methods to access and modify those members.

P&C insurance stands for Property and Casualty insurance which covers damages to property and liability for any injuries caused to others.

• P&C insurance covers damages to property and liability for any injuries caused to others

• It includes home insurance, auto insurance, and liability insurance

• P&C insurance is different from life and health insurance

• Premiums are based on the risk of loss and the value of the property being insured

Xceedance offers a dynamic and innovative work environment with opportunities for growth and learning.

• Xceedance has a strong focus on technology and innovation, which aligns with my interests and career goals.

• The company has a reputation for providing excellent training and development programs for employees.

• Xceedance has a diverse and inclusive workplace culture, which I value in an employer.

• The company has a global presence, offering opportunities to work on projects with c...read more

SQL questions testing methods and types of testing

• SQL testing involves verifying the correctness of SQL queries, stored procedures, and database functions

• Types of SQL testing include unit testing, integration testing, regression testing, and performance testing

• Common SQL testing methods include data validation, boundary value analysis, equivalence partitioning, and stress testing

Truncate is a DDL command that removes all records from a table, while delete is a DML command that removes specific records.

• Truncate is faster than delete as it does not log individual row deletions.

• Truncate resets identity columns, while delete does not.

• Truncate cannot be rolled back, while delete can be rolled back using a transaction.

• Truncate does not fire triggers, while delete does.

• Truncate does not require a where clause, while delete does.

Claims refer to requests made by policyholders to insurance companies for compensation or coverage for losses or damages.

• Claims involve the process of investigating, evaluating, and settling insurance claims

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

• Claims analysts are responsible for reviewing claims, determining coverage, and processing payments

• Claims can be filed by policyholders, third-party claimants, or hea...read more

Functions in SQL Server are pre-defined or user-defined routines that can accept parameters, perform actions, and return a value.

• Functions can be used to perform calculations, manipulate data, or return specific information.

• There are different types of functions in SQL Server such as scalar functions, table-valued functions, and aggregate functions.

• Examples of functions include GETDATE() to retrieve the current date and time, LEN() to get the length of a string, and SUM() to ...read more

Blackbox testing is a software testing method where the internal structure/design of the item being tested is not known to the tester.

• Blackbox testing focuses on testing the functionality of the software without knowing its internal code.

• Testers create test cases based on the software requirements and expected outputs.

• Examples of blackbox testing techniques include equivalence partitioning, boundary value analysis, and decision table testing.

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 company has a stop loss treaty with a threshold of $1 million, t...read more

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 payment reminders, imposing late fees, and restricting fur...read more

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 financially.

• Examples of insurance companies include State...read more

Interface defines only method signatures while abstract class can have method implementations.

• Interface cannot have method implementations, only method signatures

• Abstract class can have method implementations along with abstract methods

• A class can implement multiple interfaces but can only inherit from one abstract class

• Interfaces are used to achieve multiple inheritance in Java

SWL queries for extracting information from table joins

• Use JOIN keyword to combine tables

• Specify the columns to be selected using SELECT

• Use WHERE clause to filter results

• Use GROUP BY to group results by a column

• Use ORDER BY to sort results

• Use aliases to simplify column names

• Example: SELECT t1.column1, t2.column2 FROM table1 t1 JOIN table2 t2 ON t1.id = t2.id WHERE t1.column3 = 'value'

• Example: SELECT COUNT(*) FROM table1 t1 JOIN table2 t2 ON t1.id = t2.id GROUP BY t1.column1 O...read more

Credit control is the process of managing and collecting payments from customers who owe money to a business.

• It involves setting credit limits for customers

• Monitoring customer payment behavior

• Chasing overdue payments

• Negotiating payment plans

• Reducing bad debt

• Ensuring cash flow

• Examples include sending reminders, making phone calls, and sending debt collection letters

There are 8 primitive data types in Java.

• Java has 8 primitive data types: byte, short, int, long, float, double, char, and boolean.

• Primitive data types are basic data types that are not objects.

• Non-primitive data types are objects, arrays, and classes.

• Each data type has a specific range of values it can hold.

• For example, byte can hold values from -128 to 127, while int can hold values from -2,147,483,648 to 2,147,483,647.

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

Claim life cycle is the process of handling insurance claims from start to finish.

• The cycle starts with the submission of a claim by the policyholder.

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

• If the claim is approved, the insurance company will either pay the policyholder directly or reimburse them for expenses.

• If the claim is denied, the policyholder can appeal the decision or take legal action.

• The cycle ends when the claim is resolved and...read more

Short-term goals involve gaining experience and certifications, while long-term goals focus on advancing to senior positions and becoming a subject matter expert in insurance analysis.

• Short-term goal: Gain experience by working on various insurance projects

• Short-term goal: Obtain relevant certifications such as Chartered Insurance Analyst (CIA)

• Long-term goal: Advance to a senior insurance analyst position

• Long-term goal: Become a subject matter expert in insurance analysis

• Long...read more